VinFast looks to ease vehicle buying from order to finance to delivery
Vietnam-based VinFast is partnering with a Canadian firm in a strategy to make acquisition of its electric vehicles from ordering and buying to financing and then delivery.
The news comes as the countdown to a potential public offering of stock by around July 20 which could raise billions for VinFast.
The company, which has so far shipped 999 models to North America and is constructing a dealer network in multiple countries (including a new location in Berlin) is partnering with Taq Automotive Intelligence.
Financial terms of the deal, which they companies say so far covers VinVast Canada, weren’t disclosed.
“Today is an exciting day for us,” said Robert Muller, Deputy CEO for Sales and Marketing at VinFast, in the announcement made on Tuesday. “This partnership will facilitate the delivery of a smooth and uncomplicated experience for all VinFast customers.”
Taq Automotive says its platform will “provide VinFast customers autonomy to configure finance payments, submit credit applications and stipulated documents, and digitally sign contracts.”
VinFast plans to build an auto plant in Chatham County. But this year it’s faced numerous challenges – from a recall to a barrage of critical views of its vehicles.