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Vietnamese automaker VinFast says it plans to spend up to $2 billion to build an electric vehicle factory in India, the world’s third-largest auto market by sales. The factory in southern India ...
VinFast's shares rose 4.3% in Tuesday's pre-market trade on Nasdaq, trading at $4.1. ... VinFast said it was planning an assembly plant in India scheduled to commence operations in 2025. The ...
(Reuters) - Nasdaq-listed electric vehicle maker VinFast said on Wednesday it will get a fresh round of funding worth 85 trillion dong ($3.35 billion) from its founder and its parent firm ...
The new CEO will be VinFast’s third in the past three ... it committed $500 million to build an electric vehicle facility in India. Open Source. ... Latest rumors, news, analysis on coach firings.
VinFast's stock surged on thin trading, at one point valuing the carmakers more than Mercedes-Benz and BMW. Shares are now trading at just over $6, far below their peak of $82.35 at the end of August.
VinFast operates a 335 hectares (1.29 sq mi) greenfield factory at Cat Hai Island, Hai Phong. The factory produces cars and motorbikes and parts for both of them. [93] In 2017, VinFast also acquired GM Vietnam's Hanoi factory (VIDAMCO). [94] In September 2020, VinFast purchased the Lang Lang Proving Ground in Australia from General Motors. [95]
VinFast, which began making EVs in 2021, expects to sell up to 50,000 units this year. Chief Financial Officer David Mansfield told analysts he expected sales would ramp up in the last quarter.
VinFast has some good news for investors ... up to 50 markets and countries by the end of 2024 and the EV maker has two assembly facilities in the plans for 2026 in India and Indonesia that will ...