VinFast will add a second factory in Vietnam to handle anticipated demand for its small and midsized products. The new facility is expected to begin production by July 2025. The move comes even as it delays construction of a U.S. assembly plant.
VinFast
VinFast Finally Begins U.S. Deliveries of 3-Row VF 9 EV
Better late than never, it seems, for Vietnamese EV start-up VinFast, the automaker finally delivering the first batch of its second model-line offerings, the VF 9. But those interested in the 3-row SUV will still find only limited availability through a handful of dealerships in California other states.
VinFast Launches VF 9 With Major Price Cut
Hoping to get it right after a botched launch of its original EV, Vietnamese start-up VinFast is ready to roll its second offering into U.S. showrooms. To increase the appeal of the three-row VF 9, VinFast has slashed the sticker price by more than $10,000 on the base model and $18,000 on the more lavishly equipped Plus package.
VinFast Hits the Brakes, Delays U.S. Plant Opening Until 2028
Vietnamese EV start-up VinFast announced a “prudent,” 3-year delay in the opening of its first U.S. assembly plant. It’s the latest in a series of setbacks for the automaker which suffered a wave of harsh reviews for its initial offering, the VF 8 crossover.
VinFast May Delay, Even Cancel, U.S. Assembly Plant
With its all-electric SUV winning harsh criticism and low demand, Vietnamese automaker VinFast appears to be rethinking its commitment to set up a $4 billion U.S. assembly complex. There’s growing concern the North Carolina facility will be delayed, even cancelled.
VinFast Founder Announces Creation of V-Green
VinFast founder’s new charging company will expand VinFast’s charging capabilities as the company prepares to enter key phase of its business plan.
Rivian Slashes 10% of Salaried Staff, Trims Production as EV Sales Growth Slows
Rivian announced it will slash both its corporate staff and production this year after reporting more than $1.5 billion in losses for the final three months of 2023. Even as it prepares to unveil an entirely new family of battery-electric vehicles, CEO RJ Scaringe warned the nascent automaker “is not immune” to the headwinds battering the U.S. EV market after four years of record growth. Separately, EV startup Lucid also forecast flattening sales after reporting worsening losses.
VinFast Introduces New Concept Pickup truck and Micro-SUV at CES
Vietnamese automaker VinFast hopes to reboot its image at CES 2024 with new dealers and new ideas, including a truck and an electric bike. Check out what the company revealed at the event at Headlight.News.
Shakeup at Troubled VinFast: Vietnamese Automaker Names New CEO, CFO
Since announcing plans to enter the U.S. market, Vietnamese automaker VinFast has faced a series of problems and responded with a series of management shakeups. The latest sees its CEO “transition” to a new job, while founder Pham Nhat Vuong takes over her post. The automaker also said Saturday that it has replaced its chief financial officer.
VinFast Making Moves to Expand in U.S.
After a few hiccups, Vietnamese automaker VinFast is on the move again in the U.S., adding four independent dealers to its network as well as preparing to introduce two concept vehicles at CES that could find their way into those dealerships in the future. Get details at Headlight.News.
Here are the 40+ EVs Coming to Market in 2024
As recently as 2019 you’d have to struggle to find an EV at your local showroom. Today, however, there are more than 50 different nameplates available in the U.S., the vast majority offered with range exceeding 200 miles – and some products doubling that figure. But the pace of introductions is only set to accelerate, with dozens of new battery-electric vehicles soon coming to market. Headlight.News checks out the most interesting and important products debuting in 2024.
Vietnam’s VinFast to Target Europe Even as it Struggles to Gain Ground in the U.S.
Move to put it into competition with Chinese EV manufacturers making incursion into the market. Get the details at Headlight.News.