VinFast, a Vietnamese EV maker, targets Middle East's growing EV market with a 23.20% CAGR.
Vietnamese EV maker VinFast, a pioneer in the electric vehicle revolution and a subsidiary of Vietnam's largest conglomerate, Vingroup, is targeting the Middle East's growing electric vehicle market. The young, affluent demographic and the region's ambitious goals to diversify from fossil fuels provide a promising market for VinFast's electric vehicles, with the Middle East's EV market expected to grow at a CAGR of 23.20%.
July 10, 2024
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