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Vietnam’s answer to Tesla has U.S. in its electric sights By Reuters

By Betty C. Morrow 1 year ago

© Reuters. A labourer works in VinFast’s factory in Hai Phong City

By James Pearson and Phuong Nguyen

HAIPHONG, Vietnam (Reuters) – 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 (NYSE:).

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.

(GRAPHIC: VinFast fifth in terms of Vietnam sales in 2020 – https://graphics.reuters.com/VIETNAM-VINFAST/rlgvdzyjgvo/chart.png)

It will launch in North America and Europe

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How often should I start my car and let it idle in cold weather? Answer: Don’t.

By Betty C. Morrow 1 year ago

TipRanks

Can These 3 Semiconductor Stocks Keep Up Their Strong Growth Momentum?

Silicon chips are absolutely essential to our modern digital world. You’ll find them in everything from your PC to your smartphone to your car to your coffee maker – even the pedestrian light at the crosswalk is controlled by semiconductor chips, giving the chip makers the benefit of a captive customer base. 5-star analyst C.J. Muse, of Evercore ISI, builds his view of the chip stocks’ prospects on that base, writing: “With every industry vertical increasingly focused on digitalization combined with product cycles including 5G, AI/ML, a broad-based recovery in Auto/Industrial as well as expected continued strength in PCs and a recovery in Networking … our base case calls for Semi revenues to grow 14% in CY21 to $500B.” This isn’t the only positive point, as Muse goes on to say, “Add in potential for stimulus combined with

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