Hyperdrive
VinFast Gets Regulatory Approval to Sell First Electric SUVs in US
Pham Nhat Vuong, chairman of Vingroup, right, test-drives VinFast's VF8 electric vehicle at a port in Haiphong, Vietnam, on Nov. 25, 2022.
Photographer: Linh Pham/BloombergThis article is for subscribers only.
VinFast, an electric carmaker backed by Vietnam’s richest man, has received permission to sell EVs in the U.S. ahead of its planned initial public offering.
“We have received all necessary paperwork approvals to sell electric cars in the U.S.,” VinFast Chief Executive Officer Le Thi Thu Thuy said in an emailed statement. “That means our cars are qualified to be sold in the market.” The company, a unit of conglomerate Vingroup JSC, aims to start delivering its cars to U.S. customers this month.