Vietnamese electric vehicle maker valued at more than Ford
1 year ago
114
Vietnamese electric vehicle (EV) maker VinFast's stock market valuation has soared above Ford and General Motors (GM) on its first day of trading.
The shares sale on the Nasdaq valued VinFast at $85bn compared to Ford's $48bn and GM's $46bn.
It comes as motor industry giants and newer manufacturers fight for a slice of the booming EV market.
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