Reported 8 months ago
Vietnamese automaker VinFast, facing financial challenges and unable to sell enough cars, unveils the VF3, a small electric SUV priced at $9,200, aiming to become Vietnam's 'national car' and attract consumers in Asian markets. Designed for Asian markets, the VF3 is expected to drive more sales compared to previous models geared for Western export. Despite setbacks in the U.S. market, VinFast is targeting the EV at emerging markets in Asia where demand is high and competition, especially from Chinese manufacturers, is fierce. The success of VinFast's affordable EV is critical to secure its future amid financial struggles.
Source: YAHOO