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Vietnamese EV maker VinFast shifts focus from US to Asian markets like India and Indonesia.
Vietnamese electric vehicle maker VinFast is shifting its focus from the US to Asian markets like India and Indonesia due to slow progress and tariff concerns in the US.
VinFast plans to open plants in India by June and in Indonesia by October.
The company aims to deliver over 200,000 vehicles in Vietnam this year and break even in the local market by 2025.
VinFast’s founder has invested about $1.4 billion into the company and plans to invest an additional $2 billion by 2026.
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El fabricante vietnamita de vehículos eléctricos VinFast cambia su enfoque de los Estados Unidos a mercados asiáticos como India e Indonesia.