VinFast Partners with Al Mana Holding for Exclusive EV Distribution in Qatar

SAUDI ARABIA : In a key step to broaden its global expansion strategy, VinFast has announced a significant partnership with Al Mana Holding. With this collaboration, Al Mana Holding will emerge as the exclusive distributor of VinFast electric vehicles (EVs) in Qatar.

 

• Al Mana Holding will be the sole distributor of VinFast EVs in Qatar, with a new dealership opening in Doha by the third quarter of 2024.

• The new dealership will feature the VF 6, VF 7, VF 8, and VF 9 models, as the brand expands to the automotive market in Qatar.

 

VinFast’s decision to partner with Al Mana Holding demonstrates its commitment to expand its footprint in the automotive market in the Middle East. Al Mana Holding, a well-established conglomerate in Qatar since the 1950s take advantage of its extensive experience and strong market presence to introduce VinFast’s electric SUVs to consumers in Qatar.

This partnership is likely to significantly impact the automotive market in Qatar. With this deal, both companies enter into a relationship of shared vision and sustainable future. The promising deal will provide customers in Qatar with advanced EV technology, while contributing to the environmental goals of the country.

How will the partnership take place?

As a part of the new partnership, Al Mana Holding will manage the distribution network of VinFast in Qatar. It will offer a comprehensive range of services and support for the electric vehicle lineup. This move comes as a part of the broader strategy of VinFast to transform from a direct sales model to a hybrid model that involves a global dealer network. This shift will potentially enhance VinFast’s market and sales performance in the latter half of 2024.

VinFast’s Global Expansion

In addition to Qatar, VinFast is actively expanding into key international markets. Some of the new markets on its radar include Canada, the United States, Europe, and various countries in Asia, including Thailand, India, Indonesia, and the Philippines. The strategic shift of the manufacturer to establish a robust network of dealers complements its growth worldwide.

About VinFast and Al Mana Holding

VinFast is a subsidiary of Vingroup JSC, based in Vietnam. The brand is dedicated to making electric vehicles accessible to a broad audience. The product range of the company includes electric SUVs, e-scooters, and e-buses.

 Al Mana Holding, a prominent conglomerate of Qatar, has had a notable presence in the automotive sector since 1998. This company will now represent the innovative electric vehicle lineup of VinFast in Qatar.

With this partnership, both VinFast and Al Mana Holding will strive to deliver sophisticated and sustainable transportation solutions in Qatar. Blending technological advancements and environmental sustainability, the deal seems ambitious.