Vietnam

Vietnamese EV automaker VinFast has just secured more funding to continue its operations. VinFast has been offered a loan for billions more from its parent company, Vingroup, including a $2.1 billion “sponsorship” from the Group’s chairman, Pham Nhat Vuong. All this is to achieve a break-even point and cash flow balance by the end of 2026.

Vietnamese automaker VinFast has officially launched its VF 7 EV in its native country, rounding out a lineup of six initial SUVs covering the A to E vehicle segments. While the initial launch begins in Vietnam, the VF 7 should eventually make its way to the US, and it’s starting at a rather enticing price point.