Startups & VC

Tesla establishes Vietnam subsidiary as EV rivalry with VinFast looms

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Tesla has formally established a subsidiary in Vietnam, indicating a significant strategic move into the rapidly growing Southeast Asian electric vehicle market. This development is particularly noteworthy given the strong presence of local EV maker VinFast, which currently dominates the Vietnamese market. Tesla's entry could intensify competition and reshape the regional EV landscape.

Read the full article at e27

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