VinFast Trading and Production Joint Stock Company, commonly known as VinFast, is a Vietnamese multinational automotive manufacturer established in June 2017. Headquartered in Hai Phong City, Vietnam, VinFast is a subsidiary of Vingroup, one of Vietnam's largest private conglomerates. The company went public on Nasdaq in August 2023 under the ticker symbol VFS. As of 2023, VinFast employed 13,953 people globally and reported a revenue of US$1.150 billion.
VinFast specializes in the manufacturing of electric vehicles, including electric cars, scooters, and motorcycles. The company has committed to producing solely electric vehicles since the end of 2022. Their product offerings include a range of electric SUVs such as the VF 3, VF 6, VF 7, VF 8, and VF 9, and they offer services like charging solutions, mobile service, over-the-air software updates, and extended warranties. VinFast operates a manufacturing complex in Vietnam and is establishing its first North American manufacturing plant in North Carolina, set to produce the VF 8 and VF 9 models by 2025.
In terms of patent litigation, VinFast appears to operate as an operating company that is defending against intellectual property assertions. The company has a record of one tracked case in our database where it is a defendant and zero cases as a plaintiff. This single tracked case is before the U.S. International Trade Commission (ITC).
The notable tracked case involves ArcelorMittal of Luxembourg v. VinFast Auto Ltd. et al., filed on April 17, 2024, at the U.S. International Trade Commission. ArcelorMittal alleges that VinFast has violated its patents related to high-strength aluminum and aluminum alloy-coated steel used in imported vehicles, specifically mentioning the VF 8 model and potentially other models like the VF 3, VF 6, VF 7, and VF 9. ArcelorMittal reportedly sent a letter to VinFast in November 2022 asserting these patent violations before filing the ITC complaint. Additionally, VinFast Auto, LLC was named as a defendant in a separate patent lawsuit filed by Sol IP, LLC in the U.S. District Court, Central District of California on July 16, 2024, concerning LTE features.