Vietnamese Carmaker Makes Bold and Risky Move to Challenge Tesla, Ford


It’s a bold and risky bet but it sends a clear message to local vehicle manufacturers: the cards for the American electric vehicle market are not yet completely distributed. There are still places to take (and cards yet to fall). 

Vietnamese electric vehicle maker VinFast has decided to challenge Tesla  (TSLA) – Get Tesla Inc Report, Ford  (F) – Get Ford Motor Company Report, GM  (GM) – Get General Motors Company Report, Rivian  (RIVN) – Get Rivian Automotive, Inc. Class A Report and Lucid Group  (LCID) – Get Lucid Group, Inc. Report on American soil. VinFast will build a factory in North Carolina this year. 

Source link