Categories: BusinessEnergy

Vietnam’s EV maker VinFast recalls nearly 2,800 units domestically

Vietnam’s electric vehicle (EV) maker VinFast is recalling 2,781 of its sports utility model VF8 sold in the domestic market to check and replace the bolt connecting the front brake caliper to the knuckle, the company said on Saturday.

VinFast, which began operations in 2019, is gearing up to expand in the United States where it hopes to compete with legacy automakers. It started to ship its first 999 VF8s in November last year and is planning to deliver them this month.

“Due to a specific component assembly item, the bolt connecting the front caliper to the knuckle may loosen when the vehicle is in operation, potentially reducing the effectiveness of the front brake,” VinFast said in a statement.

The company said it would immediately correct the tightening torque for those 999 VF8s shipped to the United States.

“This is relatively a simple procedure that can be done quickly and will not affect the delivery timeline, which is expected to start by the end of Feb. 2023,” it said.

The company delivered over 4,000 EVs to customers domestically in December, more than half of which were the sports utility VF8 model. It secured 55,000 orders globally as of December last year, of which 12,000 are from the U.S. market.

VinFast said it has not recorded any breakdowns or complaints from customers about the loosen bolt that may cause trouble to the brake.

Source : Reuters

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

Nvidia CEO joins Trump’s thorny trade mission to China

Trump embarks on the ‌first visit by a U.S. president to China in nearly a…

14 hours ago

The different effects of oil and gas supply shocks on euro area inflation

The surge in energy prices since March 2026 has revived questions about the pass-through to…

14 hours ago

The impact of emissions trading systems on manufacturing installation productivity: Evidence from Japan

Emissions trading systems have been widely studied globally, but less attention has been paid to…

14 hours ago

Dollar rises but still not far from pre-war levels, data awaited

Given the likelihood of elevated inflation readings, the CPI on Tuesday and PPI on Wednesday.…

1 day ago

AI rally fizzles as Middle East ceasefire goes on ‘life support’

Oil rises, stocks fall as Middle East ceasefire falters and Strait of Hormuz remains blocked.…

1 day ago

Gold falls as fading Middle East peace hopes lift dollar, oil

Trump to visit China this week, ​to discuss Iran ⁠with Xi. Gold fell from a…

1 day ago