Vietnamese EV maker VinFast remains optimistic despite challenging entry to U.S. auto market

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VinFast CEO says that there is a lot of room for players in the U.S. market as the world moves towards electric vehicles.

$7,500 tax credit in the U.S."Of course, in the long run, we also are pushing for the plants in North Carolina and to make sure that in the future, our vehicles will be qualified for tax benefits under the IRA," said Le.for its manufacturing plant in North Carolina and that the plant is on track to commence production in 2024.

While the company filed for an initial public offering in December, it has not yet launched its roadshow. "For us, it's not about raising monies but it's a lot about making the company more international and other corporate purposes and the market has been challenging as you know," said Le.

 

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