Vietnamese electric-vehicle taxi operator GSM, part of the Vingroup stable of companies, plans to list in Hong Kong in what could be the first IPO in the city by a firm from the Southeast Asian nation, two sources said.
MARKHAM, Ontario--(BUSINESS WIRE)--When you're sorting through family-friendly EV options, a smart shortcut is to focus on the models that make travel feel effortless, and the VF 8 is a handy example of how the right mix of space, comfort and electric performance can turn routine miles into smoother, more enjoyable trips. Choosing the next family vehicle is never just about ticking boxes. It is...
It just opened its first factory in the most populous nation in its region. The Subang plant in Indonesia will produce several of the EV maker's models.
MARKHAM, Ontario--(BUSINESS WIRE)--Canada's rising interest in roomy electric travel is putting the VinFast VF 9 on families' radar as a calm, comfortable alternative to traditional full-size SUVs. On a muted winter morning in Vancouver's Burnaby Heights, the VinFast VF 9 makes little sound as it rolls away from a row of modest brick houses. The electric motors wake almost imperceptibly. Inside...
MARKHAM, Ontario--(BUSINESS WIRE)--From VinFast's electric cars on Canadian roads to new ventures in energy and culture, Vingroup's expansion reflects Vietnam's evolution from a manufacturing base into a confident, innovation-driven economy with global reach. A VinFast VF 9 glides through a quiet Toronto street on an early winter morning. Snow dusts its hood. The driver, a Vietnamese-Canadian e...
VinFast reported strong Q3 revenue growth but continues to face significant losses and cash burn. VFS remains heavily dependent on financial support from its founder and parent company to maintain operations, raising sustainability concerns. The stock is unattractive, as it trades to a significant premium as compared to most EV names.
VinFast Auto Ltd (NASDAQ:VFS) reported third quarter results that fell short of Wall Street expectations, even as the Vietnamese electric vehicle (EV) maker posted significant year-over-year growth in both sales and deliveries. Revenue for the quarter came in at approximately $719 million, up about 47% from the same period last year and roughly 9% higher than the previous quarter.
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