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.
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.
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
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
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 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 ...
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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 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, ...
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 ...
First Drive: Midsized VinFast VF8 Electric SUV May Be Smart to Lease, But Not to Buy
Consumer Reports reviews the VinFast VF8 electric SUV, the first model sold in the U.S. by a new Vietnamese automaker.
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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 to hold liveselling on Facebook for its VF3
On Friday, November 15 at 8pm, VinFast will be live on Facebook to take reservations on its subcompact electric SUV, the VF3.
VinFast Ready To Burn Through Another $2.1 Billion Of Its Founder’s Money
Good morning! It’s Wednesday, November 13, and this is The Morning Shift, your daily roundup of the top automotive headlines ...