New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
As though European manufacturers didn’t subsidize their car industries on the way up.
Macron also showing his true colors. As always Indo-Europeans show their hypocrisy when they’re on the losing side while advocating for “free trade” when they’re on the winning side.
Yangwang U8 getting displayed at Greater Bays Area Auto show. To get launched in August & deliver in September. So need a while longer before they build up store fronts and such.
Salty-baes will totally leapfrog China in sodium battery production.
After $9.3 billion investment from parent company and loans from Vietnam financial institutions, Vinfast is no where near profitable and its cars have a lot of problem. Its manufacturing plant in NC is delayed. Now, Vinfast has put on its hope for the SPAC listing in order to find more suckers to cough up more money.
Vuong’s propping up of VinFast has been costly. Parent company Vingroup JSC and its affiliates and external lenders have deployed around $9.3 billion to fund the EV maker between 2017 and the end of March, according to the filing.
The manufacturer also appears to have moved away from a time frame for production at its mooted factory in North Carolina.
In March, VinFast indicated production at the as-yet-unbuilt facility wouldn’t start until 2025. It’s removed that time reference in the latest filing, saying only that pre-construction work on the plant started in the third quarter of last year. The factory is expected to have initial capacity for 150,000 vehicles a year, then ramp up to around 250,000 vehicles a year. The company doesn’t say when it expects to reach those capacity levels.
Vuong’s propping up of VinFast has been costly. Parent company Vingroup JSC and its affiliates and external lenders have deployed around $9.3 billion to fund the EV maker between 2017 and the end of March, according to the filing.
The manufacturer also appears to have moved away from a time frame for production at its mooted factory in North Carolina.
In March, VinFast indicated production at the as-yet-unbuilt facility wouldn’t start until 2025. It’s removed that time reference in the latest filing, saying only that pre-construction work on the plant started in the third quarter of last year. The factory is expected to have initial capacity for 150,000 vehicles a year, then ramp up to around 250,000 vehicles a year. The company doesn’t say when it expects to reach those capacity levels.
PiSigma
"the engineer"
Why post news on Vietnamese failures here? This thread is about Chinese cars. Should go in the funny thread.
let's not do that. It's good to show that building EVs is not easy. also why Vietnam has been courting BYD
BYD entering Italian market
10000 Atto 3 to be shipped to Australia. Nice milestone. Expecting big export #s in second half of this year
We don't have a thread for EVs for other countries and the MOD doesn't like anyone creating new threads without good reasons. Most other EV makers such as Telsa news also posted here. I don't know if it is funny or sad but companies like Vinfast and Faraday have siphoned a lot of money with bad results. It is still a good case study why so many car makers success but others fail. I think ample of engineers and complete supply chain plays a strong role why China always emerge in victorious in new industries from solar, winds, to EVs.
Vinfast isn't the only scam EV company, there were many before like Nikola, Faraday Future and Lucid motors. It probably isn't good to single out Vietnamese EV manufacturers on this thread. Though to be fair Vinfast is backed by Vietnamese-Chinese/Chinese owners and capital so in a way it is slightly relevant to the NEV industry in China.