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The Latest Breaking News from Vingroup

California vs. Trump: The High-Stakes Fight Over Your Next Car

California and other states are fighting to save a 2035 ban on the sale of new gas cars. Plus: Vinfast says it's in it for the long haul.

InsideEVs

Vietnam’s richest man vies to dethrone SE Asia’s ride-hailing king, Grab

Pham Nhat Vuong’s Xanh SM has big ambitions, but critics question its growth potential in fiercely competitive market.

Al Jazeera

2 EV Stocks to Sell Now, Despite the Fed's Big Rate Cut

While the Fed's jumbo rate cut is a positive for the broader markets and the automotive sector, VinFast and Nikola are two EV stocks that still don't look like buys.

Barchart

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VinFast Delays North Carolina EV Plant To 2028 Over 'Economic Headwinds' And Not Any Other Reasons

The Vietnam-based startup automaker, already plagued with notorious reviews and scandals back home, is pushing back its U.S. factory.

InsideEVs

Vietnam's VinFast looks to tiny EV, priced at less than $10,000, to change its fortunes

Vietnamese automaker VinFast has a big problem: It just can’t sell enough cars

The Independent UK

VinFast Stock Forecast: Here’s the Good, the Bad, and the Ugly

VinFast stock is trading near its record lows. Here's the 2024 forecast for this struggling EV company, and the key factors that investors should watch.

Barchart

In Vietnam, VinFast's Critics Face The Police

At least two different critics have been questioned by Vietnamese authorities for criticizing VinFast. What does this mean for the brand's U.S. aspirations?

InsideEVs

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Vietnam, Philippines sign deals on security in disputed South China Sea

Agreements to boost cooperation between coastguards, maritime security and trade likely to anger China.

Al Jazeera

VinFast to Build Billion EV Factory in India

VinFast, the Vietnamese automaker, plans to invest billion in building an electric vehicle factory in India, further expanding its global reach.

Top News

Tesla Bull Ives Sees This Rival EV Startup Shooting Up X% As He Initiates Coverage With ‘Outperform’ Rating

VinFast Ltd. snagged a bullish recommendation even as some on the Wall Street calling for a collapse in stock price

Zenger

Vietnam's Vinfast committed to selling EVs to US despite challenges, intense competition

Vietnamese automaker Vinfast has plunged right into the crowded and hypercompetitive U.S. auto market, gambling that if it can sell its electric vehicles to finicky Americans, it can succeed anywhere

The Independent UK

VinFast, Vietnam's answer to Tesla, unveils a $623M quarterly loss almost 2 months after its wild Nasdaq debut

Over half of VinFast's sales last quarter were to a taxi company owned by the EV maker's founder, Pham Nhat Vuong.

Fortune

Loss-making carmaker VinFast valued at more than Ford and BMW

Company founded by Vietnam’s richest man achieved $85bn valuation despite scathing early reviews of its electric vehicles

The Guardian - UK

The little-known Vietnamese electric vehicle maker that’s now valued at more than Ford or GM

EV maker, which has been in losses, opened at $22 but closed above $37 each in first day of trading

The Independent UK

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InsideEVs

VinFast Expects Sales Surge, Sees Opportunity To Break Even

VinFast recently said it will hit the US stock market via a SPAC that will close this year. This is the first guidance the company has provided since then.

Bangkok Post

Central 'eyeing Vietnamese mall operator'

Thailand’s Central Group is said to be a possible candidate to acquire a stake in the shopping mall arm of Vingroup, Vietnam’s largest conglomerate, five sources told Reuters on Wednesday.

InsideEVs

VinFast Delays Its US EV Plant, Says It Needs More Time

The original plan was to have the $4 billion facility in Chatham County, North Carolina operational by July 2024, but now the Vietnamese Vingroup cited a procedural delay.

InsideEVs

VinFast Founder Stops Putting His Own Money Into The EV Maker

Billionaire Pham Nhat Vuong has no plans as yet to invest more into VinFast even though the firm falls behind on US factory construction plans and cuts staff.

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InsideEVs

VinES And Gotion High-Tech Build LFP Battery Factory In Vietnam

VinES Energy Solutions Joint Stock Company (VinES) and Gotion High-tech officially broke ground at the joint venture battery factory in Vietnam.

InsideEVs

VinFast Exports First Electric Cars From Vietnam To The US

On November 25, VinFast held a ceremony to mark its first batch of exports of all-electric cars to international markets.

Bangkok Post

EV Startup VinFast Hits U.S. With Novel Pricing Strategy

Vietnam's Vingroup JSC became a corporate juggernaut in its home country, operating everything from luxury resorts to hospitals, shopping malls and supermarkets.

InsideEVs

VinFast Set To Open 30 California Showrooms By End Of Year

VinFast is set to open the first six of its 30 planned California showrooms next week. The automaker is hoping for its first US deliveries later this year.

InsideEVs

VinFast To Invest $4B In New EV And Battery Plant In North Carolina

The site in Chatham County will build electric cars, buses and batteries, creating up to 7,500 jobs when the full capacity of 250,000 EVs a year is reached.

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