Vietnam's electric vehicle market, holding just 15 per cent of the automotive market share, shows promise but faces significant challenges in scaling up due to infrastructure and regulatory obstacles.
Power China, BYD, China Rare Earth Group, Haosen electronic battery company are among the Chinese enterprises planning to make new investments in Vietnam in the near future.
The gross loss of Vingroup’s electric vehicle brand VinFast saw an increase of 7.3 per cent last year when the company expanded its commercial footprint.
Vingroup’s electric vehicle brand VinFast will lead the way for Vingroup’s investments in the Philippines in 2024, beginning with electric car and motorcycle dealerships.
VinFast has broken ground at its electric vehicle manufacturing site in North Carolina, marking a significant milestone toward its global expansion and the company’s supply chain development in North America.
The assistance will support Vietnam’s efforts to achieve net-zero greenhouse gas emissions, and expand high-tech manufacturing industries.
The start price of VinFast's electric scooters Klara in the first batch is reduced by 40 per cent compared to the actual price down to even below $1,000 each unit.
Vingroup's VinFast has just held an inauguration ceremony of its electric motorcycle manufacturing factory which targets to be the most modern in Southeast Asia and launched the first model named VinFast Klara in Hai Phong city.
Data is Updating!
