Skip to main content

EV maker VinFast downsizes in US, Canada

Vietnamese electric vehicle maker VinFast is cutting jobs in the United States and Canada as part of a restructuring that will merge operations across the two countries. The restructuring comes as VinFast prepares to enter the U.S. public market and delays deliveries to its first customers in the country.

VinFast has not shared how many employees have been cut, but a LinkedIn post from a former employee said “nearly 35 roles” were affected. A spokesperson told Reuters the headcount in Vietnam, where most of the company’s staff and engineering ops are, would not shrink.

“The past 4 months have been an experience like no other,” reads the post. “From meeting and collaborating with some of the industry’s most talented professionals, to building a team and program with the intention to launch a service nationwide for a startup.”

Note the “intention to launch” part of that statement. Neither the employee who wrote the post nor the company have responded to TechCrunch to clarify the nature of the nationwide service and whether VinFast has ceased operations there, but we have some guesses.

A big part of VinFast’s luxury EV offering in the U.S. is the customer experience, including a mobile service network and over-the-air firmware updates. The company may have also been pursuing an EV charging network in the States, something VinFast has been doing in Vietnam. Some of the affected employees who posted on LinkedIn worked in mobile service operations and EV charging infrastructure, which might signal VinFast is pulling away from launching these services in North America.

VinFast’s expansion strategy into international markets also includes a direct-to-consumer sales model. Many of the 150 people VinFast said it had hired in the U.S. were in sales, support and distribution roles.

The company, a subsidiary of conglomerate Vingroup, has been advancing into the U.S. market with four electric SUVs and potentially a sports car. Last week, VinFast said it would delay deliveries to its first U.S. customers to the second half of February as it finishes updating vehicles with the latest software.

EV maker VinFast downsizes in US, Canada by Rebecca Bellan originally published on TechCrunch



source https://techcrunch.com/2023/02/06/ev-maker-vinfast-downsizes-in-us-canada/

Comments

Post a Comment

Popular posts from this blog

The Silent Revolution of On-Device AI: Why the Cloud Is No Longer King

Introduction For years, artificial intelligence has meant one thing: the cloud. Whether you’re asking ChatGPT a question, editing a photo with AI tools, or getting recommendations on Netflix — those decisions happen on distant servers, not your device. But that’s changing. Thanks to major advances in silicon, model compression, and memory architecture, AI is quietly migrating from giant data centres to the palm of your hand. Your phone, your laptop, your smartwatch — all are becoming AI engines in their own right. It’s a shift that redefines not just how AI works, but who controls it, how private it is, and what it can do for you. This article explores the rise of on-device AI — how it works, why it matters, and why the cloud’s days as the centre of the AI universe might be numbered. What Is On-Device AI? On-device AI refers to machine learning models that run locally on your smartphone, tablet, laptop, or edge device — without needing constant access to the cloud. In practi...
1 comment
Read more

Apple’s AI Push: Everything We Know About Apple Intelligence So Far

Apple’s WWDC 2025 confirmed what many suspected: Apple is finally making a serious leap into artificial intelligence. Dubbed “Apple Intelligence,” the suite of AI-powered tools, enhancements, and integrations marks the company’s biggest software evolution in a decade. But unlike competitors racing to plug AI into everything, Apple is taking a slower, more deliberate approach — one rooted in privacy, on-device processing, and ecosystem synergy. If you’re wondering what Apple Intelligence actually is, how it works, and what it means for your iPhone, iPad, or Mac, you’re in the right place. This article breaks it all down.   What Is Apple Intelligence? Let’s get the terminology clear first. Apple Intelligence isn’t a product — it’s a platform. It’s not just a chatbot. It’s a system-wide integration of generative AI, machine learning, and personal context awareness, embedded across Apple’s OS platforms. Think of it as a foundational AI layer stitched into iOS 18, iPadOS 18, and m...
Post a Comment
Read more

Billionaire clothing dynasty heiress launches Everybody & Everyone to make fashion sustainable

Veronica Chou’s family has made its fortune at the forefront of the fast fashion business through investments in companies like Michael Kors and Tommy Hilfiger . But now, the heiress to an estimated $2.1 billion fortune is launching her own company, Everybody & Everyone , to prove that the fashion industry can be both environmentally sustainable and profitable. There’s no argument about the negative impacts of the fashion industry on the environment. The textiles industry primarily uses non-renewable resources — on the order of 98 million tons per year. That includes the oil to make synthetic fibers, fertilizers to grow cotton, and toxic chemicals to dye, treat, and produce the textiles used to make clothes. The greenhouse gas footprint from textiles production was roughly 1.2 billion tons of CO2 equivalent in 2015 — more than all international flights and maritime shipments combined (and a lot of those maritime shipments and international flights were hauling clothes). The lit...
Post a Comment
Read more