Why a Vietnamese EV Maker Is Building a U.S. Factory

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.3 • 1.7K Ratings

🗓️ 19 December 2023

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

VinFast, the Vietnamese EV startup, has ambitions to be come a major global carmaker. It started selling its vehicles in the U.S. in March, and its rollout has been troubled since, marked with vehicle recalls and negative reviews. Now, VinFast is taking a big gamble on a manufacturing facility in North Carolina. WSJ reporter Jon Emont joins host Alex Ossola to talk about how VinFast’s gamble might pay off for both the automaker and North Carolina. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:40.0	Welcome to Tech News Briefing. It's Tuesday December 19th. I'm Alex Ocela for the Wall Street Journal. Coming up on today's show, a Vietnamese EV company called Vinfast has ambitions to become a global automaker.
0:47.0	Now, after a rocky rollout in the US, the company is looking to build a factory in North Carolina.
0:52.0	We'll hear more about Vinfast plans to expand. the company is looking to build a factory in North Carolina.
0:52.8	We'll hear more about VINFAST plans to expand in North America
0:56.2	from W.S.J. reporter John E.mont.
0:58.9	And then, it seems like everyone is getting sick this time of year.
1:02.6	If you still have to tune into video calls and you're not feeling your best,
1:06.1	how can you still look your best?
1:08.0	W.S.J. Personal tech columnist Nicole Nguyen tells us about the video call features that can help.
1:13.4	First up, Vietnamese electric vehicle startup Vinfast
1:19.5	has its site set on becoming a major global car company. But its US rollout has been more like a roller coaster.
1:26.2	When the company went public on the NASDAQ in August, it was briefly worth more than Ford
1:30.9	and GM combined. But the first 999 vehicle shipped to the US were recalled,
	...

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