Shulou(Shulou.com)11/24 Report--

CTOnews.com, February 9 (Xinhua)-- Vietnamese electric car maker VinFast wants a piece of the U.S. electric car market, but it will cut about 80 jobs in North America, including VinFast's chief financial officer in the United States.

According to sources, the restructuring has affected the offices of Vietnamese companies in Canada and the United States, and Rodney Haynes, VinFast's chief financial officer in the United States, will leave.

VinFast had previously announced that its North American operations would be merged into a single Los Angeles-based entity and that the first delivery of its VF8 all-electric SUV had been delayed until late February because of OTA software updates. The Vietnamese company, a subsidiary of the Vingroup JSC (VIC.HM) Group, is preparing to expand in the United States to compete with other carmakers.

The company said the restructuring was necessary to provide better service to customers in North America. "this has also led to the streamlining of our North American operations, which has affected some departments," the electric car maker said.

CTOnews.com learned that VinFast has launched two all-electric vehicles in the North American market, the VF8 five-seater crossover and the VF9 three-row SUV, of which VF8 will be the first to deliver to customers. Both models offer all-wheel drive and a 10-year warranty, including batteries, with VF8 starting at $59000 (currently about 401000 yuan) and VF9 starting at $83000 (currently about 564000 yuan).

The Vietnamese electric car maker, founded in 2017, hopes to expand further into the US market, where two smaller models, the VF6 and VF7, are scheduled to launch in March 2023.

The carmaker is still waiting for regulatory approval for its $4 billion battery and electric car plant in North Carolina, which, if built, will qualify for the current federal tax credit for US-made electric cars.

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