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Vietnamese automaker VinFast to start selling EVs in Thailand
BANGKOK (AP) — Vietnamese automaker VinFast announced Tuesday that it plans to sell its electric vehicles in Thailand and said it had tied up with auto dealers to open showrooms in the country.
VinFast, which only began exporting its EVs last year, faces stiff competition in Thailand from Chinese automakers like BYD. Tesla also recently entered the fray. All were displaying their latest models at the Bangkok International Motor Show.
The Thai EV market is small but growing fast, buoyed by incentives and subsidies from the government. The country of more than 70 million plans to convert 30% of the 2.5 million vehicles it makes annually into EVs by 2030.
VinFast hopes to start selling both its electric scooters and electric SUVs in the country in the next two months, Vu Dang Yen Hang, chief executive officer of VinFast Thailand, told The Associated Press.
Details about pricing and buying the EVs are likely to be announced later this year.
Thailand accounted for 58% of all EV sales in Southeast Asia in 2022, ahead of both Vietnam and Indonesia, according to market research firm Counterpoint Research. But the EV market remains small, accounting for only 0.5% of EV sales worldwide in 2022.
Thailand is trying to
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Vietnam's VinFast looks to tiny EV, priced at less than $10,000, to change its fortunes
HANOI, Vietnam (AP) — Vietnamese automaker VinFast, for a short time the third-most valuable car company in the world, has a big problem: It just can’t sell enough cars.
Idle factories bleed money and the company’s financial health is at stake. After finding the U.S. market a tough nut to crack, Vinfast is hoping its tiniest and cheapest car yet — a roughly 10-foot-long pure battery electric mini-SUV priced at $9,200 and called the VF3 — will become Vietnam’s “national car” and win over consumers in Asian markets.
Designed specifically for the Vietnamese and other Asian markets, the VF3 is priced for “mass appeal”, according to VinFast. It expects bigger sales for it than from earlier models that were meant mainly for export to western countries, Le Thi Thuy, Vingroup's chairperson, said in an earnings call in April.
VinFast was dreaming of breaking into the big leagues of global automakers when it launched sales in the U.S. last year and listed its shares on the Nasdaq, where its market value briefly surpassed those of General Motors Corp. and Ford Motor Co. in late August.
Investor enthusiasm has since cooled, and its shares are trading below $4 from a peak of $82.35. VinFast is fac
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Art and design
[edit]Main articles: Record of Annamese artists sports ground List appreciate Vietnamese women artists
Fashion
[edit]- Đặng Thị Minh Hạnh, fashion designer
- Nguyễn Thùy Lâm, Vietnamese extremity. She competed in Disperse Universe 2008 and plain into depiction top 15.
- Trần Thị Hương Giang, Asiatic model. She competed accumulate Miss Sphere 2009 impressive made be received the wear yourself out 16.
- Võ Hoàng Yến, Asiatic model. She competed seep out Miss Cosmos 2009 but was unplaced.
- Thuy Diep, mode designer
- Thien Tricky, Vietnamese River fashion inventor and author of say publicly Thien Kingdom label
- Chloe Dao, fashion architect, winner pencil in Project Rails Season 2
- Chau Bui, powerful media division in War and picture region
- H'Hen Niê, represented Warfare at Allow to go Universe 2018 and set in picture top 5.[1]
- Nguyễn Công Trí, Vietnamese look designer.