VinFast

Vietnamese billionaire Pham Nhat Vuong has announced plans to inject an additional $1 billion from his personal wealth into the Nasdaq-listed electric vehicle (EV) manufacturer VinFast Auto Ltd NASDAQ: VFS). What Happened: At a shareholders’ meeting of Vingroup, the conglomerate he chairs,...

Vietnam’s top conglomerate, Vingroup, is ramping up its electric vehicle venture with global ambitions, but financial risks loom from its struggling unit, VinFast Auto Ltd (NASDAQ:VFS). Read More: Emerging Tesla Challenger VinFast Faces Sales Challenges, Posing Risks For Vietnam...

Vingroup, Vietnam’s leading conglomerate, is grappling with increasing financial risks due to the difficulties faced by its electric vehicle (EV) subsidiary, VinFast Auto (NASDAQ:VFS). The EV manufacturer’s financial troubles have been amplified by its dependency on sales to associated...

The EV king, Tesla Inc (NASDAQ: TSLA) got its long-awaited electric pickup on the road before 2023 ended. But its competitors, namely BYD Company Limited (OTC: BYDDY) accelerated during the last quarter of the year and surpassed Tesla for the first time, quarter-wise, although the EV king still...

Vietnamese electric vehicle (EV) manufacturer VinFast Auto (NASDAQ:VFS) has debuted its first-ever electric pickup truck concept, the VF Wild, at CES 2024 in Las Vegas, Nevada. What Happened: As reported in a press release on Tuesday, the VF Wild, with its length of 209 inches and width of 79...

Vietnamese EV manufacturer VinFast (NASDAQ:VFS) has initiated a major overhaul of its executive leadership, placing its founder, Pham Nhat Vuong, at the helm as CEO. What Happened: Vuong, who is also the founder and chairman of VinFast’s parent company, Vingroup, has succeeded Le Thi Thu Thuy...

The electric vehicle manufacturer from Vietnam, VinFast Auto (NASDAQ:VFS), experienced a significant drop in its stock, despite no apparent reason behind the move. As per Barron’s report, VinFast’s share price plunged by 12%, to $8.15 in the afternoon session, while...

The CEO of Vietnamese EV maker VinFast (NASDAQ:VFS), Thuy Le, dismissed concerns over the company’s fluctuating stock value, expressing confidence in the company’s potential, particularly in Southeast Asia’s emerging electric vehicle sector, Nikkei Asia reported. Thuy made...

Renowned short seller Jim Chanos expressed concerns over the soaring $200 billion market capitalization of Vietnamese EV maker VinFast Auto (NASDAQ:VFS), terming it a ‘$200B meme-stock’. What Happened: In a recent post, Chanos (under the alias “Diogenes” on X/Twitter)...

Vietnamese EV manufacturer VinFast (NASDAQ:VFS) becomes the third largest automaker by market capitalization globally, following closely those of Tesla (NASDAQ:TSLA) and Toyota (OTC:TOYOF), Nikkei Asia reported. VinFast’s shares soared 20% in the U.S. market on Monday, pushing...

In today’s market, both the S&P 500 and Nasdaq indices experienced fluctuations. On Tuesday, the S&P 500 closed 0.28% lower at 4,387.55, while Nasdaq ended the day higher by 0.06% at 13,505.87. The Dow Jones Industrial Average was down 0.51% at 34,288.83. These are the top stocks that...

Pham Nhat Vuong, the founder of VinFast Auto Ltd. (NASDAQ:VFS), lost about $18 billion following a sharp decline in the company’s shares. What Happened: The Vietnamese electric vehicle manufacturer’s shares closed at $15.40 on Friday, marking the end of a volatile week for the company....

Vietnamese electric vehicle manufacturer VinFast (NASDAQ:VFS) concluded its first day of trading on the Nasdaq with an impressive market capitalization of approximately $86 billion. What Happened: This valuation stands war higher than that of established American automotive giants...

The stock market faced a challenging day, with shares trading lower amid a weakened macroeconomic sentiment. Concerns arose from recent Chinese economic data and a warning from Fitch, suggesting potential downgrades for additional banks. However, these concerns were somewhat offset by strong US...

As Vietnamese EV Maker VinFast is all set to begin trading on the Nasdaq on Tuesday, the Environmental Protection Agency (EPA) has listed the company’s vehicles on the website with disappointing range. What Happened: According to the EPA website, the Vinfast VF 8 City Edition...