Vietnam’s richest man suffers false start with EV bet

Vinfast VF 8

The Vietnamese manufacturer’s first electric SUVs to be launched in the US in early March.

(Photo: Reuters)

Bangkok Vietnam’s richest man has bet billions on his idea to shake up the global electric car market from Southeast Asia. A few weeks before the planned first vehicle delivery to Europe, however, problems are growing at Vinfast, the electric car start-up of 54-year-old entrepreneur Pham Nhat Vuong.

In the first foreign market, the USA, quality problems put the young company under pressure. Now Vinfast has to recall the first almost 1000 vehicles of their first available model VF 8 that were shipped to America.

According to the US traffic safety agency NHTSA, a software error in the manufacturer’s electric SUVs was discovered shortly after the first US customers had received their cars manufactured in the Vietnamese industrial metropolis Haiphong. The error could lead to a failure of the main display in the dashboard while driving, according to the NHTSA announcement. Drivers would then no longer be able to see warning lights and control symbols, which would increase the risk of an accident.

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