Posted on 08/15/2023 12:29:44 AM PDT by cba123
Vietnamese electric vehicle maker VinFast is expected to list on the tech-focused Nasdaq on Tuesday morning in New York, following completion of its merger with the U.S.-listed special purpose acquisition company Black Spade Acquisition.
(Excerpt) Read more at cnbc.com ...
—
As a comparison, VinFast’s 5-seater VF 8 starts from $46,000 while the basic Tesla 5-seater Model Y is priced from $47,740.
Tesla passenger vehicles are eligible for a $7,500 federal tax credit in the U.S., while VinFast vehicles don’t currently qualify for the tax savings as they’re not built in the U.S.
To compete with brands in the U.S. market, VinFast is building a factory in North Carolina. The automaker said the 1,800-acre facility is designed to produce up to 150,000 vehicles a year in the first phase.
The factory is expected to start operations in 2025 — a year later than its initial target of 2024.
“With the North Carolina plant, we expect that we’d be able to significantly reduce the costs and [offer] the products at affordable pricing to the customers in the U.S.,” Le said Tuesday.
the 1,800-acre facility ...
3 sq. miles?
Sounds unsustainable. A pox upon jomma Erf.
I’d be reluctant as hell to actually buy a Nam-mobile, but with that said, their vehicles are pretty darned attractive.
Not an EV but a GV.
Vietnam is more capitalist than the US these days.
EV.
The first two letters in the word, evil.
EV is a dead-end
Beautiful cars. Who would have thought that we would be selling Chinese and Vietnamese vehicles nowadays? If you said that you will be selling Chinese and Vietnamese cars in 2024 in 1970s, you would be laughed at. What will be next? Iraqi or North Korean vehicles?
IF you think that we had “SUPPLY CHAIN” issues with plywood & Toilet Paper—Wait until there are NO PARTS AVAILABLE for your new EV.
True...
46-47k dollars is what I paid for a three bedroom/two bath house with a separate two car garage on a 1/3 acre in SW Miami in the late 1970s.
They are good looking cars.
Nope.
VinFast is definitely in this to make very good cars.
Just watch.
😎
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.