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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.
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.
5h
on MSN
Global EV sales up 35% in October, Europe ekes out a gain
Global sales of fully electric and plug-in hybrid vehicles rose 35% in October from the same month last year, with growth ...
Hosted on MSN
53m
Exclusive-Chinese giant CATL pushes beyond batteries into power grids, EV platforms
Customers could then launch their own customized EVs by designing only the interior and exterior. The goal, Zeng said, is to ...
Fast Company
20h
Gas stations won’t go away after the EV revolution—they’ll just get better
But for those looking for clues about the future of
EV
infrastructure in the U.S., it may be more instructive to look past ...
19h
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 ...
E&E
19h
Trump could oversee an EV ‘battery boom’ — or bust
The incoming administration is expected to make key decisions that will mold the electric vehicle supply chain.
Yahoo
4h
Toyota, A Company With Almost No EVs, Says California's EV Mandates Are 'Impossible' To Meet
Toyota is pushing back against California stringent
EV
mandates, some of which start to kick in in less than two years. The ...
Electrek
7h
Rivian (RIVN) and Volkswagen officially launch their new EV business partnership
Rivian (RIVN) and Volkswagen, an upcoming EV startup and one of the world’s largest automakers, are teaming up to ...
1d
Honda Prologue EV, Via General Motors, Is A Hit—And Price Helps
You can thank General Motors for the Honda Prologue. Like the Chevy Blazer it's based on, price and incentives are helping ...
23h
on MSN
EV chargers hit by spate of cable thefts
Joe Otten, chair of the street scene committee, said it was believed the cables were being taken for their scrap value, ...
GM Authority
53m
2025 Chevy Silverado EV Offers New Gameday Tailgate Package
The 2025 Chevy Silverado EV has many updates, including this Gameday Tailgate Package, which includes an in-bed audio system, ...
koaa
37m
City of Pueblo unveils EV Readiness Plan Monday
PUEBLO — Pueblo wants to be more electric vehicle (
EV
) friendly. The city unveiled its
EV
Readiness Plan Monday. The plan aims to create a vehicle charging infrastructure in the Steel City to ...
7h
on MSN
Trump’s EPA pick Lee Zeldin is the EV industry’s worst nightmare
President-elect said on social media that he will appoint former Congressman Lee Zeldin, a noted anti-environmental hardliner ...
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