The new dealerships will start selling the VF 8 model, followed by the VF 9 and VF 7 soon after their US launch. VinFast's customers will enjoy a market-leading after-sales policy, including a 10-year/125,000-mile warranty for the vehicle and a 10-year unlimited mileage warranty for the battery under standard use.

Furthermore, VinFast's parts distribution center stands ready to support dealers nationwide to guarantee consistent quality of maintenance and repair for our customers. Authorized dealers simply submit requests to a dedicated system, and such requests are processed and delivered regularly.

Mr. David Duncan, Vice President of Sales and Marketing at VinFast US, said: "Leveraging the network of stores, market experience, and capabilities of leading US dealers, VinFast will quickly deliver high-quality, competitively priced electric vehicles to consumers, along with outstanding after-sales policies. This establishes a solid foundation for VinFast's strong growth in the US market."

In the fourth quarter of 2023, VinFast made an important pivot from the capital-heavy, direct-to-consumer distribution model to a capital-light hybrid model with a strong focus on leveraging existing distribution infrastructure by building dealership networks in the U.S. and globally. Sales through dealers are expected to contribute significantly to the company's sales in the second half of 2024.

In addition to key markets such as the U.S., Canada, and Europe, VinFast is actively expanding into countries in Asia such as India, Indonesia, Thailand, and the Philippines, as well as in the Middle East and Africa. Outside of Vietnam, VinFast is also aiming to accelerate the construction of EV manufacturing plants in the U.S. and India, with plans to establish an additional plant in Indonesia.

VinFast US dealer network (New dealers in bold):

1. Leith VinFast, Raleigh, NC
2. Smith Haven VinFast, St. James, NY
3. Principle VinFast, Grapevine, TX
4. Hiley VinFast of Fort Worth, TX
5. VinFast Wichita, KS
6. Holman VinFast, Ft. Lauderdale, FL
7. Premier VinFast, Banford, CT
8. H Greg VinFast, West Palm Beach, FL
9. Triad VinFast, Greensboro, NC
10. H Greg VinFast, Doral, FL
11. Sandy Sansing VinFast, Pensacola, FL
12. VinFast Austin, TX
13. VinFast Gainesville, FL
14. Ewing VinFast of Plano, TX
15. VinFast of Bowling Green, KY
16. Hanna VinFast of Bradenton, FL
17. DeMontrond VinFast, Conroe, TX
18. DeMontrond VinFast North, Houston, TX

Hashtag: #VinFast

The issuer is solely responsible for the content of this announcement.

References

1. ^{^} Media OutReach Newswire (www.media-outreach.com)