VinFast

VinFast says it will need “significant additional capital” but already knows how it will get it

Restructuring comes as customers wait for EVs originally promised in late December

The cash offer that Matt Farah rejected was on top of a free trip to Vietnam to drive and review the VF8 and VF9

The VinFast VF 8 City Edition is a bit more compelling, but it’s still not a good value

The VinFast VF 8 can be leased for less than a Tesla Model Y but has significantly less range

And that was on top of an all-expenses paid trip to the country

VinFast’s lineup is set to grow this year with the introduction of smaller and more affordable crossovers

The VF 8 City Edition starts at $55,500

The VF 8 falls far short of competitors

VF 8 deliveries are slated to begin before the end of the month

The price and number of shares to be offered has yet to be determined

Face-swapping the hyper-SUV from Maranello with the new Toyota Prius works surprisingly well

VinFast has more than 65,000 orders for the VF 8 and VF 9

VinFast has not yet announced pricing for the VF 6 and VF 7 in the U.S

Vietnamese brand’s VF 6, 7, 8 and 9 were all on display at Paris Motor Show following global debut at CE in January

VinFast hopes to be producing 750,000 vehicles annually by 2026