EV maker Vinfast secures 3.5 billion USD funding
Vingroup, Vietnam’s largest private conglomerate and its Chairman Pham Nhat Vuong, has announced a significant financial commitment to VinFast, the Nasdaq-listed Vietnamese electric vehicle maker.
Loss-making EV firm VinFast to get $3.4 bln more funding from founder, parent company
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, Vingroup by 2026, when it expects to break even.
Vietnam EV Maker VinFast To Get $3.5 Bn In New Funding
VinFast -- Vietnam's first homegrown car manufacturer -- is aiming to compete with global EV giants such as Tesla. It debuted on the Nasdaq in August 2023 at $10, hitting headlines around the world as its valuation skyrocketed and then crashed. It was ...
VinFast Tycoon to Inject $2 Billion Into Struggling EV Maker
Vietnamese billionaire Pham Nhat Vuong pledged to invest about $2 billion into VinFast Auto Ltd., another major capital infusion from his personal wealth for the struggling electric vehicle maker.
Loss-making EV firm VinFast to get $3.4 billion more funding from founder, parent company
VinFast began operations in 2019 and has been expanding aggressively into global markets, but the firm continues to report increasing losses as it grapples with softer demand and challenges in the sector.
Vietnam EV maker VinFast to get USD 3.5 bn in new funding
Vietnamese electric vehicle maker VinFast will receive USD 3.5 billion in new funding, the majority from its CEO Pham Nhat Vuong, parent group Vingroup said on Tuesday, as it struggles to break into the international market.
VinFast Auto attracts new funding from its parent company and founder
Vietnamese electric vehicle maker VinFast Auto Ltd. (NASDAQ:VFS) said it will land $3.4 billion in more funding from parent company Vingroup by 2026. That is the same year that the company expects to break even.
Vingroup grants VinFast $1.4 billion loan as losses continue
Vietnam’s leading EV manufacturer, VinFast, secured a loan totaling 35 trillion Vietnamese dong ($1.4 billion) from its ...
VinFast Secures Top Market Position in Vietnam
HANOI, VIET NAM / ACCESSWIRE / / VinFast announced it has delivered more than 11,000 electric vehicles (EVs) to domestic ...
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VinFast gets new capital injection from parent
VinFast, a Vietnamese electric vehicle (EV) maker listed on the Nasdaq, is set to receive a capital boost of VND85tn ($3.35bn ...
VinFast Only Needs Another $3.5 Billion To Make Its EVs A Success
Good morning! It’s Wednesday, November 13, and this is The Morning Shift, your daily roundup of the top automotive headlines ...
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VinFast dominates Vietnamese EV market with over 51K sales in 2024
VinFast delivered over 11,000 electric vehicles in Vietnam in October. This brings total sales to over 51,000 units since the ...
Vinfast, Vietnam's top automaker all set for India debut in few weeks
VinFast, Vietnam's leading electric vehicle manufacturer, is set to enter the Indian auto market. With a new manufacturing ...
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VinFast receives $3.5 billion funding from Vingroup and Pham Nhat Vuong
Vingroup and its chairman Pham Nhat Vuong announced on November 12 a significant financial commitment to VinFast with total ...
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VinFast best-selling vehicle brand in Vietnam
VinFast, the electric vehicle (EV) arm of Vietnam's private conglomerate Vingroup, delivered over 51,000 units in Vietnam in ...