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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Vietnam was the first country in the region to produce electric automobiles domestically, owing to its potential for developing sustainable energy sources. With fresh backing from the government's policies, Vietnam's electric vehicle industry is expected to expand. The automobile sector in Vietnam has gotten a new lease on life thanks to electric automobiles.
The Vietnam Electric Car Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The most ambitious electric-vehicle (EV) start-up in the world operates out of an industrial complex surrounded by mango and palm trees in northern Vietnam's Red River Delta. Fishing for grass carp and tilapia on mudflats is still done outside VinFast's facility near the port city of Haiphong.
Inside, each car travels a 2.5-mile ergonomic conveyor assembly line. 1,250 robot arms form a line that twirls like a troupe of pneumatic ballerinas while adding 3,000 components and firing rivet after rivet in a flash of sparks.
The equipment in this place is of the highest calibre; it is from Germany, Japan, and Sweden. There is a 250,000 automobile annual capacity.
It's impressive that the facility can manufacture numerous models on the same line at once rather of having separate assembly lines designed for each vehicle.
Even more astonishingly, Google Maps reveals that half of the 877-acre property is submerged beneath the South China Sea, an oddity considering it was just 21 months after it was operationally restored from the seas.
VinFast is aggressively pursuing the U.S. and European vehicle industries since it is not the only company that yearns for a piece of that pie. It must either dethrone Tesla or persuade owners of gasoline-powered vehicles to switch in order to be successful.
That's no easy task: Despite investing tens of millions of dollars in feasibility studies, none of the Chinese companies that make up approximately half of the global EV industry have yet to go into the United States.
VinFast, Vietnam's largest conglomerate's car unit, has startled everyone with its hasty steps to get into the US electric vehicle market. Vinfast, a Vietnamese electric vehicle manufacturer, has announced that a production facility will be established in North Carolina.
Vinfast will soon construct North American EVs like the VF 9 and VF 8 at a location in Chatham County, North Carolina, that will include both an automotive assembly and battery production plant.
VinFast is a division of VinGroup, a Vietnamese conglomerate that has interests in everything from real estate to hotels to healthcare.VinFast began delivering its first two electric vehicles to clients in Vietnam, the "VF e35 and VF e36" â the country's first-ever EVs, which have since been rebranded as the VF 8 and VF 9.
Vietnamese customers will be able to purchase the Kia EV6 electric vehicle. The E-GMP platform was used to construct Kia's first electric car, a stylish SUV Coupe design. On a full charge, the automobile can go more than 400 kilometres.
When using 350 kW rapid charging, the EV6 can charge from 10% to 80% of the battery in 18 minutes, according to the Korean automaker. Also, if you charge for 5 minutes, you may travel 113 kilometres. The complete charge time from 10% of the battery is 7 hours when utilising the 11 kW charging connector.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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