VinSmart stops producing phones and televisions

Vingroup announced that VinSmart will close the TV and mobile phone segment to focus on developing high technology for VinFast.
Vingroup said VinSmart will focus its resources on developing electronic products and “Infotainment” features for VinFast cars. This is a strategic step to bring VinFast towards its goal of becoming one of the smartest and most convenient electric car manufacturers in the world.

According to the new decision, VinSmart will stop the development of televisions and mobile phones, and switch to the development of smart features on vehicles and houses. In which, the focus is on developing information – entertainment – service (Infotainment) features for VinFast cars. With nearly 150 Infotainment features coming soon, VinFast cars will bring different utilities, creating a competitive advantage in the global auto market. The second task is to focus on the research, design and manufacture of electronic components, battery cells, complete electric battery systems and electric motors of all kinds, in order to increase localization rates. and ensure a high quality supply of VinFast. VinSmart is one of the two main enterprises in Vingroup’s production activities. Photo: Le Trong. In addition to focusing on VinFast, VinSmart will also continue to promote current research on Smart City – Smart Home and related IoT devices to bring superior living experiences to people. use. To put all of their energy into a new direction, VinSmart factories will continue to produce existing phones and televisions until the end of the product’s life cycle to supply the market. Then part of the factory will be used to outsource to partners, while the rest is expanded to adjust to produce new products. Regarding products sold to the market, VinSmart commits to maintain the warranty, repair and care as committed until the day when customers no longer use the product. In particular, a part of the phone software design department continues to research to upgrade and update Vsmart phones that have been sold to the market. “The production of smart phones or smart TVs no longer brings the ability to break through and create different values ​​for users. Meanwhile, the development of particularly smart cars, smart homes, even the creation of smart cities … will bring many benefits and outstanding experiences to mankind. Therefore, we are determined to dedicate all resources to this spearhead ”, said Mr. Nguyen Viet Quang, Vice President and General Director of Vingroup. On May 6, Vingroup announced that it would gather vehicle development forces from overseas VinFast research institutes to its headquarters in Vietnam to ensure the research and development progress and class for new models. Previously, the Group also withdrew from retail, agriculture and aviation to focus on the core priority of cars.