Business Vietnam's VinFast looks to tiny EV, priced at less than $10,000, to change its fortunes This photo released by Vinfast shows Vinfast electric car VF3 at an event in Las Vegas on Jan. 9, 2024.

Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai Phong, Vietnam.

Vinfast is part of Vingroup, whose founder Pham Nhat Vuong became Vietnam's richest man as the group's revenue ballooned more than 50-fold in 2011-2022 to over $5.5 billion.

Vietnam's EV champion VinFast has managed to sell Wall Street on a Nasdaq listing that values the loss-making startup at more than $85 billion, almost twice as much as Ford or General Motors .

In 2022, VinFast sold 24,000 cars globally, a tiny fraction of the deliveries made by the Volkswagen Group and Ford, which sold 8.3 million and 4.2 million, respectively.

Vingroup subsidiary VinFast has opened its new electric vehicle (EV) manufacturing plant in Hà Tĩnh, Vietnam. Located in the Vũng Áng Economic Zone, the facility spans 360,000m 2 and is ...

The Vinfast VF8 is a new electric vehicle from Vietnam that seeks to tempt buyers away from Mustang Mach-Es, ID.4s, Model Ys, and all the other midsize electric crossovers out there.

Business Vietnam's VinFast to build a $2 billion EV plant in India as part of its global expansion A Vinfast VF6 is displayed at the AutoMobility LA Auto Show Thursday, Nov. 17, 2022, in Los Angeles.

Electric vehicle maker VinFast Auto Ltd. said it plans to begin selling two made-in-India cars in the South Asian country later this year, marking the Vietnamese carmaker’s debut in the world ...

VinFast must increase its sales to reduce per unit costs for its sprawling factory in northern Vietnam’s Haiphong province, which has the capacity to make around 250,000 EVs a year but is making ...

Vietnam’s VinFast looks to tiny EV, priced at less than $10,000, to change its fortunes by: ANIRUDDHA GHOSAL, Associated Press Posted: Jun 25, 2024 / 05:06 AM MDT Updated: Jun 25, 2024 / 05:11 ...

HANOI, Vietnam (AP) — Vietnamese automaker VinFast, for a short time the third-most valuable car company in the world, has a big problem: It just can’t sell enough cars.