VinFast to soon release first Vietnamese electric car
- VinFast announces its two most favorite cars
- Vingroup and Bosch team up to produce Vinfast car
- Ho Chi Minh City to pilot paying travelling costs for officials instead of using State-owned cars
“EDAG, the world's largest independent German engineering service provider, has been awarded a contract by VinFast Manufacturing und Trading Company Limited for the complete development of the first electric vehicle for the Vietnamese market”, said the German car maker currently on its official website.
 |
| VinFast appoints EDAG as overall development partner for its first battery powered vehicle |
“The startup company of the Vietnamese Vingroup plans to conquer the auto markets in Vietnam and beyond with two conventionally powered vehicle models and a fully electric city car. Top quality, affordable cars - this is VinFast's formula for success”, EDAG's statement added.
"We are proud that VinFast has chosen to appoint us as the overall engineering part-ner to work on their trendsetting electric vehicle project," stated Cosimo De Carlo, CEO of the EDAG Group. "Our all-round skills in vehicle and production plant devel-opment coupled with our expertise in the fields of eMobility, car IT and elec-trics/electronics inspired the confidence of our customer VinFast.
Our standing as an independent engineering service provider with international experience predestines us to go new ways at high technical levels and turn innovative con-cepts into marketable products."
According to the plan, the small electric hatchback model will be launched in late 2019, one year earlier than initially planned. These electric models will have a competitive selling price compared to other automobile brands at the same segment.
In order to achieve this competitive selling price, VinFast committed not to include expenses on copyright and design, on offsetting the depreciation of the plants or interest from loans to the selling price of each car.
EDAG is an independent engineering service provider working for the global automotive industry. The company has a global network of some 60 branches at the world's major automobile centres to serve leading national and international vehicle manufacturers and technologically discerning automotive suppliers.
