A struggling Vietnamese electric vehicle manufacturer is confronting multiple challenges, including declining sales and a narrow product range, while also facing legal pressure from North Carolina authorities seeking to reclaim a factory site. The company’s operational difficulties highlight broader struggles in the EV market, where competition and regulatory hurdles continue to test new entrants. Legal disputes over infrastructure investments add another layer of uncertainty for the business.
The Vietnamese EV maker faces headwinds amid sliding sales, a limited lineup and a lawsuit by North Carolina to claw back a factory site.
