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Why VinFast Is Likely To Fail Fast In The American Car Market (jalopnik.com)
submitted 10 months ago by Desistance@lemmy.world to c/evs@lemmy.world
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[-] Hazdaz@lemmy.world 4 points 10 months ago

If they don't use some of that market capital to essentially subsidize the price of their EVs to very competitive prices, they are toast. Their first model has earned a bad reputation, whether it deserves it or not, the damage is done. That 2nd model they plan on releasing better be at least $5k cheaper than competing brands with better specs or they will never gain traction in the US market.

[-] jmiller@lemm.ee 2 points 10 months ago

As much as I welcome new EV manufacturers, I am not upset about this. Their mandatory "battery subscription" business model is terrible for consumers, and I hope it dies in the cradle.

this post was submitted on 29 Aug 2023
16 points (94.4% liked)

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