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|The VinFast buys automobile testing centre in Australia|
On September 9, VinFast and GM Holden signed an agreement to buy Lang Lang Testing Centre in Australia. The centre will serve to test new VinFast products.
While the dealvalue has not been disclosed yet, according to industry experts, the value of the property is $15-20 million.
Established in 1958 on an 872-hectare site on Westernport Bay, 90 minutes’ drive south-east of Melbourne, Lang Lang’s 44km of test roads include a 4.7km high-speed oval and a 5.5km ride and handling course. The site also includes an emissions laboratory. It was most recently upgraded in 2018.
Previously, in June, VinFast officially organised a grand opening ceremony for its office in Australia after several months of operation.
Located at Melbourne city of Australia, VinFast Australia will study and develop new automobile models and set a solid base for VinFast's overseas expansion plans.
VinFast Australia started operations in early 2020 with the key facility of an automobile technology institute. The institute employs nearly 100 official staff, including experts, technicians, and engineers from the world’s leading car makers General Motors (GM), Toyota, Ford, Jaguar, and Land Rover, among others.