CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: VinFast has opened its first electric vehicle assembly plant in India, making a bold move in the competitive yet highly promising EV market. The plant, located in Tamil Nadu, is not just another assembly line. It’s a signal that Vietnam’s automotive industry has truly comes a long way.

Behind VinFast’s expansion stands billionaire Pham Nhat Vuong, whose clear vision has shaped Vietnam’s largest conglomerate, Vingroup. With businesses spanning technology, real estate, and healthcare, Vingroup alone accounted for an estimated 1.6 percent of Vietnam’s GDP in 2023. Its growth mirrors the transformation of Vietnam itself, from a quiet agricultural economy into a thriving industrial force.

But VinFast’s international venture isn’t just backed by Vingroup’s capital. It benefits directly from its parent company’s network of tech-driven subsidiaries, a sprawling web of businesses that offer critical resources for electric vehicle manufacturing.

Take, for instance, VinBigData, also a Vingroup powerhouse. Its AI platforms, such as the ViVi smart voice assistant and advanced camera systems, add competitive features to VinFast’s cars, giving them access to technology other makers must buy or build from scratch.

The advantages of Vingroup’s ecosystem further come to life in innovations like VinFast MirrorSense, the world’s first AI-based automatic mirror adjustment system, developed jointly by VinFast and another Vingroup subsidiary. Introduced at CES 2024, MirrorSense took home an Innovation Award by showcasing how AI can make everyday driving simpler and safer.

However, VinFast’s green journey don’t stop at selling electric vehicles alone. To power its factory in Vietnam sustainably, VinFast recently partnered with VinEnergo, another Vingroup firm specializing in renewable energy and battery storage. Their combined efforts aim to generate 50 million kWh of solar power per year, potentially reducing carbon emissions by more than 33,000 tons annually. Battery storage solutions designed by VinFast meet global safety standards, setting an example in sustainable industrial production.

It’s these collaborations in its home market that have made VinFast a dominating force in Vietnam and are now supporting its global expansion.

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