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Vietnam’s Vingroup strikes tech deals to take EV business global
VinFast teams up with Intel and battery developers, targeting 1 million cars in six years.
3 mins read
VinFast
Deals with Credit Suisse, Citigroup come ahead of planned IPO.
Will a bold plan for American sales, production, and IPO pay off for the challenger?
The Vingroup arm also announced a battery subscription service and will issue NFTs.
The move follows the Vingroup unit’s plan to build an EV factory in North Carolina.
VinFast is set to go public in the US in the second half of 2022, per Bloomberg.
In April, the company said it is considering a US IPO or SPAC merger that could value VinFast at around USD 60 billion.