Vinfast DOOMED? – Well, I mean, it doesn’t look great

From FutureAZA.

Note to viewers. If you’re going to be toxic, you’ll be banished. Nobody has time for that. Before leaving a nasty comment, go back and look at these videos:

Playlist of all previous "Are They Doomed?" videos: https://www.youtube.com/playlist?list=PLIOCl9ktVG_U7h0ienQbRKV1zq1KNxJEI

Links from today’s show:
Critics Agree: The VinFast VF8 Is Very, Very Bad. From flaky turn signals to broken ADAS features and a suspension that induces nausea, critics are not impressed with VinFast’s first electric SUV for America.
https://jalopnik.com/everyone-agrees-the-vinfast-vf8-is-very-very-bad-1850432490

VinFast Admits Offering Cash To Matt Farah After Mistaking Him For An Influencer. The cash offer that Matt Farah rejected was on top of a free trip to Vietnam to drive and review the VF8 and VF9

VinFast Admits Offering Cash To Matt Farah After Mistaking Him For An Influencer

Is VinFast Getting Better? Review of VinFast’s VF 8 Innovations and Improvements
https://finance.yahoo.com/news/vinfast-getting-better-review-vinfasts-204500250.html

This VinFast VF8 Ownership Review Is Surprisingly Positive. Despite some noticeable glitches, Out Of Spec host Francie has enjoyed using the VF8 for six months.
https://insideevs.com/reviews/725462/vinfast-vf8-ownership-review/

VinFast Delivers Nearly 21,800 Electric Vehicles in First Half of 2024, Up 92% YoY
https://www.prnewswire.com/news-releases/vinfast-delivers-nearly-21-800-electric-vehicles-in-first-half-of-2024–up-92-yoy-302196221.html

VinFart price and specs
https://vinfastauto.us/vehicles/vf-8

It doesn’t qualify for the IRA credit unless subject to lease
https://fueleconomy.gov/feg/tax2023.shtml

VinFast Is Burning Through Its Founder’s Cash At An Alarming Rate
https://finance.yahoo.com/news/vinfast-burning-founder-cash-alarming-121500486.html

VinFast cashflow
https://finance.yahoo.com/quote/VFS/cash-flow/
https://stockanalysis.com/stocks/vfs/financials/cash-flow-statement/

VinFast Cash on Hand
https://companiesmarketcap.com/vinfast-auto/cash-on-hand/

Vietnamese electric vehicle maker VinFast aims to increase its free float, or shares available to the public for trading, to 10% to 20% by the end of this year from roughly 2% currently, the company’s chairperson said on Tuesday.
https://www.reuters.com/business/autos-transportation/ev-maker-vinfast-aims-raise-free-float-10-20-by-end-2024-chair-2024-01-09/

VinFast and the government of North Carolina announced the signing of the memorandum of understanding (MOU) for the establishment of VinFast’s first North American manufacturing plant. The company intends to invest up to $2 billion in the project’s phase 1, creating thousands of jobs.
https://vinfastauto.us/newsroom/press-kit/vinfast-north-carolina-manufacturing-plant

Recall-plagued EV maker VinFast is betting big on a new U.S. factory. In North Carolina, the company will have to contend with cultural differences and lively labor politics.
https://restofworld.org/2023/vinfast-north-carolina-factory-jobs/

VinFast pushes back North Carolina factory timeline. The EV startup says production is now expected to begin in 2028.
https://www.constructiondive.com/news/vinfast-delay-north-carolina-timeline-ev-production/721668/

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#Tesla #TSLA #EVs

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