VinFast Goes Public, Valuation Surpasses Auto Giants

VinFast Auto Ltd., commonly known as “VinFast”, made headlines with its recent listing on the Nasdaq Global Select Market. Now trading under the ticker symbol “VFS”, the company has declared an impressive equity value exceeding US$23 billion. Remarkably, with its current valuation at over $78 billion, VinFast has managed to eclipse the market worth of […]

VinFast to Cut Jobs in U.S. Amidst Headquarter Restructuring Plans

Vietnamese electric vehicle (EV) manufacturer VinFast announced plans to cut its U.S. staff on Monday, as the company faces restructuring and a stalled shipment of its first EVs, according to Automotive News. VinFast is a subsidiary of Vingroup, and the company has been making a push to expand in the U.S. with its first batch […]

VinFast Exports its First Batch of Electric Vehicles to the U.S.

VinFast held a delivery ceremony on Friday, officially exporting its first batch of VF 8 electric vehicles (EVs) to the U.S., according to a press release on Friday. The event oversaw 999 VF 8 units which are expected to arrive in California in roughly 20 days, while customers can expect to receive their first deliveries […]

VinFast Opens First Store in Canada at Toronto’s Yorkdale Shopping Centre

VinFast opened its first store in Canada, located at Toronto’s Yorkdale Shopping Centre, as detailed by the company in an emailed statement on Wednesday. The Toronto store is the company’s flagship location and comes ahead of a larger rollout of the company’s stores across Canada. The storefront is set to be part of VinFast’s “go-to-market” strategy, […]

VinFast and CATL to Partner for Electric ‘Skateboard’ Chassis Products

Contemporary Amperex Technology Co. Ltd (CATL) signed a Memorandum of Understanding (MOU) with VinFast Trading & Manufacturing Joint Stock Company to cooperate on expanding collaboration on intelligent electric chassis products, as announced on Monday. The CATL Integrated Intelligent Chassis (CIIC) is a group of skateboard chassis designs integrating battery cells, electric motors and other electronics […]