VinFast Blew Through $650 Million In The Last Quarter

VinFast is having a pretty brutal time right now, but that hasn’t stopped the nascent Vietnamese automaker from being optimistic about its future. Sure, it managed to have a $650.1 million net loss in the last quarter of 2023, and sure it sold fewer than 35,000 vehicles all of last year, but that isn’t going … Read more

Here’s How EVs Really Sold In 2023

2024 Chevrolet Blazer EV SSImage: Chevrolet 75,883 total sales GM has kept its EV sales numbers close to its chest the last few years; the company has had trouble ramping up EV production. Things may have changed though as the company says it sold 75,883 EVs in 2023, up 93 percent from 2022. Looking at … Read more

Vietnam EV maker VinFast names founder as CEO, replaces CFO

Vietnamese electric vehicle (EV) maker VinFast on Saturday named its founder and biggest financial backer Pham Nhat Vuong as chief executive as it plans an ambitious overseas expansion and ramps up sales via dealerships. Vuong, 55, replaces Le Thi Thu Thuy, who held the post since late 2021, VinFast said in a statement. Thuy, a … Read more