Vuong, 55, replaces Le Thi Thu Thuy, who had held the post since late 2021, VinFast said in a statement. Thuy, a finance expert, will serve as chairwoman and lead engagement with external stakeholders. Vuong, also the founder and chairman of Vingroup - Vietnam s biggest conglomerate and VinFast s parent company - will directly oversee the EV maker s operations, including global production, sales and marketing, the company said.
The total investment in the 400-acre facility could eventually touch as much as USD 1 bn or even more, sources said, adding that VinFast is likely to make an official announcement on Saturday.
Tesla: The recall sparked by the discovery of problems with assisted driving functions and door-locking systems will be conducted through remote over-the-air (OTA) updates to the cars software.
Chinese Ev Maker: BYD Co., based in the southern China tech hub of Shenzhen, dethroned Texas-based Tesla Inc. as the top seller of electric cars in the last three months of 2023, according to sales figures released by the companies this week.