AAPICO Hitech wins a contract for a major Vietnamese car manufacturer “Vinfast” Production of electric vehicle body parts (EV Car), long delivery contract until 2024, first batch delivered at the end Last Oct. Ready to look at the trend of using EV cars, expanding faster than expected, increasing orders, pushing up production, confident in 2022, the best performance, revenue growth of 30% as planned
Mr. Yeap Soo Chuan, Chief Executive Officer, AAPICO Hitech Public Company Limited or AH, an automotive parts manufacturer Car dealer business and after-sales service center and connectivity and IoT (Internet of Things) technology services business, revealed that AH has been contracted to produce body parts for electric vehicles (EV Cars) from Vinfast Co., Ltd. (Vinfast), a Vietnamese car manufacturer. to prepare for export to the United States The said work has a production and delivery contract until 2024, where the company has started delivering the first batch since the end of October 2022.
Acquisition of EV parts from Vinfast is another important business opportunity for AH in the international market. AH has a good relationship with Vinfast as both partners and business partners. At the same time, the company has produced parts for other car models. Made in Vietnam for Vinfast as well, including parts for opening and closing doors. and plastic parts, etc., resulting in an opportunity to expand the customer base. It is good for creating the potential to increase revenue and profitability in the future.
“The trend of EV car business is very current. Has a leap growth trend And it’s considered that the usage has been pushed faster than expected. While Thailand is still a target for investors interested in expanding the automobile production base in Thailand. It can be seen from the increasing number of customers negotiating with the company that AH can produce parts for customers in the electric vehicle group. Because most automotive parts are similar. only the engine At present, more and more consumers are turning to use EVs because they do not have to bear the high fuel costs. It also helps reduce emissions that cause the greenhouse effect and is friendly to the environment, ”said Mr. Yeap Soo Chuan.
Mr. Yeap Soo Chuan further said that As for the 2022 revenue target, the company is confident that the total revenue will grow by 30% as planned, compared to the year 2021 with total revenue of 20,967 million baht and this year is considered the best growing year. Under the strategy to enhance operational efficiency in the midst of various crises and adapt and fix problems quickly as well as looking for opportunities for continued growth in the future
Vinfast Co., Ltd. (Vinfast) operates as a Vietnamese car manufacturer under Vin Group, Vietnam’s largest conglomerate. Started operations in 2017, VinFast vehicles will be manufactured at a factory in Dinh Vu-Cat Hai Economic Zone in Hai Phong city, producing a wide range of vehicles including sedans, SUVs, electric scooters. and electric buses. VinFast aims to sell 750,000 EVs per year by 2026.
