EDAG Engineering Group AG: EDAG Develops First Electric Car for Vietnam

DGAP-News: EDAG Engineering Group AG / Key word(s): Incoming Orders

24.05.2018 / 14:00
The issuer is solely responsible for the content of this announcement.

EDAG Develops First Electric Car for Vietnam

VinFast appoints EDAG as overall development partner for its
first battery powered vehicle

Hanoi / Arbon, May 24th 2018

EDAG, the world's largest independent German engineering service provider, has been awarded a contract by VinFast Manufacturing und Trading Company Limited for the complete development of the first electric vehicle for the Vietnamese market. The startup company of the Vietnamese Vingroup plans to conquer the auto markets in Vietnam and beyond with two conventionally powered vehicle models and a fully electric city car. Top quality, affordable cars - this is VinFast's formula for success.

"We are proud that VinFast has chosen to appoint us as the overall engineering partner to work on their trendsetting electric vehicle project," stated 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."


About EDAG

EDAG is an independent engineering services provider to the global automotive industry. The company serves leading domestic and international vehicle OEMs and sophisticated automotive suppliers through a global network of about 60 sites in major automotive centres of the world.

EDAG offers complementary engineering services across its Vehicle Engineering, Electrics/Electronics and Production Solutions businesses. Based on these extensive capabilities, EDAG can support clients across the entire value chain from the original design idea to product development and prototype construction all the way to the delivery of turnkey production systems. As a technology and innovation leader, EDAG also operates established centres of excellence that design landmark technologies for future applications in the automotive industry: lightweight construction, electric mobility, car IT, integral safety and new production technologies.

In financial year 2017, the company generated revenues of EUR 717 million and an adjusted EBIT of EUR 32.6 million. As at 31 December 2017, 8,404 employees (including apprentices) worked for EDAG in 19 countries.


Public Relations
Christoph Horvath
Press Officer EDAG Group
Phone:+49 (0) 661- 6000 570
Mail: pr@edag.de

Investor Relations
Sebastian Lehmann
Head of Investor Relations
Phone:+49 (0) 611- 7375 168
Mail: ir@edag-group.ag

24.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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