Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Italy
  4. Borsa Italiana
  5. Pininfarina S.p.A.
  6. News
  7. Summary
    PINF   IT0003056386

PININFARINA S.P.A.

(PINF)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Vietnam's carmaker VinFast eyes more countries for its European strategy

09/23/2021 | 09:46am EST
FILE PHOTO: Workers at Vinfast's auto plant on the occasion of its opening ceremony in Hai Phong city

TURIN (Reuters) - Vietnamese carmaker VinFast could add other markets in 2023 to expand its European strategy beyond a planned debut in Germany, France and the Netherlands next year.

The company, a unit of Vingroup JSC Vietnam's largest conglomerate which some have called "Vietnam's answer to Tesla", will debut in Europe next year with two battery electric SUVs models, the midsized VF e35 and the seven-seater VF e36, both designed by Italy's Pininfarina.

The two models launch in Vietnam, North America and Europe around mid-2022, after an unveiling planned later this year.

VinFast became Vietnam's first fully fledged domestic car manufacturer when its first gasoline-powered models built under its own badge hit the streets in 2019.

VinFast's B2B Sales Vice President Emiel Hendriksen said on Thursday it was also looking at Italy, Scandinavia, Switzerland and Austria for a second step in its European strategy.

"We're considering those countries for 2023," he said during a presentation at Pininfarina headquarters in Turin.

VinFast will initially rely on a direct distribution model in Germany, France and the Netherlands, based on property showrooms, but could later consider an agency-model for sales in other countries, Hendriksen said.

The company sold about 30,000 vehicles domestically last year and had set a target of selling 15,000 electric vehicles in 2022, although its representatives did not provide detailed forecasts for the European market on Thursday.

Earlier this year sources said parent Vingroup JSC was considering an U.S. initial public offering (IPO) of its car unit that could value VinFast at about $60 billion, though an initial second-quarter deadline for the deal mentioned by one of the sources was delayed.

VinFast Europe CEO Bich Tran said any IPO decision was up to the company's headquarters in Vietnam.

"Our European plans are independent from any IPO. We're carrying on with our plans, everything in Europe is moving as planned," she said.

(Reporting by Giulio Piovaccari, editing by David Evans)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
PININFARINA S.P.A. 0.21% 0.952 Delayed Quote.-16.24%
TESLA, INC. -6.42% 1014.97 Delayed Quote.53.70%
VINGROUP JOINT STOCK COMPANY -1.59% 105500 End-of-day quote.9.69%
All news about PININFARINA S.P.A.
11/16PININFARINA S P A : OF AMERICA EARNS 2021 GREAT PLACE TO WORK CERTIFICATION™
PU
11/15PININFARINA S P A : Vinfast will bring "the future of mobility" to the 2021 los angeles au..
PU
11/12PININFARINA S P A : GROUP – INTERIM FINANCIAL REPORT AT 30 SEPTEMBER 2021
PU
11/12Pininfarina S.p.A. Reports Earnings Results for the Third Quarter and Nine Months Ended..
CI
11/11La grangette. the first indoor vegetable garden for lovers of taste
PU
10/21PININFARINA S P A : Automobili Pininfarina and bovet 1822 present the new Battista Tourbil..
AQ
09/29India's Mahindra considering funding options for EV supercar unit - Bloomberg News
RE
09/23Vietnam's carmaker VinFast eyes more countries for its European strategy
RE
08/16Helbiz Partners with Pininfarina to Launch Helbiz One E-Scooter
CI
08/05Pininfarina S.P.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
CI
More news
Financials
Sales 2020 65,6 M 74,2 M 74,2 M
Net income 2020 -24,4 M -27,6 M -27,6 M
Net cash 2020 1,84 M 2,08 M 2,08 M
P/E ratio 2020 -2,57x
Yield 2020 -
Capitalization 74,9 M 84,5 M 84,7 M
EV / Sales 2019 1,19x
EV / Sales 2020 0,93x
Nbr of Employees 515
Free-Float 23,8%
Chart PININFARINA S.P.A.
Duration : Period :
Pininfarina S.p.A. Technical Analysis Chart | PINF | IT0003056386 | MarketScreener
Technical analysis trends PININFARINA S.P.A.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Managers and Directors
Silvio Pietro Angori Chief Executive Officer & Managing Director
Gianfranco Albertini Chief Financial Officer & Secretary
Paolo Pininfarina Chairman
Roberto Castelli SVP-Business Unit Operations
Romina Guglielmetti Independent Director
Sector and Competitors
1st jan.Capi. (M$)
PININFARINA S.P.A.-16.24%85
BYD COMPANY LIMITED46.56%130 830
STELLANTIS N.V.8.65%56 428
FERRARI N.V.11.91%48 285
SAIC MOTOR CORPORATION LIMITED-16.04%37 307
MARUTI SUZUKI INDIA LTD-4.24%29 539