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Fortune
Fortune
Christiaan Hetzner

Watch out, Elon—Vietnam’s new carmaker nips at Tesla’s heels

VinFast chairman and founder Pham Nhat Vuong (Credit: Linh Pham—Bloomberg via Getty Images)

Tesla boss Elon Musk is receiving competition from the unlikeliest of all contenders.

On the surface, perhaps the only remarkable thing about VinFast Auto is just how quickly its freshman SUV earned a reputation as the worst-built electric vehicle to hit the U.S. market this year.

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