Tesla makes a move on Southeast Asia's largest EV market. A homegrown giant awaits

AI Summary

Tesla established a subsidiary in Vietnam, marking its initial move into Southeast Asia's largest electric vehicle market. The move positions Tesla to compete with local giant VinFast in the growing EV industry.

Tesla recently set up a subsidiary in Vietnam, taking a step toward a potential entry into a fast-growing EV market dominated by homegrown rival VinFast.