DUBAI, United Arab Emirates, Nov. 30, 2023 /PRNewswire/ -- VinFast Auto (Nasdaq: VFS) ("VinFast") announces that it is to speak and showcase its latest VF 9 Electric Vehicle (EV) at the annual United Nations summit on climate change, COP28.
As the world's highest decision-making platform for climate issues, COP28 is expected to host over 70,000 delegates, including heads of state and world leaders, to build consensus and facilitate progress on climate action among parties, delegates and thousands of non-government organizations, companies, youth groups, and other stakeholders.
The Vietnamese delegation will be led by Prime Minister Pham Minh Chinh, and include representatives of government agencies, organizations and leading Vietnamese corporates. Among them, VinFast is is honored to speak and display its EV at COP28.
Madame Le Thi Thu Thuy, Vingroup Vice Chairwoman and Global CEO of VinFast, will join global leaders in a panel discussion "Strengthening Sustainable Supply Chain Resilience." This is an important platform, and represents an opportunity for VinFast to discuss green mobility solutions and sustainable development strategies to support a more sustainable future for generations to come.
Madame Thuy said, "We are honored to be playing an active role at COP28, sharing our experiences in building and maintaining sustainable supply chains, and exploring how, together, we can further contribute to the world's sustainable development. COP28 is an important forum to promote innovation and advocate for actions to address climate change. As an EV maker leading the way in green mobility, we are committed to continuously bringing mobility solutions that are greener, smarter, and more accessible for everyone."
In addition to participating at COP28, VinFast is showcasing its highest-end model, the VinFast VF 9, for the first time in the region, from November 30 to December 12, 2023.The VF 9 is a full-size, all-electric luxury SUV with up to 402 horsepower, and a competitive EPA range of 330 miles, and overall dimensions (LxWxH) of 5,118 x 2,254 x 1,696 (mm). Its wheelbase of up to 3,150 mm and refined structure allows ample interior space, optimal for full-sized 7-seater or 6-seater configurations (Captain Seat options). The model combines a modern exterior design, emphasizing sophistication and aerodynamic efficiency, with a premium interior integrated with advanced technologies to provide an exciting driving experience while enhancing performance and prioritizing safety standards for users.
The VinFast VF 9 comes with high-class amenities such as two front seat rows integrated with massage, ventilation, and heating features (Plus trim), a 15.6-inch infotainment screen, windshield head-up display (HUD), outside rearview mirror with auto-dimming (Plus), 11 airbags, and more.
The VF 9 is also integrated with a wide range of advanced technologies, including the Advanced Driver Assistance System (ADAS) and Smart Services. In addition, the regular firmware over-the-air (FOTA) updates will also continuously enhance vehicle functionality and performance to provide customers with more enjoyable experiences.
Envisioned to make smart electric mobility accessible to everyone, VinFast has developed a comprehensive ecosystem of electrified mobility covering electric buses, electric scooters, and 07 model of passenger cars.
VinFast - a member of Vingroup – envisions driving the advancement of the global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai Phong, Vietnam. Strongly committed to the mission of a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at: https://vinfastauto.com
Forward-looking statements in this announcement, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1955. These statements include statements regarding our future results of operations and financial position, planned products and services, business strategy and plans, objectives of management for future operations of VinFast, market size and growth opportunities, competitive position and technological and market trends and involve known and unknown risks that are difficult to predict. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "shall," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "goal," "objective," "seeks," or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the effect of the consummation of the business combination and the public listing of the Company's securities on its business relationships, performance, financial condition and business generally, (ii) the risk that the Company's securities may experience a material price decline and volatility in the price of such securities due to a variety of factors, (iii) the adverse impact of any legal proceedings and regulatory inquiries and investigations on the Company's business, (iv) the Company's potential inability to maintain the listing of its securities on Nasdaq, (v) the risk associated with the Company's limited operating history, (vi) the ability of the Company to achieve profitability, positive cash flows from operating activities and a net working capital surplus, (vii) the ability of the Company to fund its capital requirements through additional debt and equity financing under commercially reasonable terms and the risk of shareholding dilution as a result of additional capital raising, if applicable, (viii) risks associated with being a new entrant in the EV industry, (ix) the risks of the Company's brand, reputation, public credibility and consumer confidence in its business being harmed by negative publicity, (x) the Company's ability to successfully introduce and market new products and services, (xi) competition in the automotive industry, (xii) the Company's ability to adequately control the costs associated with its operations, (xiii) the ability of the Company to obtain components and raw materials according to schedule at acceptable prices, quality and volumes acceptable from its suppliers, (xiv) the Company's ability to maintain relationships with existing suppliers who are critical and necessary to the output and production of its vehicles and to create relationships with new suppliers, (xv) the Company's ability to establish manufacturing facilities outside of Vietnam and expand capacity in a timely manner and within budget, (xvi) the risk that the Company's actual vehicle sales and revenue could differ materially from expected levels based on the number of reservations received, (xvii) the demand for, and consumers' willingness to adopt, EVs, (xiii) the availability and accessibility of EV charging stations or related infrastructure, (xix) the unavailability, reduction or elimination of government and economic incentives or government policies which are favorable for EV manufacturers and buyers, (xx) failure to maintain an effective system of internal control over financial reporting and to accurately and timely report the Company's financial condition, results of operations or cash flows, (xxi) battery pack failures in the Company or its competitor's EVs, (xxii) failure of the Company's business partners to deliver their services, (xxiii) errors, bugs, vulnerabilities, design defects or other issues related to technology used or involved in the Company's EVs or operations, (xxiv) the risk that the Company's research and development efforts may not yield expected results, (xxv) risks associated with autonomous driving technologies, (xxvi) product recalls that the Company may be required to make, (xxvii) the ability of the Company's controlling shareholder to control and exert significant influence on the Company, (xxiii) the Company's reliance on financial and other support from Vingroup and its affiliates and the close association between the Company and Vingroup and its affiliates, (xxix) conflicts of interests with or any events impacting the reputation of Vingroup affiliates or unfavorable market conditions or adverse business operations of Vingroup and Vingroup affiliates and (xxx) other risks discussed in our reports filed or furnished to the Securities and Exchange Commission. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth above. You are cautioned not to place undue reliance on any forward-looking statements, which are made only as of the date of this announcement. VinFast does not undertake or assume any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If VinFast updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. The inclusion of any statement in this announcement does not constitute an admission by VinFast or any other person that the events or circumstances described in such statement are material. Undue reliance should not be placed upon the forward-looking statements.
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