What do durians, lobsters and snow have in common? They are all delivering economic dividends during an upbeat year for China’s ties with Vietnam. Off and on since the 1970s, ships from the two nations have faced off in disputed parts of the South China Sea, sparking occasional mishaps and strongly worded diplomatic declamations. But […]
Vietnamese electric vehicle (EV) startup VinFast has announced plans to build an additional production facility in its home country, which is expected to double the company’s output and help meet increasing demand. On Sunday, VinFast said it is looking to build its second factory in Vietnam, which it says will produce 300,000 vehicles per year, […]
After dealing with things like arrests over false complaints of rental thefts and a bad EV bet that’s seen a massive sale of a bunch of cheap Teslas, Hertz has another problem on its hands, at least at one of its locations. Workers at a Hertz in Syracuse, New York, abandoned their posts, resulting in […]
Photo: VinFast When we first drove the VinFast VF8, we weren’t impressed. Our headline said it was “simply not ready for America,” and the criticism only got worse from there. VinFast clearly rushed the development process and didn’t have a remotely competitive product to offer. Supposedly, the Vietnamese automaker planned to improve the VF8 over […]
Vietnamese electric vehicle (EV) maker VinFast has announced a new funding commitment from its parent company, Vingroup, as it aims to make its EVs profitable in the coming years. VinFast has said it will gain an additional round of funding from Vingroup by 2026, valued at 85 trillion dong (~$3.35 billion), according to a report […]