Vietnamese EV manufacturer VinFast has announced it will be setting up shop in Los Angeles.
During a press conference, the company announced that its new American headquarters will be located in the Playa Vista area. Apparently known as ‘Silicon Beach,’ and packed with tech firms, VinFast is hoping that its new HQ will “provide an enriching environment for VinFast to realize its vision of becoming a global smart EV brand.”
“We are excited to make Los Angeles the permanent home of VinFast US,” says VinFast US CEO, Van Anh Nguyen.
“California in general and Southern California, in particular, are rapidly becoming the epicentre of the advanced transportation world thanks to forward-thinking ideas, an abundance of talented workers, and the passion for making transportation electrification a reality. We are grateful to Governor Newsom and Mayor Garcetti for their continued support.”
The new VinFast GQ will stretch more than 15,000 square feet, with further room to expand.
The company’s management team will be based there, as well as more than 400 new employees over the next few years. VinFast is also investing in regional offices, a call centre, and a network of storefronts to help introduce the brand and products to US customers.
VinFast’s decision to place its US HQ in America’s largest state was “in part” due to a $20.5 million tax credit awarded by the California Governor’s Office.
“I’m thrilled that VinFast has committed to the investment and quality job creation that earned them a CalCompetes Tax Credit,” says GO-Biz Director Dee Dee Myers.
“Their decision to establish their U.S. headquarters here in California reinforces our state’s role as a leader in both innovation and sustainability, and we look forward to working with them as they grow their business here in the years ahead.”
“Los Angeles is the transportation innovation capital of the world — a place where companies come to test, prove, and launch new technologies,” says Mayor Eric Garcetti, who joined the press conference virtually.
“We are so proud to welcome VinFast to our city as we continue leading the way to a better-connected, cleaner, and more sustainable transportation future.”
VinFast will officially debut two of its first electric vehicles, the VF e35 and VF e36, at the upcoming Los Angeles Auto Show.
Keyword: VinFast To Build US Headquarters in Los Angeles