Vietnam's Vinfast to launch electric cars in US, Europe next year

In this file photo taken on June 14, 2019, workers walk past finished cars at the assembly plant of VinFast, Vietnam's first homegrown car manufacturer, in Haiphong. Vietnam's first homegrown car manufacturer Vinfast said on July 12, 2021 it will launch two new electric vehicle models early next year in north America and Europe, as it pushes to enter the lucrative but crowded market. - AFP

HANOI July 12 (AFP): Vietnam's first homegrown car manufacturer Vinfast said Monday it will launch two new electric vehicle models early next year in North America and Europe, as it pushes to enter the lucrative but crowded market.

The carmaker is a subsidiary of Vietnam's largest private conglomerate, Vingroup, which is owned by the country's richest man, a press-shy billionaire who started his career selling dried noodles in Ukraine.