Tesla sets up Vietnam unit, registration filing shows

HANOI, Sept ‌14 (Reuters) - 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 ($3 million), according to the filing ​reviewed by Reuters.

Tesla didn’t immediately respond to a Reuters request for ​comment.

The new company, ‌established on September 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.

($1 = 25,940 dong)

(Reporting by Khanh Vu; Editing by David ‌Stanway )

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