DUBAI,
United Arab Emirates, Nov. 30,
2023 /PRNewswire/ -- VinFast Auto (Nasdaq: VFS)
("VinFast") announces that it is to speak and showcase its
latest VF 9 Electric Vehicle (EV) at the annual
United Nations summit on climate change, COP28.
As the world's highest decision-making platform for climate
issues, COP28 is expected to host
over 70,000 delegates, including heads of state and world leaders,
to build consensus and facilitate progress on climate action among
parties, delegates and thousands of non-government organizations,
companies, youth groups, and other stakeholders.
The Vietnamese delegation will be led by Prime Minister
Pham Minh Chinh, and include
representatives of government agencies, organizations and
leading Vietnamese corporates. Among them, VinFast is is honored to
speak and display its EV at COP28.
Madame Le Thi Thu Thuy, Vingroup
Vice Chairwoman and Global CEO of VinFast, will join global
leaders in a panel discussion "Strengthening Sustainable
Supply Chain Resilience." This is an important platform, and
represents an opportunity for VinFast to discuss green
mobility solutions and sustainable development strategies to
support a more sustainable future for generations to come.
Madame Thuy said, "We are honored to be playing an active role
at COP28, sharing our experiences in
building and maintaining sustainable supply chains, and exploring
how, together, we can further contribute to the world's
sustainable development. COP28 is an important forum to
promote innovation and advocate for actions to address climate
change. As an EV maker leading the way in green
mobility, we are committed to continuously bringing mobility
solutions that are greener, smarter, and more accessible for
everyone."
In addition to participating at COP28, VinFast is showcasing its highest-end
model, the VinFast VF 9, for the first time in the region,
from November 30 to December 12,
2023.The VF 9 is a full-size, all-electric luxury SUV with up to
402 horsepower, and a competitive EPA range of 330 miles, and
overall dimensions (LxWxH) of 5,118 x 2,254 x 1,696 (mm). Its
wheelbase of up to 3,150 mm and refined structure allows ample
interior space, optimal for full-sized 7-seater or 6-seater
configurations (Captain Seat options). The model combines a modern
exterior design, emphasizing sophistication and aerodynamic
efficiency, with a premium interior integrated with advanced
technologies to provide an exciting driving experience while
enhancing performance and prioritizing safety standards for
users.
The VinFast VF 9 comes with high-class amenities such as two
front seat rows integrated with massage, ventilation, and heating
features (Plus trim), a 15.6-inch infotainment screen, windshield
head-up display (HUD), outside rearview mirror with auto-dimming
(Plus), 11 airbags, and more.
The VF 9 is also integrated with a wide range of advanced
technologies, including the Advanced Driver Assistance System
(ADAS) and Smart Services. In addition, the regular firmware
over-the-air (FOTA) updates will also continuously enhance vehicle
functionality and performance to provide customers with more
enjoyable experiences.
Envisioned to make smart electric mobility accessible to
everyone, VinFast has developed a comprehensive ecosystem of
electrified mobility covering electric buses, electric scooters,
and 07 model of passenger cars.
About VinFast
VinFast - a member of Vingroup – envisions driving the
advancement of the global smart electric vehicle revolution.
Established in 2017, VinFast owns a state-of-the-art automotive
manufacturing complex with globally leading scalability that boasts
up to 90 percent automation in Hai Phong, Vietnam. Strongly committed to the
mission of a sustainable future for everyone, VinFast
constantly innovates to bring high-quality products, advanced smart
services, seamless customer experiences, and pricing strategy for
all to inspire global customers to jointly create a future of smart
mobility and a sustainable planet. Learn more at:
https://vinfastauto.com
Forward-Looking Statements
Forward-looking statements in this announcement, which are
not historical facts, are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1955.
These statements include statements regarding our future results of
operations and financial position, planned products and services,
business strategy and plans, objectives of management for future
operations of VinFast, market size and growth opportunities,
competitive position and technological and market trends and
involve known and unknown risks that are difficult to predict. As a
result, our actual results, performance or achievements may differ
materially from those expressed or implied by these forward-looking
statements. In some cases, you can identify forward-looking
statements because they contain words such as "may," "will,"
"shall," "should," "expects," "plans," "anticipates," "could,"
"intends," "target," "projects," "contemplates," "believes,"
"estimates," "predicts," "potential," "goal," "objective," "seeks,"
or "continue" or the negative of these words or other similar terms
or expressions that concern our expectations, strategy, plans, or
intentions. Such forward-looking statements are necessarily based
upon estimates and assumptions that, while considered reasonable by
us and our management, are inherently uncertain. Factors that may
cause actual results to differ materially from current expectations
include, but are not limited to: (i) the effect of the consummation
of the business combination and the public listing of the Company's
securities on its business relationships, performance, financial
condition and business generally, (ii) the risk that the Company's
securities may experience a material price decline and volatility
in the price of such securities due to a variety of factors, (iii)
the adverse impact of any legal proceedings and regulatory
inquiries and investigations on the Company's business, (iv) the
Company's potential inability to maintain the listing of its
securities on Nasdaq, (v) the risk associated with the Company's
limited operating history, (vi) the ability of the Company to
achieve profitability, positive cash flows from operating
activities and a net working capital surplus, (vii) the ability of
the Company to fund its capital requirements through additional
debt and equity financing under commercially reasonable terms and
the risk of shareholding dilution as a result of additional capital
raising, if applicable, (viii) risks associated with being a new
entrant in the EV industry, (ix) the risks of the Company's brand,
reputation, public credibility and consumer confidence in its
business being harmed by negative publicity, (x) the Company's
ability to successfully introduce and market new products and
services, (xi) competition in the automotive industry, (xii) the
Company's ability to adequately control the costs associated with
its operations, (xiii) the ability of the Company to obtain
components and raw materials according to schedule at acceptable
prices, quality and volumes acceptable from its suppliers, (xiv)
the Company's ability to maintain relationships with existing
suppliers who are critical and necessary to the output and
production of its vehicles and to create relationships with new
suppliers, (xv) the Company's ability to establish manufacturing
facilities outside of Vietnam and
expand capacity in a timely manner and within budget, (xvi) the
risk that the Company's actual vehicle sales and revenue could
differ materially from expected levels based on the number of
reservations received, (xvii) the demand for, and consumers'
willingness to adopt, EVs, (xiii) the availability and
accessibility of EV charging stations or related infrastructure,
(xix) the unavailability, reduction or elimination of government
and economic incentives or government policies which are favorable
for EV manufacturers and buyers, (xx) failure to maintain an
effective system of internal control over financial reporting and
to accurately and timely report the Company's financial condition,
results of operations or cash flows, (xxi) battery pack failures in
the Company or its competitor's EVs, (xxii) failure of the
Company's business partners to deliver their services, (xxiii)
errors, bugs, vulnerabilities, design defects or other issues
related to technology used or involved in the Company's EVs or
operations, (xxiv) the risk that the Company's research and
development efforts may not yield expected results, (xxv) risks
associated with autonomous driving technologies, (xxvi) product
recalls that the Company may be required to make, (xxvii) the
ability of the Company's controlling shareholder to control and
exert significant influence on the Company, (xxiii) the Company's
reliance on financial and other support from Vingroup and its
affiliates and the close association between the Company and
Vingroup and its affiliates, (xxix) conflicts of interests with or
any events impacting the reputation of Vingroup affiliates or
unfavorable market conditions or adverse business operations of
Vingroup and Vingroup affiliates and (xxx) other risks discussed in
our reports filed or furnished to the Securities and Exchange
Commission. All forward-looking statements attributable to us or
persons acting on our behalf are expressly qualified in their
entirety by the cautionary statements set forth above. You are
cautioned not to place undue reliance on any forward-looking
statements, which are made only as of the date of this
announcement. VinFast does not undertake or assume any obligation
to update publicly any of these forward-looking statements to
reflect actual results, new information or future events, changes
in assumptions or changes in other factors affecting
forward-looking statements, except to the extent required by
applicable law. If VinFast updates one or more forward-looking
statements, no inference should be drawn that it will make
additional updates with respect to those or other forward-looking
statements. The inclusion of any statement in this announcement
does not constitute an admission by VinFast or any other person
that the events or circumstances described in such statement are
material. Undue reliance should not be placed upon the
forward-looking statements.
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SOURCE VinFast