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Tesla confirms Vietnam entry to take on VinFast and its 36% market share

Tesla Vietnam

Tesla has started hiring in Vietnam, and one of its recruiters says the company is now “officially coming” to the country. The five open roles include a sales manager, a service manager, and a charging project developer.

It’s a tough market to walk into. VinFast, the local all-electric automaker, has sold roughly 36% of every new car in Vietnam this year, more than its next five competitors combined.

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This electric car company just produced its one millionth electric motorcycle

When most people in North America or Europe hear the name VinFast, they probably think of the Vietnamese electric car company trying to break into international markets with a lineup of electric SUVs.

What many don’t realize is that VinFast is already a giant in another corner of the EV industry: electric two-wheelers.

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VinFast secures a $1.4 billion loan from parent Vingroup, plus another $2.1B from its chairman

VinFast loan

Vietnamese EV automaker VinFast has just secured more funding to continue its operations. VinFast has been offered a loan for billions more from its parent company, Vingroup, including a $2.1 billion “sponsorship” from the Group’s chairman, Pham Nhat Vuong. All this is to achieve a break-even point and cash flow balance by the end of 2026.

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VinFast’s (VFS) global EV dealer network grows following new agreement in Middle East

VinFast Middle East

Following recent Q4 2023 results that relayed a miss on annual delivery targets, Vietnamese EV automaker VinFast continues to bolster its global presence with the help of distribution specialists. Today, VinFast and a local dealer network in the Middle East signed an agreement to bring the former’s EVs to the region.

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VinFast (VFS) unleashes ‘Wild’ EV pickup concept, announces plans to sell VF 3 mini SUV in US

Vietnamese EV automaker VinFast set the tone at the Las Vegas Convention Center this morning, detailing the first product announcement of day one in the West Hall. In addition to officially launching its line of Drgn Fly E-Bikes, VinFast shared plans to sell its ultra-compact VF 3 globally, and pulled the sheet off a pickup truck concept called the VF Wild.

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