Free Republic

A number of electric car manufacturers in Vietnam plan to launch mini models, with the world increasingly interested in and strongly committed to reducing emissions. After signing a strategic cooperation agreement with the joint venture of General Motors and SAIC-Wuling on the manufacturing, assembling, and exclusive distribution of electric vehicles (EVs) in Vietnam, Hoang Minh Dong, director of TMT Motor, said the company would officially launch two versions of the Wuling HongGuang Mini EV and announce its sales policy on June 29-30 in Hanoi and Ho Chi Minh City. The Wuling HongGuang Mini EV includes a standard and fully enhanced...

VinFast will unveil the entry-level VF 3 SUV at January’s CES 2024 event in Las Vegas, together with a new concept. … VinFast recently revealed that U.S. dealers have expressed plenty of interest in the VF 3, in part because it could hit the market for less than $20,000 and that’s before the $7,500 EV tax credit when leased. CES will be the first time that Americans can see the VF 3 in the flesh. It is just 122.5 inches (3,114 mm) long and while it only has two doors, it claims it has enough interior space for five occupants....

Vingroup’s Chairman, Mr. Pham Nhat Vuong, announces that he will donate 99.8 percent of VinES Energy Solutions Joint Stock Company’s shares to VinFast. The merger is designed to enhance VinFast’s self-sufficiency in battery technology and its production chain, while increasing its competitive edge in the ever-growing electric vehicle market.

Shares of VinFast Auto, a Vietnamese electric-vehicle start-up, are rising after picking up a new bullish rating on Wall Street. Tuesday, Wedbush analyst Dan Ives launched coverage of VinFast stock (ticker: VFS) with a Buy rating and a $12 price target. That values VinFast equity at about $25 billion. Ives also rates Rivian Automotive stock (RIVN) at Buy with a $25 price target. That target values Rivian equity at just under $25 billion. (Bullish)

VinFast Auto Ltd. (the "Company" or "VinFast") (NASDAQ: VFS) today at Electrify Expo 2023, announced its aggressive plans for expansion across the U.S. with more than 70 dealer applications in hand. Updates on dealer agreements are expected to be announced in the coming months, which should allow VinFast to start distributing its EVs through 125 points of sales nationwide. This is a step forward affirming VinFast's commitment to expanding its business network and quickly making electric vehicles accessible to more consumers. The Company is planning to distribute its electric vehicle models at hundreds of points of sales by the end...

Following its SPAC merger in August, shares of VinFast Auto (NASDAQ:VFS) went on one almighty tear, going from its $11.10 debut price to $93 over the space of two weeks, with the Vietnamese electric vehicle (EV) maker’s market cap soaring to $190 billion at some point, making it briefly the world’s third most valuable carmaker, only behind EV colossus Tesla and auto giant Toyota. The comedown, however, as you might expect following such an unlikely surge, has been fast and brutal, with the shares now trading 46% below the debut price. While the improbable former valuation has now come down...

Link to another article, on the VinFast 3, which may be heading to America in one year. Cheap.

Ok this is potentially VERY interesting… Apparently VinFast, is now not only considering sending their VF3 (the new (super)-mini electric car) to America in about a year, but it may even be partly made in America, qualifying it for the $7,500 rebate, in the USA… Meaning the car, which which will actually sell for $20,000 in Vietnam, may actually sell for 12,500 in the USA. I say “may” because I am nowhere near as ready as the original poster, to say it will qualify as-is to be imported to the USA. But it IS a fascinating possibility. Here is the...

VinFast Auto is considering a fifth vehicle for its planned U.S. dealership network: the VF 3 minicar that's specifically designed for the Vietnamese market but could have potential as a sub-$20,000 city car for budget-minded Americans, company representatives told Automotive News. (Sorry the article only seems to include the one paragraph)

A new VinFast earnings report shows the electric car company lost $623 million this summer, with net losses now eclipsing $5 billion since 2021. ****************************************************** Anew VinFast earnings report shows the electric car company slated to receive the largest taxpayer subsidy in North Carolina history lost $623 million this summer, with net losses now eclipsing $5 billion since 2021. The earnings report released Thursday shows VinFast’s revenue swelled 3.8% from the second quarter to $342.7 million, as net losses continued to rise by 20% to $622.9 million, putting the company on track to post its biggest yearly loss in the...

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.

Northern Vietnam’s Red River Delta, the world’s most ambitious electric-vehicle (EV) upstart occupies a factory complex fringed with mango trees and palms. Outside VinFast’s plant by the port city of Haiphong, fishermen in conical hats still plumb mudflats for grass carp and tilapia; inside, each car negotiates an overhead ergonomic conveyor assembly line measuring 2.5 miles. A gauntlet of 1,250 robot arms twirl like pneumatic ballerinas, adding 3,000 components and welding rivet after rivet in a flurry of sparks. Everything here is top of the line: machinery sourced from Germany, Japan, Sweden. Welding is 98% automated. Capacity is 250,000 cars...