Vietnamese EV manufacturer VinFast faces a stock drop, NHTSA investigation, legal disputes, and financial struggles.
VinFast Auto, a Vietnamese electric vehicle manufacturer, faces multiple challenges, including a 9% stock drop due to an NHTSA investigation into a fatal car crash involving their VF8 SUV and a lawsuit in California over unpaid rent for a showroom. The company, which lost $2.3B last year and has $3.1B in debt, faces additional probes for alleged patent violations and a class-action lawsuit by shareholders.
May 21, 2024
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