When VinFast rolled out its electric vehicles last year, it certainly raised a lot of eyebrows. After all, Filipinos have yet to fully embrace brands from China. Now, here comes a badge from Vietnam—offering electric vehicles, no less. So, essentially, there are two major roadblocks for VinFast in its bid to conquer a Philippine automotive market that remains deeply…
NEW DELHI — Automakers are lining up new electric car models in India — where stricter emission rules are slated to take effect in 2027 — hoping that bigger batteries and swanky features will spark sales in the world’s third largest auto market as EV sales slow down in other developed countries. About 10 new…
Vietnam’s electric vehicle manufacturer VinFast enters the Indian market by unveiling two premium electric SUVs, the VF6 and VF7, at the India Auto Show in New Delhi. The move marks VinFast’s strategic expansion into the world’s third-largest car market, challenging local players like Mahindra & Mahindra and China’s BYD. VinFast Asia CEO, Pham Sanh…
HO CHI MINH CITY — Vietnam’s Vingroup has said it is willing to sell off assets to fund VinFast, its electric vehicle arm, as a backstop to ensure the Nasdaq-listed startup breaks even by 2026. The country’s biggest conglomerate said it would lend up to $1.4 billion to VinFast and that founder Pham Nhat Vuong…
(Bloomberg) — VinFast Auto Ltd. reported a wider loss in the second quarter on a higher impairment charge. The Vietnamese automaker posted a net loss of 18.76 trillion dong ($762 million) in the second quarter of this year, compared with a loss of about 13.4 trillion dong a year earlier, VinFast said in a statement….