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Vietnam’s VinFast VF3: Affordable electric SUV set to disrupt Asian markets | ANIRUDDHA GHOSAL / Associated Press

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HANOI, Vietnam — Vietnamese automaker VinFast, for a short time the third-most valuable car company in the world, has a big problem: It just can’t sell enough cars. Idle factories bleed money and the company’s financial health is at stake. After finding the U.S.

This photo released by Vinfast shows Vinfast electric car VF3 at an event in Las Vegas on Jan. 9, 2024. Vietnamese automaker VinFast just can’t sell enough cars, so it’s hoping its tiniest and cheapest car yet — a roughly 10-foot-long mini-SUV priced at $9,200 and called the VF3 — will become Vietnam’s “national car” and win over consumers in Asian markets.

This photo shows Vinfast electric cars displayed in a showroom in Hanoi, Vietnam on June 10, 2024. Vietnamese automaker VinFast just can’t sell enough cars, so it’s hoping its tiniest and cheapest car yet — a roughly 10-foot-long mini-SUV priced at $9,200 and called the VF3 — will become Vietnam’s “national car” and win over consumers in Asian markets.

A car frame is welded by robots at a Vinfast factory in Hai Phong, Vietnam on Sept. 29, 2023. Vietnamese automaker VinFast just can’t sell enough cars, so it’s hoping its tiniest and cheapest car yet — a roughly 10-foot-long mini-SUV priced at $9,200 and called the VF3 — will become Vietnam’s “national car” and win over consumers in Asian markets.

Workers assemble electric cars at a Vinfast factory in Hai Phong, Vietnam, on Sept. 29, 2023. Vietnamese automaker VinFast just can’t sell enough cars, so it’s hoping its tiniest and cheapest car yet — a roughly 10-foot-long mini-SUV priced at $9,200 and called the VF3 — will become Vietnam’s “national car” and win over consumers in Asian markets.

This photo shows Vinfast electric motorcycles displayed in a showroom in Hanoi, Vietnam, June 10, 2024. Vietnamese automaker VinFast just can’t sell enough cars, so it’s hoping its tiniest and cheapest car yet — a roughly 10-foot-long mini-SUV priced at $9,200 and called the VF3 — will become Vietnam’s “national car” and win over consumers in Asian markets.

 

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