Vietnam’s Vinfast committed to selling EVs to US despite challenges, intense competition

By ANIRUDDHA GHOSAL
Associated Press

HAIPHONG, Vietnam (AP) — Vietnamese automaker Vinfast has plunged right into the crowded and hypercompetitive U.S. auto market, gambling that if it can sell its electric vehicles to finicky Americans, it can succeed anywhere. So far, that gamble has yet to pay off. But its CEO told The Associated Press in a recent interview that Vinfast chose the U.S. as a proving ground it hopes will win it customers around the world. The company has sold just over 2,000 EVs in the United States so far. It’s far from attaining its global goal of selling 50,000 this year. But its founder plans to invest another $1.2 billion and the company has plans for factories in the U.S., India and Indonesia.