The Wall Street Journal: VinFast is a startup car company with great aspirations and bravery

“VinFast is considered to compete with Tesla and other major American automakers in the domestic market. US President Joe Biden also commented that this is “the latest proof that his economic strategy is working”, The Wall Street Journal – America’s leading economic and financial newspaper, recently said. There is an article commenting on the strategy and prospects of the Vietnamese car company. “Rookies” are welcomed by the US government VinFast – an electric car company established just 6 years ago, has made rapid progress when launching car models with modern designs thanks to joining hands with “giants” such as BMW and leading designers of Vietnam. Italy also successfully recruited many talented people in the industry. VinFast is considered to compete with Tesla and other major US automakers in the domestic market. Mr. Roy Cooper – Governor of North Carolina said that his administration praised VinFast’s decision to build a factory and emphasized that this is the largest economic development project in the state’s history. US President Joe Biden also commented that this is “the latest proof that his economic strategy is working”. VinFast’s bold decision to list on the Nasdaq stock exchange, along with the company’s ambitious plans, has attracted…

“VinFast is an inspirational model in the green mobility industry”

“VinFast has become a typical model for other businesses in Vietnam and around the world in the green transformation process by making many strong commitments and actions to contribute to zero-emission economic development.” That is the opinion of Mr. Dan Vardie, President of Autobest – Europe’s leading car rating organization. VinFast has vision, strategy and drastic actions – VinFast has made many commitments and actions with the goal of “For a green, sustainable future for everyone”. What do you think about their determination? Witnessing the development of VinFast over the past 6 years, I can say, what the VinFast team has been doing in just a very short time is very appreciable. I remember in 2017, VinFast was only known as a startup with gasoline cars. However, with the goal of making electric cars from the beginning, VinFast has made a breakthrough and bold move, switching completely to electric vehicle production and quickly perfecting the electric vehicle ecosystem with a full range of products from cars, electric motorbikes to buses, electric bicycles. VinFast will be a typical model to inspire many other businesses on the journey towards a green future. – In your opinion, where does VinFast’s success come from?…

Merry Christmas from VinFast US to Our Valued Community

As the holiday season draws near, we, at VinFast US, extend our warmest wishes for a joyous and peaceful Christmas to our esteemed community of VinFast enthusiasts across the United States. We are immensely grateful for your unwavering support and enthusiasm for VinFast, which continues to fuel our passion for innovation and progress. Your steadfast belief in our brand and our mission to revolutionize the automotive industry serves as a constant source of inspiration, compelling us to strive harder each day. Our commitment remains steadfast in delivering exceptional electric vehicles that not only embody style and technological advancement but also prioritize safety, reliability, and affordability. This Christmas, we express our heartfelt gratitude to you for being an integral part of the VinFast family. Your dedication to sustainable mobility and your enthusiasm for embracing the future of transportation are truly commendable. We are devoted to sharing our vision of a cleaner, more sustainable future with you, and we eagerly anticipate the continued journey we embark upon together in the years ahead. May your Christmas be adorned with joy, laughter, and cherished moments with your loved ones. As you celebrate this special time of the year, we wish you an abundance of…

VinFast VF 8 appeared on the TV show of world-famous MC and producer Jimmy Kimmel

James Christian Kimmel is an American television host, comedian, writer, and producer. Audiences know Jimmy Kimmel through the famous talk show Jimmy Kimmel Live!. To date, ABC Television Network’s evening talk show has had 15 seasons. Many famous people have appeared on this program, such as US President Joe Biden, former US President Barack Obama, actor Tom Cruise,… to the Korean music group BTS and BlackPink. In the latest episode of the famous talk show Jimmy Kimmel Live! on October 25, posted on Youtube, Kimmel filmed the scene of taking his children to school with his wife, and there was a surprise appearance from singer Olivia Rodrigo, owner of the hit song Driver License. Notably, MC, a famous American producer, used the famous electric car model from Vietnam, VinFast VF 8, in this episode. According to the image in the video, Kimmel is driving the VF 8 electric car with a black exterior, white interior and filmed from many different angles. Before Jimmy Kimmel, VinFast VF 8 was tested by many famous people in the US. Former Super Bowl famous football player Dwight Hicks, as well as a Hollywood film producer and actor, participated in an annual golf tournament organized…

Intimate meeting between American ambassadors from the ASEAN region at VinFast’s U.S. headquarters

VinFast had the privilege of entertaining a distinguished delegation of American ambassadors from the ASEAN region at VinFast’s U.S. headquarters on October 20th in Los Angeles, California. Distinguished high-profile investors, specialists, Vietnamese diplomats, legislators, and our committed VinFast U.S. executives honored the occasion. => Full Video Recap: https://vimeo.com/aaronhuisman/review/875429837/f7b29f4ca1 VinFast’s executives and the Vietnamese U.S. Ambassador got the chance to establish strong international ties while exhibiting our cutting-edge VF line-up and its top-tier technology in exquisite detail. In addition to strengthening our relationships with foreign investors, this stimulating discussion gave us a chance to emphasize the rich cultural diversity and high moral standards that characterize Vietnamese companies. Take a look at the beautiful moments in this special event with VinFast!   Bạn cần đăng nhập để tương tác với nội dung này: Đăng nhập.

This US city has banned the construction of new gas stations due to the increase in electric vehicles

At least two electric vehicle chargers must be installed at every new gas stations that are constructed. A US city has decided to prohibit the opening of new gas stations due to politicians’ “obligation” to address climate change.  There are currently five stations in Lousiville, Colorado, a town of about 21,000 inhabitants close to Denver. Although a sixth was just authorized, it might be the city’s final one.  As per the latest municipal legislation, it may be inferred that prohibiting gasoline stations could potentially encourage the adoption of electric vehicles (EVs) which would lower vehicle emissions and promote the use of cleaner, low-carbon energy choices for transportation.  It goes on to say that the reason a cap on gas stations rather than a complete ban is being considered is that demand will persist as more electric vehicles are gradually introduced.  According to the law, all new gas stations that are given a waiver from the prohibition or those that undergo modifications must also install two electric vehicle chargers. Additionally, they must be separated from current ones by at least 1000 feet, or little over 300 meters.  The building of new gas stations was prohibited until September 2023 by an emergency…

California’s investments in the climate 

In addressing the climate catastrophe, California has taken the lead under Governor Gavin Newsom.  The state of California is most affected by climate change. California has had catastrophic wildfires, heat waves that broke records, and severe droughts. The costs of inaction on climate change are too high. The cost of extreme weather events to US taxpayers in 2022 alone was $165 billion.  California is eschewing fossil fuels in a big way. By 2035, we will have reduced our reliance on oil by ceasing to sell new gas-powered vehicles. A measure to gradually stop the manufacturing of hazardous oil in our communities was signed by Governor Newsom.  The extraordinary, multibillion-dollar climate budget that Governor Newsom proposed includes:  Addresses the problems of wildfires and drought  Aids in communities’ weather adaptation  Supports the state’s objectives for zero-emission vehicles  Provides energy that is inexpensive, dependable, and clean.  Saves money for Californians and builds thriving communities  These innovative global climate policies are having an impact.  The majority of clean energy jobs in the US are located in California.  The clean car and renewable energy sectors are driving the country’s growth.  California surpassed its 2020 climate target six years early.  California produced six times as many…

VINFAST ENTERS INTO STANDBY EQUITY SUBSCRIPTION AGREEMENT OF UP TO $1.0 BILLION WITH YORKVILLE ADVISORS

October 20, 2023 – VinFast Auto Ltd. (the “Company” or “VinFast”) (NASDAQ: VFS) today announced that it has entered into a standby equity subscription agreement (“Subscription Agreement”) with YA II PN, Ltd. (“Yorkville”). Subscription Agreement Highlights: • VinFast has the option, but not the obligation, to require Yorkville to subscribe for up to $1.0 billion of ordinary shares in VinFast at any time during the term of the Subscription Agreement, subject to certain conditions and limitations • The Subscription Agreement has a term of 36 months Mr. David Mansfield, CFO of VinFast, said: “This new source of equity funding provides us with valuable optionality and access to capital to continue to expand our business on a global scale. While we are under no obligation to draw on the full amount, the transaction aligns with our goals of opportunistic capital raising while adding liquidity to our shares over time. In addition to existing funding commitments, it provides financial flexibility to fund our growth. We will continue to evaluate other capital markets transactions and sources of fundraising as VinFast continues to grow.” Mark Angelo, Founder and President of Yorkville, commented: “VinFast is a true leader in EVs. We are excited for this…

The IEA projects that global emissions will peak by 2025 for the first time ever

As per the IEA’s recently issued “World Energy Outlook 2023,” clean energy has the potential to revolutionize the global energy system by 2030. Solar and electric vehicles (EVs) in particular are offering “hope for the way forward.”   According to the International Energy Agency (IEA), the global energy grid in 2030 will have nearly ten times as many EVs on the road as there were in 2023. The authors observe that in 2020, 1 in 25 automobiles sold were electric; by 2023, that number has dropped to 1 in 5. Given this, it is easy to see how the momentum for EV adoption will continue to grow significantly over the next ten years.   According to IEA projections, solar energy will surpass the existing electricity generation capacity of the US power system by 2030. It projects that the proportion of renewable energy in the world’s electrical mix will increase from about 30% to over 50%. According to this analysis, new offshore wind projects will receive three times as much funding as new coal and gas-fired power facilities. Heat pumps and other electric heating technologies are predicted to outsell fossil fuel boilers worldwide.   “The global shift to clean energy is occurring and will…

Colorado adopts California’s EV regulations in part, but falls short of the 2035 prohibition

A new Colorado Clean Car rule, which generally mirrors California’s “Advanced Clean Cars 2” law but stops short of establishing a 2035 deadline for 100% EV sales, was overwhelmingly passed by the Air Quality Control Commission of Colorado.   By 2035, all new cars sold in California will be electric vehicles, according to a rule that was finalized last year. Between now and 2035, the rule aims to increase the percentage of new EV sales, with 100% ZEV and PHEV sales by that time.   Given that California is the US state with the highest EV adoption rate (and could probably stand to exclude PHEVs as well), we remarked at the time (and still do) that this deadline could have been accelerated for the Golden State. The California Air Resources Board argued that by adopting a more liberal standard, other states would be more likely to follow suit and form a larger group of states that could drive the auto industry in the right direction.   Several additional states, including New York, Washington, Oregon, Vermont, Massachusetts, Rhode Island, New Jersey, and Maryland, have thus far accepted the regulation. Even better, Washington has chosen 2030 as the target year rather than 2035.   Colorado joined…