LAS
VEGAS, Dec. 26, 2023 /PRNewswire/ --
VinFast Auto (Nasdaq: VFS) announces its participation in CES
2024, one of the most powerful tech events in the world, taking
place from January 9 - 12, 2024 at
the Las Vegas Convention Center.
Underpinned by the message "Venture Beyond", VinFast will introduce
its new EV concept and mini eSUV VF 3 model, the DrgnFly electric
bike, with further vehicle and technology experience.
At CES 2024, for the first time, VinFast will introduce its
latest electric vehicle concept and the mini eSUV VF 3 to global
customers. The launch of two new models continues to expand
VinFast's electric vehicle EV lineup, further solidifying its
commitment to sustainable mobility and EV accessibility.
VinFast will also display its all-electric VF 9 full-size SUV
which incorporates a new streaming service into the vehicle,
providing CES 2024 attendees with a unique firsthand in-car
experience of the new technology.
In addition, VinFast will also introduce its electric bikes,
DrgnFly, reinforcing the company's commitment to offering a
holistic EV ecosystem to global customers, as well as showcasing
its rapid research and development capabilities since the product
was first introduced at CES 2023. VinFast's electric bikes will
also be available for test drives.
Ms. Tran Mai Hoa, VinFast
Global Deputy CEO of Sales and Marketing shared: "CES
is a highly influential consumer technology exhibition in
technology and particularly in the EV industry. Our presence at CES
2024 affirms our unwavering commitment to shaping the future
of sustainable transportation, and we are excited to showcase the
groundbreaking innovations that will further propel us towards this
ambitious goal."
VinFast's press conference at CES will take place at
10:15 AM PT, on January 9 at booth 6417, West Hall, at the Las
Vegas Exhibition Center. The show stand will also be open to show
attendees between January 9-12.
About VinFast
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
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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SOURCE Vinfast Auto LLC