JIAXING, CHINA, June 30, 2025 (GLOBE NEWSWIRE) -- Huachen AI Parking Management Technology Holding Co., Ltd (the "Company") (NASDAQ: HCAI), a comprehensive smart parking solutions and equipment structural parts provider with all operations through its operating subsidiaries in China, is pleased to announce the entry into a non-binding cooperative agreement with Hangzhou Qianhui Electric Technology Co., Ltd ("Hangzhou Qianhui"), a company that is involved in the two-wheeled e-charging business. Background an ...

Core Insights - VinFast has opened its first authorized dealership in California, marking a significant step in its strategy to expand its dealership network across the U.S. [1][5] - The company aims to drive the green transportation revolution in the U.S. by providing high-quality electric vehicles and exceptional services to American consumers [1][6]. Dealership Expansion - The new dealership in San Diego will officially begin operations this month, allowing consumers to explore and purchase or lease the VF 8 and VF 9 electric SUVs [2][4]. - VinFast is actively seeking additional dealership opportunities throughout California, recognizing the state's significant electric vehicle growth potential [4][5]. Sales Model Transition - In late 2023, VinFast introduced a dealership sales model and is transitioning to a franchise dealership model across all 50 states to enhance business efficiency [5]. - The company has established over 30 authorized dealerships in 15 key states, including California, Texas, and New York [5]. Product Offering and Pricing - The VF 8 is priced at a Manufacturer's Suggested Retail Price (MSRP) of $39,900 for the Eco trim and $44,900 for the Plus trim, with leasing options starting at $269/month [6]. - The VF 9 has an MSRP starting at $62,900, with leasing programs beginning at $449/month, and both models are eligible for 0% interest financing [6]. After-Sales Services - The San Diego dealership will provide comprehensive after-sales services, including warranty support, maintenance, and genuine parts [3]. - VinFast is committed to training its dealership staff to ensure a highly skilled workforce knowledgeable in VinFast products and services [3]. Warranty and Market Strategy - All VinFast EV models in the U.S. come with a 10-year or 125,000 miles warranty for the vehicle and a 10-year unlimited mileage warranty for the battery under non-commercial use [7]. - The company is focused on adapting its strategies based on market analysis while pursuing its vision to drive the global green revolution [9]. Global Expansion - VinFast is expanding its presence in high-potential markets such as Indonesia, the Philippines, India, and the Middle East, building on its established presence in North America and Europe [8]. - The company aims to make electric vehicles accessible to everyone, with a diverse product lineup that includes various electric SUVs [10].