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Country: Viet Nam

Vietnamese manufacturer of electric cars

News

VinFast, the Vietnamese manufacturer that is setting Wall Street on fire 16/08/2023

  • VinFast has sold fewer than 20,000 electric cars worldwide to date.
  • The company, founded in 2017, is valued at $85 billion following a listing on the New York Stock Exchange.
  • The manufacturer expects to sell between 45,000 and 50,000 electric cars this year.
  • VinFast posted a net loss of over $2 billion in 2022 and over half a billion in the first quarter.
  • Since its inception, VinFast has spent approximately $9.3 billion.
  • The company plans to build a plant in North Carolina capable of producing 150,000 vehicles a year, and already operates a 300,000-car-per-year facility in Vietnam.
  • VinFast has opened two showrooms, one in Paris and the other in Berlin