VINFAST PARTNERS WITH AKF-BANK TO ACCELERATE DEALER NETWORK EXPANSION IN GERMANY

Rhea-AI Summary

VinFast (NASDAQ: VFS) has formed a strategic partnership with akf-Bank to provide tailored financing solutions for VinFast dealers in Germany. The cooperation aims to support dealer growth, ease inventory financing, and facilitate sales to private and fleet customers, accelerating electric vehicle adoption and VinFast’s dealer network expansion.

Key Terms

smes, b-segment, d-segment

3 terms

smes financial

"As a reliable partner to SMEs, we want to support VinFast dealers"

Small and medium-sized enterprises (SMEs) are businesses with a limited number of employees, revenue, or assets compared with large corporations; exact size cutoffs vary by country or industry. They matter to investors because they are a major source of economic growth and can offer higher growth potential or niche exposure, but they often carry different risk and liquidity profiles than large-cap companies — like choosing a neighborhood shop versus a national chain.

b-segment technical

"the VF 6 electric SUV (B-segment)"

A car market segment for small passenger vehicles defined by compact dimensions, modest engine size and lower price points, often called subcompact or supermini. For investors, it identifies a high-volume, price-sensitive part of the auto market that influences production scale, margins, and exposure to fuel-economy and emissions rules. Think of it as the hatchback/small-sedan aisle in a showroom: designed for city use and mass sales.

d-segment technical

"the VF 8 electric SUV (D-segment)"

D-segment is a vehicle classification used mainly in Europe for mid-size or large family cars—roughly the mid-size sedan or wagon category in other markets. It matters to investors because this segment has its own typical price points, sales volumes and profit margins; tracking D-segment demand and competition is like watching the performance of a store’s middle shelf, showing how well automakers sell mainstream, higher-value passenger cars.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• Strategic partnership provides support for VinFast dealers and the continued expansion of VinFast's dealer network across Germany.
• The joint automotive financing expertise with VinFast's e-mobility ambitions aims to accelerate EV adoption.

PARIS, July 28, 2026 /PRNewswire/ -- The 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 sales to both private and fleet customers.

VinFast dealers will also benefit from akf-Bank's individually tailored financing concepts, providing greater financial flexibility and helping them navigate changing market conditions with confidence.

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."

The agreement marks another milestone in VinFast's growth in Germany as the company continues to expand its retail presence across Europe.

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, to offer customers a convenient and worry-free ownership experience, VinFast has partnered with Mobivia, a leading European after-sales provider whose brands include Norauto in France and ATU in Germany, as well as charging partner Plugsurfing. These partnerships give customers access to an extensive network of workshops, service centres, technical facilities and charging services across the region.

 

About VinFast Auto Ltd.

VinFast (NASDAQ: VFS) - a subsidiary of Vingroup JSC - is Vietnam's leading automotive company, committed to its mission of creating a green future for everyone. VinFast offers a range of electric cars, e-scooters, e-bikes, and e-buses in Vietnam and exports to key markets across Asia, North America, Europe and the Middle East.

Learn more at: https://vinfastauto.eu/

About akf-Bank

akf-Bank is a specialist financier with a focus on asset-based financing solutions for companies, especially in the machinery, vehicle and technology sectors. As a medium-sized company, akf-Bank is the first financing partner for medium-sized companies. With a wide range of investment, sales and purchase financing, akf-Bank supports customers, dealers and manufacturers along the entire value chain.

The bank, headquartered in Wuppertal, is part of the Vorwerk Group and combines the stability of an established group with the flexibility of a specialized SME financier. In addition to classic leasing and hire-purchase models, akf-Bank develops structured financing solutions for future-oriented business models, such as "as-a-service" concepts or usage-based billing models.

Overall, the product portfolio of akf-Bank and its sister companies akf-Leasing and akf-Mobility includes innovative forms of credit, capital-saving leasing variants, flexibly designed hire purchase and factoring to optimise operational liquidity. In addition, akf-Bank offers private customers attractive, secure and easily available investment products.

akf-Bank is independent, flexible and has been successful in various industries for 58 years now. These include the metal and plastics industry as well as printing and paper processing as well as manufacturers and dealers of passenger cars, commercial vehicles, yachts and agricultural technology. New growth areas of akf-Bank are the future areas of mobility, renewable energy and robotics, in which akf-Bank supports companies with innovative financing solutions.

Through the combination of industry know-how, technological affinity and lean decision-making processes, akf-Bank sees itself as a long-term financing partner for companies.

Since its brand relaunch on July 1, 2026, the Wuppertal-based specialist bank has made its affiliation to the Vorwerk family group even more visible. This strategic step sets an example of stability and belonging and underlines the claim to focus even more strongly as a partner for SMEs.

More information under www.akf.de and www.akf-Mobility.de

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SOURCE VinFast

FAQ

What is the new VinFast (VFS) partnership with akf-Bank in Germany?

VinFast has partnered with akf-Bank to offer tailored financing solutions for VinFast dealers in Germany. According to VinFast, the cooperation supports dealer inventory financing and sales to private and fleet customers, aiming to expand its dealer network and accelerate electric vehicle adoption across the country.

How will the VinFast and akf-Bank cooperation support VinFast dealers in Germany?

The cooperation gives VinFast dealers access to akf-Bank’s automotive retail financing expertise and tailored concepts. According to VinFast, these solutions help finance vehicle inventory, provide greater financial flexibility, and support dealers at different growth stages while they navigate changing market conditions and expand electric vehicle sales.

Which electric vehicles does VinFast (VFS) currently offer in Germany and Europe?

VinFast currently offers the VF 6 B-segment electric SUV, the VF 8 D-segment electric SUV, and electric buses in Germany and Europe. According to VinFast, these products support its broader strategy to grow its retail presence, strengthen brand visibility, and address increasing customer demand for e-mobility.

How is VinFast (VFS) expanding its dealer and sales network across Europe?

VinFast is expanding its European sales network through partnerships with dealers and distributors in key markets. According to VinFast, this strategy aims to strengthen operational performance, grow brand presence, and meet rising customer demand, with Germany highlighted as one of its key European markets for long-term growth.

What after-sales and charging partnerships support VinFast customers in Europe?

VinFast has partnered with Mobivia for after-sales services and Plugsurfing for charging solutions across Europe. According to VinFast, these partnerships provide access to extensive workshop, service centre, technical facility, and charging networks, designed to offer customers a convenient and worry-free electric vehicle ownership experience in multiple European countries.