Anyone invested in BSAQ or watching it right now? Vietnam's Vinfast cars are coming to North America and they just announced one of the largest SPAC mergers in history a few weeks ago with BSAQ. The company is opening a new manufacturing center in North Carolina and 50k EV cars will start hitting the US market next year. They start arriving in Canada next month at price points that are really affordable. Just interested in whether anyone's opinion

VinFast North American Automobile Lineup

MotorTrend review of Vinfast

VinFast just reaffirmed its SPAC merger from a couple of hours ago

This post was edited on 5/31/23 at 12:01 pm

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Posted by FreddieMac

Baton Rouge

Member since Jun 2010

20950 posts

Posted on 5/31/23 at 10:04 am to MrLSU

There is not very much in terms of data on this company.

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Posted by FreddieMac

Baton Rouge

Member since Jun 2010

20950 posts

Posted on 5/31/23 at 2:32 pm to MrLSU

looks like a nice car. Wonder if they are going to have the production ramp up problems Tesla experienced and Rivian is experiencing right now.

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Posted by AUHighPlainsDrifter

South Carolina

Member since Sep 2017

3072 posts

Posted on 5/31/23 at 3:02 pm to MrLSU

From a non-investment standpoint, their vehicles do look good and their battery leasing program is intriguing, depending on the terms. I wouldn't consider buying one at this point. Not without a lot more info about their reliability, serviceability, etc.

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Posted by MrLSU

Yellowstone, Val d'isere

Member since Jan 2004

25909 posts

Posted on 5/31/23 at 3:25 pm to FreddieMac

quote:
looks like a nice car. Wonder if they are going to have the production ramp up problems Tesla experienced and Rivian is experiencing right now.

It sounds like they are experiencing those problems right now with a recall of almost 1000 cars they just delivered because of software issues.

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Posted by FreddieMac

Baton Rouge

Member since Jun 2010

20950 posts

Posted on 5/31/23 at 3:30 pm to MrLSU

quote:
It sounds like they are experiencing those problems right now with a recall of almost 1000 cars they just delivered because of software issues.

Tesla had the same thing happen a few months back with like 1,000,000 cars in china. It was a "recall", but it was really just a software patch that fixed the problem.

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