VINFAST will turn away from America and Europe

I think that the losses of Moun and the political tension between the country are increasing, with eva’s societies coming to where they give their money and resources exactly. Today’s news proves.

Welcome back in critical materials, space for the greatest stories in the world of ev. Today, VINFAST turns away from the West because of the huge huge losses in the US and Europe. Yu7 Xiaomi is also sold out for next year, while in July we used the sale of ev. Let’s do it, okay?

If you talk to any evicup outside the United States, there is a common idea that the peak of success is sold outside the domestic market, especially in Europe and the United States. From the race, part of this (especially in China) is eaten by the excessive capacity of the factory. Yet much is because Europeans and Americans usually have a more free tool compared to the rest of the world. Just look at the cars that we consider here normal; The idea that a middle -class household can afford two medium -sized crossover is not normal in the rest of the world. To these brands, success in Europe and America would be a ticket to earn real cash.

VINFAST tried the sediment, but it is clear that it really does not work. It seems that the cars that the brand sells concern the European and US markets, while the losses continue to move. Almot feels as if VINFAST continued exclusively further, because the stubbornness of the founder VINFAST PHAM NAT, who was worth $ 2 billion of his own money to help fund the company’s ambitions. Recent messages from Bloomberg It shows that the brand basically spends $ 1.57 for each profit of $ 1. This meant that VINFAST lost an incredible $ 3.2 billion last year.

On the other hand, VINFAST will pick up steam at other Asian markets. This year he opened a production plant in India. It has also grown in its home country of Vietnam and plans to go to other markets such as Indonesia. The next step is to reduce losses and double victory.

FROM Bloomberg (over Car reports)

“The opening of her first overseas assembly plant in India at the beginning of this month is a decisive piece in Vuong’s Asia. The factory near Toothuku, Indian port city, will be able to produce 150,000 vehicles per year for South Asia, the Middle East and Africa will spend in its initial Indian average. 2 dollars.

In June, the company inaugurated its second Vietnamese plant, which can initially produce 200,000 vehicles and it has been a month since the planned opening of a smaller factory in Indonesia.

The new target markets are “late Bloomers” when it comes to selling EV “But they have huge potential and are currently entering the pulsating phase of growth,” the company said.

Now it is not clear if it will work. In the markets where VINFAST wants to expand, Chinese manufacturers EV (with probable products) or are already there. Now it is a race against time to operate cars before Pham Nhat Vuong runs out. Because he said he would personally support VINFAST UNIL, his own cash registers that are dry.

We have just over 45 days left until the tax credit is EV dead, and it seems that the time limit was to the buyer of the fire EV to decide. People flock to the used EV in herds.

In a new Cox Automotive The message shows how much they have taken:

“Cox Automotive expected strong EVA sales in Q1, because the government motivational approach to sunset in October 1. EV sales in July was strong, initially estimated at the second best month, with sales of over 130,000, which is 20% year -on -year increase.

Now the report says that Tesla is doing heavy lifting, because incentives and reduction of the prices of used models are supposed to sign on the dated lines. Incentives for prices are EVA products used for all used products, but Tesla leads a fee with an incredible 9.4% drop in price compared to last year. This is pushing the prince on the market used and because Tesla is by far the largest brand EV, the effect tends to vomit throughout the market.

When I was in China last July and I was driving Xiaomi Yu7 size Tesla Model Y, it was clear how much winner would be for the Chinese market. As in five minutes, the car had more than 200,000 lockable commands that sold things until 2027.

I cannot, and that it is axed or non -retired, because the SU7 sedan had a similar hype. In fact, the waiting lists for SU7 were still so great that Xiaomi had the buyers overturned their unsatisfied SU7 commands in the tail on Yu7 crossovery without punishment. The brand has recently completed the expansion of production equipment in Beijing, but it will take some time for things to get into operation.

Ask that Xiaomi’s CEO Lei Jun Jun JUMED on social media and told people who are too impatient that he is quite a different purchase because from another brand. Bloomberg Reported about it earlier:

“While Lei said last month that the company was working hard to include production capacity, and asked people to be patient, the buyer also proposed to consider the look differently.”

“If you need to buy, because fast, other Chinese new energy vehicles are quite good,” he wrote on social media in July. The followers should look at the XPEng’s G7 SUV, Li Auto’s i8 Electric Minivan or even Tesla’s Model Y, he said. ”

Is this friendship now for the Chinese automotive industry? Now Jun is gently delicate to customers and slower brands seller? The jury is in it, but we know that Yu7 is a success.

I’m a serial procrastinator. I said I was Gooi to buy EV before the tax credit EV formally dead, yet I hardly looked.

Now it is nice to see that the EV used are so popular, but I think it is nive to think that everyone will be gone by 30 September.

So I can’t help but be: What happens 1 October? Will these cars just stuck there, basically $ 4,000 should be more expensive Thaany? I can’t help but feel that we choose garbage at 29 competition prices. September.

Now it could be the famous last words.