Vietnam’s Vinfast plans U.S. listing in a couple of years -CEO

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LOS ANGELES, Nov 17 (Businesshala) – Vietnamese automaker Winfast plans to list on the US stock market within the next few years, its chief executive officer told Businesshala, taking advantage of investor enthusiasm to raise money for electric vehicles. Join a growing list of startups.

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Winfast, founded in 2017 as part of Winggroup JSC, the largest conglomerate in the communist-ruled country, plans to begin production of electric cars in the United States in the second half of 2024, global chief executive Michael Lohschler said in a statement on Wednesday. Said in the interview. ,

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“Of course we work through the different options. But yes, we will also go after an IPO in the United States in the next year or two,” said the former Volkswagen and Opel executive, who was given his position at Winfast in July. was named on.

Loehshaler said the company, which has a car factory in Vietnam, sees US production as “an incredibly important strategic decision … because shipping cars around the world and setting up cars is not a long-term setup.”

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“We want to do everything locally,” he said.

Winfast unveiled two electric sport utility vehicles, the VF E35 and VF E36, at the Los Angeles Auto Show on Wednesday.

It will start taking pre-orders for the electric SUV in the US market in the spring of 2022 and will start delivering them in the fourth quarter of that year. (Reporting by Hyunju Jin; Editing by Karishma Singh)

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