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· Ryan General
VinFast opens 1st California dealership after dropping direct sales model
VinFast has opened its first California dealership in San Diego, expanding its retail presence in the U.S. after ending its direct-to-consumer sales model. Dealership operations: The location, operated by Sunroad Automotive Group, will offer sales, leasing, test drives and…
· Bryan Ke
Vingroup grants VinFast $1.4 billion loan as losses continue
Vietnam’s leading EV manufacturer, VinFast, secured a loan totaling 35 trillion Vietnamese dong ($1.4 billion) from its parent company, Vingroup. A Vingroup representative stated that the funding aims to “alleviate short-term financial pressure” on the EV maker and to equip it…
· Bryan Ke
VinFast hopes new mini-SUV EV will mitigate its financial bleeding
Vietnamese electric vehicle automaker VinFast is releasing the VF3, a $9,200, 10-foot-long mini-SUV electric vehicle (EV), in the Asian market as the company scrambles to mitigate financial losses after a dwindling expansion in the Western market. The new EV will first be…
· Michelle De Pacina
US regulators investigate VinFast EV solo car crash that killed California family of 4
U.S. auto safety investigators have launched an investigation into the solo car crash of a VinFast VF8 electric vehicle that killed a family of four in Pleasanton, California. Key points:
· Ryan General
VinFast’s billionaire founder to pump in another $1 billion to reach EV dreams
Vietnamese billionaire Pham Nhat Vuong is doubling down on his investment in electric vehicle maker VinFast. Key points:
· Bryan Ke
VinFast launches $2600 electric bike for US market
Vietnamese electric vehicle maker VinFast aimed to merge Vietnamese and American cultures for its VF DrgnFly electric bike, set to launch in the U.S. Key points:
· Michelle De Pacina
VinFast reports $2 billion loss in 2023 despite 90% increase in revenue
Vietnamese electric vehicle (EV) manufacturer VinFast has reported a net loss of over $2 billion in 2023 despite a 90% increase in revenue. Falling short: VinFast, which aims to compete internationally with global EV giants like Tesla, fell short of its sales target. Although…
· Michelle De Pacina
Vietnamese EV maker VinFast unveils electric pickup truck concept
VinFast, Vietnam’s leading electric vehicle (EV) manufacturer, unveiled its electric pickup truck concept at the 2024 Consumer Electronics Show (CES) in Las Vegas. Unveiling the pickup: The new electric vehicle concept, the VF Wild, marks VinFast‘s first venture into the pickup…
· Carl Samson
VinFast opens first US dealership in North Carolina
VinFast launched its first American car dealership in North Carolina this week. About the dealership: Leith VinFast, operated by the Raleigh-based Leith Automotive Group, opened at 2000 Auto Park Boulevard in Cary on Thursday. The new dealership marks the Vietnamese electric…
· Bryan Ke
VinFast reports $623 million net loss despite EV sales of $342 million
Vietnamese electric vehicle (EV) maker VinFast has reported a significant year-on-year revenue net loss two months after the company made its Nasdaq Global Select Market debut. Key details: VinFast closed the third quarter in September with a net loss amounting to $623 million,…
· Bryan Ke
Vietnamese EV maker VinFast to begin shipping vehicles to Europe: report
Vietnamese electronic vehicle (EV) manufacturer VinFast is reportedly planning to ship thousands of its VF8 crossovers to Europe later this year. Revealing the plan: A person claiming to be familiar with VinFast’s plan for the European market allegedly told Reuters on Thursday…
· Bryan Ke
Vietnamese EV maker VinFast to import new crossovers for US market
Vietnamese electric car manufacturer Vinfast will import three variants of its crossovers to the U.S market to join its already released VF 8. Key details: VinFast is expected to import the VF 9, a three-row crossover, this year, followed by the compact VF 7 and the subcompact…
· Michelle De Pacina
Vietnamese EV maker VinFast is now worth almost as much as Ford, GM combined
Vietnamese electric vehicle (EV) maker VinFast is now valued at $85 billion as the company’s shares skyrocketed with its Nasdaq Global Select Market debut. VinFast’s Nasdaq debut: On Tuesday, VinFast became the largest Vietnamese company listed on the U.S. stock market by market…
· Bryan Ke
Vietnamese EV maker VinFast has only 128 car registrations in US since January
Vietnamese automaker VinFast is struggling in the United States due to a low number of new-vehicle registrations. Registration shortage: Citing data from Experian, Auto News reported that VinFast only received one registration in February, followed by 16 in March, 66 in April…
· Michelle De Pacina
VinFast recalls first batch of EVs in US due to safety risk
Vietnamese electric vehicle (EV) maker VinFast is recalling its first batch of vehicles in the U.S. due to a dashboard display error that poses a safety risk. The safety warning was issued by U.S. authorities after the National Highway Traffic Safety Administration (NHTSA) found…
· Carl Samson
VinFast cuts EV lease prices for first US buyers
VinFast is reportedly slashing the lease price of its VF 8 City Edition model for buyers in California, with deliveries starting on Wednesday. The Vietnamese electric vehicle (EV) maker shipped 999 VF 8s to California in December 2022 to herald its global expansion. The EVs were…
· Ryan General
Vietnamese EV company VinFast to open over 30 showrooms in California
Vietnamese electric vehicle company VinFast is expanding its presence in California with plans for over 20 additional locations in the state. VinFast’s first six showrooms opened in Santa Monica, San Diego, San Mateo, Corte Madera, Commerce and Berkeley in July, while four…
· Editorial Staff
Vietnamese EV automaker VinFast opens 4 new stores in California
Before you read: Vietnamese EV automaker VinFast to open first 6 showrooms in US this week Vietnamese EV maker VinFast ships 999 cars for US debut Vietnamese electric vehicle (EV) automaker VinFast has recently opened new stores in Southern California.
· Ryan General
Vinfast’s first EVs to arrive in US will have only 180 miles of range
Vietnamese EV company Vinfast has irked some American car buyers after it revealed the model it is shipping out is quite different than initially advertised. On Nov. 25, Vinfast announced that it is shipping out two versions of its five-seater SUV called the VF 8. Both versions…
· Carl Samson
Vietnamese EV maker VinFast files US IPO, selects T-Mobile as internet provider
Vietnamese electric vehicle maker VinFast has filed for an initial public offering in the U.S. and selected T-Mobile as its connectivity provider in North America and Europe. Citigroup Global Markets, Credit Suisse, J.P. Morgan Securities and Morgan Stanley are the lead bankers…