Autonomous Vehicle News
Vietnam’s largest conglomerate Vingroup is putting a halt to its smartphone production after announcing plans to enter the electric vehicle market in the US. The unit will produce electronic components, battery cells, and electric motors, as well as develop in-car features for the new EVs. In Vietnam, VinSmart currently operates two smartphone factories, where it can produce 130 million units per year, according to a Reuters report. Carmakers from across the world are eager to enter the American market, where EV sales are poised to grow to 2.5% of all retail vehicle sales this year, according to data from research firm Edmunds. The unit received a permit from the California Vehicle Administration to test its autonomous vehicles on public streets in California in February.