Tesla registers Vietnam subsidiary in Ho Chi Minh City

Tesla has formally entered Vietnam by registering a subsidiary, Tesla Motors Vietnam Limited Liability Company, in Ho Chi Minh City with charter capital of 77.667 billion dong (US$3 million). The new entity will handle wholesale and retail sales of vehicles and parts, along with related import and e

U.S. electric vehicle maker Tesla has established a subsidiary in Vietnam, according to a newly published business registration filing, marking its formal entry into one of Southeast Asia's fastest-growing EV markets.

The new entity, Tesla Motors Vietnam Limited Liability Company, was registered in Ho Chi Minh City with charter capital of 77.667 billion dong (US$3 million), according to the filing reviewed by Reuters. Tesla did not immediately respond to a Reuters request for comment.

The company, established on Sept 11, is authorised to engage in wholesale and retail sales of automobiles, vehicle parts, machinery and equipment, as well as related import, export and distribution activities.

The registration lists David Jon Feinstein, a U.S. national with an Austin, Texas address, as chairman of the company. Isabel Ching Fan is listed as general director, while Nguyen Manh Hung serves as assistant to the general director.