VinFast to deliver EVs to Europe this year as EU probes China rivals
$VinFast Auto (VFS.US)$ The article revealed that Europe would become VinFast's biggest overseas market this year. The company had shipped about 2,100 EVs earlier this year to the United States.
Earlier a separate article reported that EU is considering imposing tariff on Chinese EV. Here's the link:
EU to launch anti-subsidy probe into Chinese electric vehicles
EU to launch anti-subsidy probe into Chinese electric vehicles
Quote:
Vietnamese electric vehicles maker VinFast plans to ship its first EVs to Europe this year after receiving regulatory approval, its chief executive told Reuters on Thursday (Sep 21), as the European Union considers imposing tariffs on its Chinese rivals.
Under the plan, about 3,000 of its VF8 crossovers would be delivered to France, Germany and the Netherlands in the fourth quarter of this year from VinFast's factory in northern Vietnam, a person familiar with the plan told Reuters. The source declined to be named because these details were not yet public.
Under the plan, about 3,000 of its VF8 crossovers would be delivered to France, Germany and the Netherlands in the fourth quarter of this year from VinFast's factory in northern Vietnam, a person familiar with the plan told Reuters. The source declined to be named because these details were not yet public.
Source:
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Chin Yonghao : Target price $4
ZnWC OP Chin Yonghao : EU is considering imposing tariff on Chinese EV.
bullrider_21 : China is a very important market for European cars. China will respond with tit-for-tat if the EU place tariffs on their cars.
ZnWC OP bullrider_21 : Thanks for contributing "comment".
ZnWC OP : If China escalate into a trade war with EU, VinFast will benefit.
bullrider_21 ZnWC OP : VinFast has such a small production capacity. How to benefit? Besides, its cars got bad reviews.
ZnWC OP bullrider_21 : Thanks for contributing "comment".
ZnWC OP : Chinese EV will be more expensive with all high tariff and demand dropped. Based on study, Chinese EV is heavily subsidied.