2023-08-16 19:25:48
The young Vietnamese manufacturer, valued at $85 billion, exhibited its models in Bangkok (Thailand), during the Future Mobility Asia Exhibition & Conference 2023. Nathalie Jamois/ZUMA PRESS/MAXPPP
The electric car manufacturer has just entered the Nasdaq. He takes all the risks.
Pham Nhat Vuong, the Vietnamese billionaire founder of the Vingroup conglomerate, is jubilant. Present in real estate development, leisure parks, hotel complexes, commerce, education and even health, he bet on making VinFast, a local car manufacturer, a competitor of Tesla. Others broke their teeth there. But Mr. Vuong’s pockets are deep. Vietnam’s richest man, who made his fortune in Ukraine in the 1990s making instant noodles and soups and selling his business to Nestlé, intends to tease Elon Musk, and why not in the United States, on its territory.
Since Tuesday, the leaders of this young automaker are already congratulating themselves on having done a double blow in the United States. With a factory first. On July 28, VinFast celebrated the laying of the first stone of its American factory, located in Moncure, North Carolina. With a capacity of 150,000 units per year for its…
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#American #bet #Vietnamese #Tesla