VinFast: Vietnamese, Pininfarina-Designed Luxury Cars

[Keef]

Where are the buyers from? I have a hard time believing that American-based investors would dump this much cash into a foreign company with terrible reviews. Other startups have proven that these IPOs are almost universally a bad investment for the first several years. Rivian and Lucid, hell even prototypes from Canoo and Arrival are more technically advanced and genuinely good products than Vinfast.

Foreign investment however, I can see that being the driver here. I don’t doubt that a lot of wealth from Vietnam and that general region was dumped into the company on day 1. Regardless, this is bad news for China in the long run.

 

[GranTurNismo]

To no one's shock, VinFast's stock price has fallen, by roughly a third in just a few days, and expected to continue plummeting. The stock is trading at just $13.94 a share now.

After Stratospheric Start, VinFast Stock Comes Crashing Back To Earth | Carscoops

Once valued at more than GM and Ford combined, VinFast's share prices have taken a beating in recent days, falling to one-third of what they were worth at their peak

www.carscoops.com

 

[Joey D]

I feel stupid for not shorting it.

 

[Eunos_Cosmo]

I feel stupid for not shorting it.

I don't think that opportunity has completely passed...a stock can always fall 99% again.

 

[EngieDiesel]

I'm so used to hearing about cryptocurrencies doing the ol' pump and dump over the last couple years that it's almost refreshing to hear about one involving an actual stock trading company.

 

[Tornado]

VinFast Critic Detained, Interrogated by Vietnam Police for Facebook Posts: Report

Vietnam's biggest automaker VinFast now has a pattern of calling police on its critics, as a recent example highlights.

www.thedrive.com

Jailing people for criticizing a country's vehicles is such a galaxy brain move that it makes me wonder how long it will take Elon to ask his buddy Ken Paxton to do the same for people living in Texas.

 

[EngieDiesel]

VinFast Critic Detained, Interrogated by Vietnam Police for Facebook Posts: Report

Vietnam's biggest automaker VinFast now has a pattern of calling police on its critics, as a recent example highlights.

www.thedrive.com

Jailing people for criticizing a country's vehicles is such a galaxy brain move that it makes me wonder how long it will take Elon to ask his buddy Ken Paxton to do the same for people living in Texas.

"Officers have reportedly seized Tran's electronic devices and copied their data, justifying it all under Article 331 of Vietnamese criminal code, which reportedly forbids harming the interests of others—from the individual to the state, and everything in between. That apparently includes big, blatantly problem-ridden businesses like VinFast."

So criticizing them apparently makes the country as a whole look bad since VinGroup basically drives the country's economy, which by extension makes the government look bad, and if there's one thing you don't do in most Asian countries it's openly say something that criticizes the government. I expect he'll be slapped with the nebulous "corruption" charge and that'll be the last anyone hears of him for a good long while.

 

[Keef]

"Officers have reportedly seized Tran's electronic devices and copied their data, justifying it all under Article 331 of Vietnamese criminal code, which reportedly forbids harming the interests of others—from the individual to the state, and everything in between. That apparently includes big, blatantly problem-ridden businesses like VinFast."

So criticizing them apparently makes the country as a whole look bad since VinGroup basically drives the country's economy, which by extension makes the government look bad, and if there's one thing you don't do in most Asian countries it's openly say something that criticizes the government. I expect he'll be slapped with the nebulous "corruption" charge and that'll be the last anyone hears of him for a good long while.

VinCops.

We're currently in the midst of a mass exodus of industry from China to places like India and Vietnam. But this sort of move is how you immediately stop companies from going to Vietnam. I swear it seems like these countries hate success and want to remain impoverished.

 

[GranTurNismo]

VF 9 full-size 3-row electric SUV spotted without camouflage in Michigan.

 

[ProjectWHaT]

In the Bay Area, I've seen two Vinfasts on the road since the new year. I visited a dealer the other day and sat in a VF8. On first impressions, it seems alright.

I don't know if it's because it's a demo car or something, but it had so many errors and warnings on the dash

 

[TrdScionxB2]

VinFast VF8 road trip.

 

[GranTurNismo]

VinFast delays US production at proposed North Carolina plant all the way until 2028. Production was originally to begin this July, but was pushed back this year a first time to 2025.

VinFast Hits Brakes On US Production, Now Slated To Begin In 2028 | Carscoops

After a dismal launch in America, VinFast has delayed production in North Carolina for a second time

www.carscoops.com