VinFast Expects Sales Surge, Sees Opportunity To Break Even via insideevs.com
With all of that said, Vuong is well aware of the competition and the current economic crisis. He made it clear that the market will need to improve before VinFast, much like many other companies, can have notable success.
The EV maker enjoyed early donations of some $2.5 billion from Vingroup and Vuong himself. Vingroup had funded VinFast to the tune of some $8 billion by the end of 2022, though the automaker hasn't shown a profit. Clearly, in addition to the upcoming SPAC merger, VinFast will need to come up with ways to accumulate funds.
Vingroup shared in a recent written presentation that the upcoming stock listing will open up new global fundraising opportunities. More specifically, it pointed to opportunities for VinFast to benefit from global markets.YouTuber Kim Java Checks Out VinFast VF 8 In Family Impressions Video VinFast already started delivering its VF 8 EV to buyers in California in March. However, not only did it face delays, but the company also had to admit that the early cars wouldn't come with the estimated driving range that was previously promised. More recently, VinFast exported more VF 8s to the US with more range. The company aims to open a US factory in North Carolina in 2025.
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