Vietnam's Vingroup looks to capture 1% of overall US auto market with its EVs

FILE PHOTO: Workers at Vinfast's auto plant on the occasion of its opening ceremony in Hai Phong city, Vietnam June 14, 2019. REUTERS/Kham

Top Vietnamese conglomerate Vingroup aims to reach annual electric vehicle sales of 160,000 to 180,000 in the US — the equivalent of 1% of all automobiles, electric or otherwise, sold in the country.

Chairman and founder Pham Nhat Vuong announced the goal at the annual general meeting in late June, according to local media reports.

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