EDAG, has announced that it has been awarded a contract by VinFast Manufacturing and Trading Company for the complete development of the first electric vehicle for the Vietnamese market.

The startup company of the Vietnamese Vingroup plans to capture a significant share in the auto markets in Vietnam and others with two conventionally powered vehicle models and a fully electric city car.

"We are proud that VinFast has chosen to appoint us as the overall engineering partner to work on their trendsetting electric vehicle project," said, Cosimo De Carlo, CEO of the EDAG Group.

"Our all-round skills in vehicle and production plant development coupled with our expertise in the fields of eMobility, car IT and electrics/electronics inspired the confidence of our customer VinFast. Our standing as an independent engineering service provider with international experience predestines us to go new ways at high technical levels and turn innovative concepts into marketable products."