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) from its founder and parent company, Vingroup, by 2026, reported Reuters. This move comes as the company faces growing losses amidst an aggressive global market expansion.
Vietnamese Billionaire To Inject $2 Billion Into Loss-Making VinFast
Vietnam’s richest person—is investing $2 billion into VinFast Auto amid widening losses at the struggling electric vehicle maker.
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.
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 secures top market position in Vietnam
Since the beginning of the year, VinFast has delivered over 51,000 EVs in the Vietnamese market, officially becoming the best-selling automotive brand in the country. Achieving this milestone is, first and foremost,
Vietnam EV Maker VinFast To Get $3.5 Bn In New Funding
Vietnamese electric vehicle maker VinFast will receive $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 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 ...
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VinFast secures USD 3.4 billion in additional funding from Vingroup amid rising losses
VinFast’s founder Vuong is said to be ready to inject 50 trillion dong (around USD 1.97 billion) into the new funding, ...
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VinFast Receives $2 Billion Cash Infusion From Its Founder
VinFast is set to open factories in India and Indonesia next year. Typically for startups in the automotive industry, ...
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 ...
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VinFast announces major new funding and a potential fleet deal in Mexico
Vietnamese EV manufacturer VinFast has announced new investment from Vietnamese sources, as well as a new investment deal ...
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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 ...
Consumer Reports Trashes VinFast VF8 In First Review
When we first drove the VinFast VF8, we weren’t impressed. Our headline said it was “simply not ready for America,” and the ...
VinFast's Multi-Pronged Strategy to Lead the Electric Vehicle Revolution
The electric vehicle industry, after a period of explosive growth, is now settling into a more sustainable pace. The market, ...