EDAG, the world’s largest independent German engineering service provider, has been awarded a contract by VinFast Manufacturing & Trading Company Limited for the complete development of the first electric vehicle for the Vietnamese market.
The startup company of the Vietnamese Vingroup plans to triumph over the auto markets in Vietnam and beyond with two conventionally powered vehicle models (being designed by Pininfarina) and an all-electric car. VinFast’s formula for success in the market is to provide high quality cars in affordable prices.
Cosimo De Carlo, CEO of the EDAG Group said:
“We are proud that VinFast has chosen to appoint us as the overall engineering partner to work on their trend-setting electric vehicle project. Our all-round skills in vehicle and production plant development coupled with our expertise in the fields of eMobility, car IT and electronics inspired the confidence of our customer VinFast. Our standing as an independent engineering service provider with international experience predestines us to go new ways at high technical levels and turn innovative concepts into marketable products.”
Vinfast has already assigned the development of their first two cars, a sedan and an SUV, to Italian design house Pininfarina. Reportedly the company has made component-deals with Siemens and Bosch, while it is said that intellectual property is being bought from BMW which should speed up the overall development process.
VinFast is targeting production of 500,000 vehicles by 2025 after an initial output of between 100,000 and 200,000 units.