VinFast is the latest in a crop of new automakers hoping to emulate EV market leader Tesla. But it's up against long odds.
slashed prices
Its initial shipment of 999 cars arrived in the U.S. at the end of December, but many early reservation holders were disappointed, judging by discussions onThat's because the first batch of VF 8s, a previously unannounced "City Edition," came with a smaller-than-expected battery and a driving range of only 179 miles.
It's owned by billionaire Pham Nhat Vuong, who got his start selling fast-cooking ramen noodles in Ukraine in 1993,The $39 billion conglomerate includes Vinpearl luxury resorts, VinWonders amusement parks, Vinhomes housing developments, Vincom shopping centers, and the non-profit Vinmec health system.
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