VinFast: The Vietnamese Automaker Reaching The Top 3 In The Electric Vehicle Market

Written by Bruno Teles

Published on 30/08/2023 at 15:12

Updated on 30/08/2023 at 15:24

Você já ouviu falar de VinFast? Se não, é hora de atualizar o radar. A empresa vietnamita vem causando furor na indústria de veículos elétricos e recentemente recuperou o título de terceira montadora mais valiosa do mundo. Mas como ela conseguiu essa façanha

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Who Would Have Thought That a Relatively New Company from Vietnam, in the Automotive Scene, Would Become the Third Most Valuable Automaker in the World? We Are Talking About VinFast, an Automaker That Has Been Making Waves, Especially When It Comes to Electric Vehicles.

VinFast is not just a storyteller; it is a manufacturer of narratives in the financial market. After its triumphant debut on Wall Street, the company saw its stock prices rise and plummet dramatically. Volatility is an aspect that has accompanied the company, but this has not prevented it from recently reaching a market value of $160 billion.

VinFast vs. Traditional Giants

It is not easy for a newcomer like VinFast to compete with giants like Tesla, GM, Ford, and other traditional automakers. However, its goals are ambitious: to conquer territories in the United States and European markets. This is made clear with the announcement of a $4 billion factory being built in the United States.

The Plan for Electric Vehicles

When it comes to electric vehicles, VinFast has even grander plans. The company expects to sell up to 50,000 electric vehicles this year, representing an almost sevenfold increase compared to 2022. Still, it is a company that needs to prove its worth; especially since its first batch of cars in the U.S. faced challenges such as delays and proposal reductions.

ARTICLE CONTINUES BELOW

The Financial Bubble

The story of VinFast is so incredible that it raises the question: Are we facing a “bubble” in the financial market? Analysts point out that the small percentage of shares available to the public (only 0.3% on Nasdaq) could be inflating its true value. The founder, Pham Nhat Vuong, holds 99.7% of the shares, a fact that only heightens speculation.

VinFast: The Vietnamese Automaker Reaching The Top 3 In The Electric Vehicle Market

Who Would Have Thought That a Relatively New Company from Vietnam, in the Automotive Scene, Would Become the Third Most Valuable Automaker in the World? We Are Talking About VinFast, an Automaker That Has Been Making Waves, Especially When It Comes to Electric Vehicles.

VinFast vs. Traditional Giants

The Plan for Electric Vehicles

The Financial Bubble

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VinFast: The Vietnamese Automaker Reaching The Top 3 In The Electric Vehicle Market

Who Would Have Thought That a Relatively New Company from Vietnam, in the Automotive Scene, Would Become the Third Most Valuable Automaker in the World? We Are Talking About VinFast, an Automaker That Has Been Making Waves, Especially When It Comes to Electric Vehicles.

VinFast vs. Traditional Giants

The Plan for Electric Vehicles

The Financial Bubble

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Australia prepares to dredge 96.5 million m³ in Moreton Bay to deepen, widen, and realign channels of the Port of Brisbane, in a project of up to 25 years designed to accommodate larger ships and enhance maritime safety and regional port efficiency.

Study solves great ancient mystery: remains of Philip II, father of Alexander the Great, are identified in Vergina and resolves the enigma of the Macedonian royal tombs that had lasted half a century.

Larger than the Toyota Hilux and with a towing capacity of 3.5 tons, the new MG U9 2026 features a 2.5 turbodiesel engine, 520 Nm, 4×4 traction with three locks, and an almost full-size build.

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While the world discusses geopolitics, China is quietly closing a deal with its Kazakh neighbor to secure grain supplies during any global food crisis, with more than 3,600 Kazakh companies already able to export directly to the Chinese market.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Amid the United States’ economic blockade, China delivers 15,000 tons of rice to Cuba as part of a 60,000-ton donation personally approved by Xi Jinping. The package includes 80 million dollars and solar panels for hospitals.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.