VinFast

Vietnamese EV maker VinFast has successfully completed its Special Purpose Acquisition Company (SPAC) merger with Black Spade Acquisition Company and will begin trading on the Nasdaq stock market on August 15, Electrek reports. The merger’s completion comes shortly after Black Spade...

Vietnamese EV maker VinFast provides a basic vehicle warranty that far exceeds most other EV makers, including Elon Musk’s Tesla Inc (NASDAQ:TSLA). What Happened: The company provides up to 10 years or 125,000 miles bumper-to-bumper warranty on its new vehicles and...

As the stock market came back up strongly in the first half of 2023, the market for initial public offerings saw a rebound from an anemic showing in 2022. Activity Picks Up Pace. The U.S. IPO market saw 58 offerings so far this year, up 31.8%, and total proceeds jumped 125.5% to $9.8 billion, data...

Less than six months after debuting its first electric vehicles in the United States, Vietnamese EV manufacturer VinFast announced on Tuesday its plans to begin construction of an EV factory in Chatham County, North Carolina, starting next Friday. What Happened: The factory...

Vietnamese EV maker VinFast entered the U.S. market with the delivery of 45 VF 8 City Edition SUVs in March. Since then, it has accumulated multiple bad reviews and has recalled several vehicles citing an issue that might cause their displays to go blank. What Happened: Car-focused...

Vietnamese EV maker VinFast has introduced a new aftersales program to provide assistance to its customers in case they encounter any issues with their vehicles.  What Happened: Under this program, customers will be eligible for service vouchers or cash, depending on the problem....

Vietnamese EV maker VinFast is recalling certain 2023 VF8 vehicles in less than three months of its first deliveries, citing a software issue. What Happened: The software issue might cause the multifunction head unit (MHU) display to go blank and not show critical safety information like...

Vietnamese EV maker VinFast on Wednesday said that it would commence delivery of its VF 8 SUV to customers in Canada in June. What Happened: VinFast has received all necessary certifications for selling its VF 8 in Canada and it will commence deliveries in June, the company said in a statement on...

Electric vehicle (EV) company VinFast is going public via SPAC merger in a deal announced Friday morning. Here are the key details. The SPAC Deal: VinFast announced a SPAC merger with Black Spade Acquisition Co (NYSE: BSAQ). The deal comes as VinFast previously filed for an initial public offering...

Vietnamese electric vehicle maker VinFast delivered its first tranche of 45 VF 8 City Edition electric SUVs to U.S. customers at California showrooms. What Happened: The deliveries, which mark the company's official entry into U.S. market and also its first sale outside Vietnam, were made at nine...

Vietnam-based electric vehicle maker VinFast lowered the lease price of its VF 8 City Edition, the first model shipped to the U.S., for new customers in California, by about 50%. What happened: VinFast said that customers could lease a VF 8 City Edition starting at $399 per month for two years.,...

Shortly after shipping electric vehicles to the U.S., Vietnamese EV maker VinFast Auto Ltd. filed for its initial public offering in the U.S. What Happened: VinFast, on Tuesday, filed a red herring prospectus with the SEC on Form F-1, which is meant for foreign issuers of equity, without stating...

Vietnamese automaker VinFast Global said on Tuesday it plans to invest up to $2 billion to build an electric vehicle factory in North Carolina. What Happened: Construction for the first phase of the factory which will make electric cars, electric buses and EV batteries will begin...

Michael Lohscheller has stepped down from his post as the CEO of Vietnamese automaker VinFast Global just months after joining the company. What Happened: The move comes as VinFast looks to realize a key U.S. expansion plan. Lohscheller, who joined VinFast in July, revealed his exit in a post...