Source: Vinfast’s EV ambitions just got a $2.5B boost
Summary
Vietnam-based EV maker Vinfast is set to receive a $2.5bn capital infusion to finance its US expansion plans, which include setting up a factory in North Carolina and opening showrooms and service centres across the country. The investment will include $1.5bn of funding from parent company Vingroup, and billionaire Pham Nhat Vuong’s personal foundation.
Fact
💸 Vinfast is set to receive $2.5 billion in funding to finance its upcoming expansion plans to compete in the US electric vehicle market.