Vietnam’s electric vehicle (EV) major VinFast has managed to sell Wall Street on a Nasdaq listing that values the loss-making startup at more than $85 billion, almost twice as much as Ford or General Motors.
Now, comes the hard part: moving overseas growth out of the slow lane.
VinFast needs to deliver more than twice the sales notched up so far this year in the remaining five months to hit a stretch annual target of 50,000 EVs set by its founder. For that, it needs to complete a revamp of a sales strategy to bring in distributors and dealers rather than selling through its own platform alone, an approach it borrowed from Tesla .
