VinFast, the Vietnamese automotive company positioning itself as a competitor to Tesla, is redirecting its attention towards Asian markets, with plans to establish assembly plants in India by June and Indonesia by October. This strategic move comes as VinFast faces hurdles in the U.S. market. Meanwhile, Tesla, the American electric vehicle giant, is exhibiting caution in its approach to entering the Indian market, citing concerns over the country’s high import duties. As VinFast expands its operations in Asia, including setting up production facilities in key markets like India and Indonesia, the competition in the electric vehicle sector is expected to intensify. With a focus on localization and regional production, VinFast aims to strengthen its foothold in the region and capitalize on the growing demand for electric vehicles. The decision to prioritize Asian markets underscores the shifting dynamics in the global automotive industry, with companies like VinFast seeking new opportunities outside traditional strongholds. As the automotive landscape continues to evolve, the rivalry between VinFast and Tesla is likely to shape the future of electric mobility in Asia, with India emerging as a crucial battleground for market share.

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VinFast pivots to Asia, plans assembly plants in India and Indonesia amid U.S. market challenges, as Tesla hesitates.
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