Vietnam-based VinFast has announced a strategic partnership with afk-Bank to facilitate its sales growth in Germany.
The company says jointly developed financing solutions are designed to meet the needs of dealers at different stages of growth, giving them greater flexibility while supporting the wider adoption of electric vehicles in Germany.
Through the cooperation, VinFast dealers will gain access to akf-Bank's ‘decades of automotive retail expertise’, helping them finance vehicle inventory while supporting
Christian Marti, CEO of VinFast Europe said: "Germany is one of our key European markets, and a strong dealer network is fundamental to our long-term growth. Partnering with akf-Bank supports our retail partners' growth while making it easier for customers across Germany to choose electric mobility."
Rainer Bickel, akf-Bank Sales Director autofinanz, said: "The transformation of the automotive industry opens up new opportunities for manufacturers and dealers. As a reliable partner to SMEs, we want to support VinFast dealers with needs-based financing solutions to successfully develop their business and actively shape the market ramp-up of electromobility in Germany."
In Germany and across Europe, VinFast has introduced the VF 6 electric SUV (B-segment), the VF 8 electric SUV (D-segment) and electric buses. The company is also actively expanding its sales network through partnerships with dealers and distributors in key markets, aiming to strengthen operational performance, grow brand presence and meet increasingly strong customer demand.
In addition, VinFast has partnered with Mobivia, a leading European aftersales provider whose brands include Norauto in France and ATU in Germany, as well as charging partner Plugsurfing. VinFast maintains that these partnerships give customers access to an extensive network of workshops, service centres, technical facilities and charging services across the region.
akf-Bank describes itself as a specialist financier with a focus on asset-based financing solutions for companies, especially in the machinery, vehicle and technology sectors.
The bank, headquartered in Wuppertal, is part of the Vorwerk Group.
