New Energy Vehicles (NEVs) in China

SteelBird

SteelBird

Colonel
@AssasinsMace Follow up the story of VinFast. This morning, the VinGroup had annual shareholders meeting. During the meeting, Mr. Pham Nhat Vuong, the CEO of VinGroup, answered question of a shareholder like this:

"Rất nhiều người hỏi tôi tại sao Vingroup làm VinFast, sản xuất ôtô quá khó, chưa kể Vingroup bắt đầu với con số 0", ông Vượng mở đầu phần chia sẻ về lý do Vingroup thành lập VinFast. Theo ông, lý do bắt đầu của dự án này không xuất phát từ mục đích kinh doanh, mà do muốn đóng góp cho xã hội.

Google translate:
"A lot of people ask me why Vingroup makes VinFast, making cars is so difficult, not to mention Vingroup starts with zero," Mr. Vuong opened the part about the reason why Vingroup founded VinFast. According to him, the reason for starting this project is not from business purposes, but from wanting to contribute to society.

Full story in Vietnamese language:
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Lnk111229

Lnk111229

Junior Member
Registered Member
SteelBird said:
@AssasinsMace Follow up the story of VinFast. This morning, the VinGroup had annual shareholders meeting. During the meeting, Mr. Pham Nhat Vuong, the CEO of VinGroup, answered question of a shareholder like this:
Click to expand...
Only most naive Viet is believe in Pham Nhat Vuong. His money basically come from shady deal with local politicians to steal the best land block in every city with cheapest price. Build houses and sale back to people with the sky rocketed price. And his contribute to society is another big piece of sh*t after fail thing like Vinsmart Vinpro Vinmart.
 
B

BlackWindMnt

Captain
Registered Member
KYli said:
Vinfast has the worst review for a new car this year. The company is so desperately wanted to sell its cars that it ignores the facts that the EV has so many problems need to fix before putting it into the market.
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Dam how can a company release such a bad car...
Did they do absolutely zero market research or testing?
 
K

KYli

Brigadier
BlackWindMnt said:
Dam how can a company release such a bad car...
Did they do absolutely zero market research or testing?
Click to expand...
Vinfast needs to urgently release the car in order to pull off a SPIC stock listing on NYSE. Vingroup and its boss have already forced to invest and loan Vinfast extra $2.5 billion to keep Vinfast afloat. That's why it doesn't want to fix all the problems as it would delay Vinfast's cars from entering the market.

Even if Vinfast EVs don't perform well, as long as Vinfast can pull of a SPIC listing then their shareholders can pump and dump stocks and make a quick run to cash out for a profit. Otherwise, everything would be lost as EV industry has become more and more competitive by the day and many small players would be forced to be shut down. Vinfast for its shareholders is mostly serving money laundering purpose than selling cars.
 
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