HAIPHONG, Vietnam ¨C Move over Tesla, how about a VinFast?
That¡¯s the proposition being offered by the automobile arm of Vietnam¡¯s largest conglomerate, Vingroup. It¡¯s betting big on the U.S. market with its VinFast line of cars and hoping that electric SUVs and a battery leasing model will be enough to woo consumers away from homegrown market leaders like Tesla and General Motors Co.
A recent arrival on the automotive scene and the No. 5 car brand in Vietnam, VinFast is not short on ambition, with its sights set on a U.S. listing and a valuation of as much as $60 billion, according to two sources familiar with its plans.
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