Vietnamese billionaire Pham Nhat Vuong pledged to invest about $2 billion into VinFast Auto Ltd., another major capital infusion from his personal wealth for the struggling electric vehicle maker.

Even with this decline, VinFast's market cap still hovers around $40 billion. This positions the firm above seasoned EV players like Nio Inc. (NIO) and nearly on par with General Motors Co. (GM).

But 2024 is one of those rare times. A new player in the auto world has emerged- the brand is called VinFast. Based out of ...

VinFast (NASDAQ: VFS) published news on its delivery figures, and this was met with great enthusiasm by Mr. Market. Investors hit the gas pedal hard on the upstart Asian electric vehicle (EV ...

VinFast Auto (VFS) has released an update. VinFast Auto has become the leading car brand in Vietnam’s passenger car market, delivering over 9,300 electric vehicles in September, surpassing ...

VinFast Auto (VFS) has released an update. VinFast Auto reported a remarkable 66% increase in electric vehicle deliveries in Q3 2024, totaling 21,912 units, a significant milestone for the ...

It also notched the all-time high monthly figure in its home market. Well before market open, VinFast announced that it delivered a total of 21,912 EVs in the third quarter of this year.