Every EVXL story tagged “Vietnam” — newest first.
Tesla’s India launch is off to a dismal start. The company has sold just over 100 Model Y units since deliveries began in September, and its new pitch to Indian buyers is that they can recover one-third of the $67,000 price tag through fuel and maintenance savings over four to five years, Reuters reports. The…
Tata Motors predicts India will reach EV-gasoline price parity by 2030, but the company is watching its market share get sliced in half as Tesla, VinFast, and Chinese competitors pile into one of the world’s last remaining growth markets, Bloomberg reports. The timing could not be more brutal. As China’s EV market drowns in overcapacity…
Vietnamese EV maker VinFast reported staggering third-quarter losses of $910.85 million, nearly double the $503 million lost in the same period last year, as the company’s premium pricing strategy crumbles under pressure from cost-efficient Chinese competitors. Despite achieving 47% revenue growth, VinFast’s gross margins deteriorated to negative 56.2%, meaning the company loses more than half…
Hyundai Motor Company introduces the IONIQ 9 Seed Ball Drone Station, transforming its flagship electric SUV into a versatile base for aerial reforestation, leveraging vehicle-to-load (V2L) technology to power drones in wildfire recovery efforts. This innovation extends the company’s Smart Forest Restoration Program, starting in Korea’s Uljin region hit by 2022 wildfires, and highlights EVs’…
VinFast Auto Ltd., a Vietnamese electric vehicle (EV) manufacturer, has secured a $510 million private credit loan from Deutsche Bank AG and SeaTown Holdings International to fuel its ambitious global expansion, reports Bloomberg. This financial boost, announced on July 4, 2025, supports VinFast’s mission to compete in the fiercely competitive EV market, where price wars…
On June 29, 2025, Vietnamese electric vehicle (EV) manufacturer VinFast began production at its new Ha Tinh factory, a strategic move to scale up output of affordable mini urban models amid global expansion challenges. The facility, spanning 90 acres, aims to produce 200,000 vehicles annually, complementing the company’s flagship Haiphong plant, which targets 950,000 units…
EV enthusiasts have a new reason to get excited as VinFast, Vietnam’s emerging electric vehicle (EV) maker, launches its first dealership in San Diego, California. The move, announced on Wednesday, marks a strategic shift for the company, backed by Vietnam’s largest conglomerate, Vingroup (VICHM). This dealership opening, set to begin operations this month, reflects VinFast’s…
VinFast is set to electrify the Montreal Electric Vehicle Show (MEVS) 2025, held May 2–4 at IGA Stadium, with a commanding display of its electric SUV lineup. Showcasing the subcompact VF 6, compact VF 7, midsize VF 8, and full-size VF 9, the Vietnamese automaker is doubling down on its mission to deliver sustainable, high-performance…
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