Tesla Sets Up New Subsidiary in Vietnam
Electric vehicle maker Tesla has established a new subsidiary in Vietnam with a capital of three million dollars. The Ho Chi Minh City entity will handle vehicle sales, imports, and distribution activities across the region.
Insights:
Tesla established a subsidiary in Vietnam with charter capital of 77.667 billion dong ($3 million), according to a filing. The entry marks the United States electric vehicle maker's formal expansion into Southeast Asia. Vietnam is one of the region's fastest-growing EV markets.
