VinFast VinFast wants to sell 50,000 cars this year, but it reportedly struck a deal with GSM for 30,000 EVs back in March, which doesn’t leave many more for customers in the global market.

VinFast, a Vietnamese electric vehicle manufacturer, is establishing its second major plant in India, investing $500 million initially as part of a $2 billion commitment. This move aims to tap into ...

The automotive landscape is rapidly electrifying, and a new player is poised to make an impact. Vinfast, the Vietnamese EV ...

To put it in perspective, of the 2.3 billion shares offered by VinFast, Vingroup owns 1.2 billion of them while another 1.1 billion shares are held by Vietnam Investment Group.

FILE - A Vinfast VF6 is displayed at the AutoMobility LA Auto Show Thursday, Nov. 17, 2022, in Los Angeles. Vietnamese automaker Vinfast agreed on Saturday, Jan. 8, 2024, to invest up to $2 ...

Vietnam’s richest man Pham Nhat Vuong and Vingroup JSC will sink an additional $2.5 billion into the company’s electric-car unit VinFast ahead of its planned U.S. initial public offering.

Vietnamese EV automaker VinFast is getting a $2.5 billion injection of capital as it pursues an ambitious plan to woo U.S. consumers with a slate of electric SUVs and crossovers.

According to a December 2022 filing with the SEC, VinFast reported whopping net losses of $1.3 billion in 2021 and $1.45 billion through September 30, 2022, with additional losses expected to ...

In my view, with an NTM price-to-sales multiple of 2.71x and a market cap of just above $16 billion, Xpeng Motors looks like a much better bet to play the EV industry than a name like VinFast.

VinFast is part of a major conglomerate that has divisions focused on AI, healthcare, real estate, tourism, and education—each with “Vin” in the name. These include VinAI, VinBrain, VinBus ...

VinFast was founded by Vuong in 2017, and as of the end of last year, Vingroup, its affiliates and external lenders had pumped about $8.2 billion into VinFast, according to VinFast’s pre-IPO filing.

HANOI, Vietnam (AP) — 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.