Vietnam’s VinFast gets permit to test autonomous electric vehicles in the US

Vietnamese conglomerate Vingroup’s automobile unit VinFast has received a permit to test autonomous vehicles by the California Vehicle Administration, per an announcement.

Vingroup said that its car manufacturing subsidiary is the 57th licenced company to test its autonomous electric cars in California, following global giants such as Apple, Tesla, BMW, and Volkswagen.

In January, the Vietnamese automaker launched its first three self-driving electric SUV models, VF31, 32 and 33, which it claims uses AI as well as other smart features. The VF31 is slated for commercial sales in November 2021, while the other two will be handed over from February 2022. VF32 and VF33 will also be sold in the US, Canada, and Europe, the company said in a Tuesday statement.

VinFast has also established an R&D centre in the US, the parent firm added. Vingroup owns such facilities in Australia and Germany as well as a vehicle testing centre in Australia.

The Vietnamese behemoth is even considering setting up a factory in the US following the autonomous vehicle test permit, per a Bloomberg report.

Vingroup began life in Vietnam in the early 2000s as a real estate developer. It forayed into hospitals and schools in 2012 and 2013, respectively. The $15.9-billion Hanoi-based company later incepted VinFast in 2017, and technology unit VinTech and smartphone business VinSmart in 2018.

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.