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Vietnam’s VinFast signs first California dealership

Vietnamese EV manufacturer VinFast has signed its first authorized dealership in California, part of its strategy to expand its sales model through a network of dealerships across the US.

The company’s VF 9 full-size electric SUV is currently available in the US. VinFast San Diego, part of the Sunroad Automotive Group, will give consumers the opportunity to explore, test drive and purchase or lease VinFast’s VF 8, 5-passenger electric, mid-size SUV as well as the VF 9. The dealership will also offer after-sales services including warranty support, maintenance and repair and genuine VinFast parts.

VinFast is accelerating the development of its dealership network across the US and it has identified California as a priority because of its significant EV growth potential. The company said it is actively seeking and evaluating opportunities with other potential dealerships throughout the state.

The company recently made a strategic decision to fully transition to a franchise dealership model in all 50 states, to maximize its business efficiency. To date, VinFast has established a network of more than 30 authorized dealerships, and has a presence across 15 states, including California, Texas, Connecticut, Florida, Illinois and New York.

“Adding our first dealership in California signifies VinFast’s next strategic step in our business model transition and the development of our global dealership network,” Mike Nolte, Vice President of Sales at VinFast US, said. “By leveraging the strong reputation, internal capabilities, robust infrastructure, and deep understanding of the local market held by our partners, VinFast is committed to expanding effectively within the US market.

The company is also expanding into new markets including Indonesia, the Philippines, India and the Middle East.

Source: VinFast

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