According to the new decision, VinSmart will stop developing televisions and mobile phones and switch to developing smart features on vehicles and houses.
Vingroup said that VinSmart will focus its resources on developing electronic products and information – entertainment – service features (Infotainment) for VinFast cars. This is considered a strategic step to bring VinFast towards the goal of becoming one of the most convenient and smart electric car companies in the world.
In which, the key is to develop the ‘Infotainment’ features for VinFast cars. With nearly 150 Infotainment features about to be equipped, VinFast cars will bring different utilities, creating a competitive advantage in the global auto market.
The next task is to focus on the research, design and manufacture of electronic components, electric battery cells, complete electric battery systems and electric motors of all kinds, in order to increase the localization rate. and ensure a high-quality supply for VinFast.
In addition, VinSmart will also continue to promote current research areas on Smart Cities – Smart Homes and related IoT devices to bring a superior living experience to users.
Established in June 2018, VinSmart is one of the two main companies operating in the production department of billionaire Pham Nhat Vuong, along with car and electric vehicle manufacturer VinFast.
In 2020, VinSmart has sold nearly 2 million mobile phones, an increase of more than 200% compared to the previous year’s sales and accounting for nearly 13% of the market share in Vietnam. This is the first time a Vietnamese phone brand is in the top of the largest manufacturers and consumers in the market.
VinSmart also first recorded revenue from outsourcing and manufacturing original equipment for foreign partners.