CNN —Vietnamese electric vehicle company Vinfast is already more valuable than Ford (F) and GM (GM), based on its stock price, despite just entering the US market.
For one thing, when critics got the chance to drive the company’s first US-bound product, the VF8 electric SUV, the resulting reviews weren’t what any automaker would hope for.
The VF-8 electric vehicle from VinFast, a Vietnamese automaker producing electric cars and SUVs, is displayed at their showroom in Santa Monica, California, on September 13, 2022.
In 2022, VinFast sold 24,000 cars globally.
By comparison, Volkswagen Group sold 8.3 million vehicles in 2022 and Ford sold 4.2 million.
Persons:
”, Miguel Cortina, MotorTrend, Arstecnica, ” VinFast, Apu Gomes, Cortina, VinFast, VinGroup, Vinhomes
Organizations:
CNN, Ford, GM, Getty, Paris, South, Hyundai, Kia, Volkswagen Group, VinGroup
Locations:
Santa Monica , California, AFP, California, Vietnam, VinUni