EV manufacturer Fisker filed for bankruptcy due to cash flow and manufacturing issues. Other EV makers like Tesla, Rivian, and Lucid may also face challenges.
VinFast shares surge as the company anticipates sustained growth, nearing break-even point, and eyes expansion into the US electric vehicle market amidst fierce competition.
In defiance of a global slowdown in electric vehicle demand, Vietnamese automaker VinFast Auto is accelerating its expansion across Asia. The company's founder, Pham Nhat Vuong, is undeterred by the challenges faced by VinFast in the U.S. market.