ArenaEV.com ArenaEV.com

Facebook

Twitter

Instagram

RSS

Settings
Units
Power
Standard
Consumption
Currency

Log in

Login

I forgot my password
Sign up
ADVERTISEMENTS

Vietnamese EV maker VinFast files for IPO in the US

  • Post your comment

Vlad, 07 April 2022

VinFast

Vietnamese EV maker VinFast is looking to raise some money on the US stock market, thus filing for an initial public offering (IPO) with the Securities and Exchange Commission (SEC).

VinFast is a unit of Vietnamese conglomerate Vingroup, and it's the biggest car maker in Vietnam. The company says it hasn't yet decided on the size of the IPO for the US, but Bloomberg News estimates that the share sale could raise about $2 billion.

That would make it the biggest ever IPO by a Vietnamese company in the US, but that's not a high bar as only a handful of such companies are even listed in the US.

Vietnamese EV maker VinFast files for IPO in the US

Before the IPO, VinFast is also exploring a different funding round to raise $500 million to $1 billion.

The company plans to open an EV factory in North Carolina, which should become operational in 2024. The plant is the first phase in a planned US expansion that will total investments of up to $6 billion. US President Joe Biden called the North Carolina factory alone a $4 billion investment that would create more than 7,000 jobs.

VinFast wants to start delivering cars in the US, Canada, France, Germany, and the Netherlands in late 2022, with prices for its VF8 and VF9 electric SUVs ranging from $41,000 to $61,000. It began deliveries of its first EVs in Vietnam in December, and is looking to expand internationally very quickly.

Via

Related articles
  • VinFast VF3 EV launches overseas VinFast VF3 EV launches overseas
  • VinFast VF 3 deliveries start, price is under $13,000 VinFast VF 3 deliveries start, price is under $13,000
  • VinFast creates a dedicated global EV charger company called V-Green VinFast creates a dedicated global EV charger company called V-Green
  • VinFast VF Wild mid-size electric pickup concept debuts at CES 2024 VinFast VF Wild mid-size electric pickup concept debuts at CES 2024
  • Post your comment
Total reader comments: 0

  • Home
  • Compare
  • News
  • Terms
  • Reviews
  • About us
  • Tesla
  • Volkswagen
  • Audi
  • Porsche
  • BMW
  • Mercedes
  • Hyundai
  • Kia
  • Genesis
  • Renault
  • Nissan
  • Ford
  • Volvo
  • Polestar
  • Jaguar
  • Toyota
  • Mazda
  • Mini
  • MG
  • Vinfast
  • Lucid
  • Rivian
  • Cadillac
  • Chevrolet
  • GMC
  • Subaru
  • Nio
  • Xpeng
  • BYD
  • [..]

EV finder

ADVERTISEMENTS

Latest models

  • ModelXiaomi
    YU7 Max
  • ModelNissan
    Leaf 75kWh
  • ModelTesla
    Model S Plaid
  • ModelNissan
    Micra EV 52kWh
  • ModelTesla
    Model X Plaid
  • ModelGenesis
    GV60 Performance AWD

Featured

  • Benefits of dedicated EV platforms Benefits of dedicated EV platforms
  • Real-life test reveals how much range EVs lose in the cold Real-life test reveals how much range EVs lose in the cold
  • Different types of electric motors used in EVs Different types of electric motors used in EVs
  • Why BMW i3 was ahead of its time Why BMW i3 was ahead of its time
  • Why electric cars don't have conventional gearboxes Why electric cars don't have conventional gearboxes
ADVERTISEMENTS

Reviews

  • Xpeng P7 AWD quick review and drive Xpeng P7 AWD quick review and drive
  • 2024 Hyundai Kona Electric 65.4 kWh review 2024 Hyundai Kona Electric 65.4 kWh review
  • Jeep Avenger review Jeep Avenger review
  • 2024 Tesla Model 3 Long Range review 2024 Tesla Model 3 Long Range review

Home News Compare About us RSS feed Facebook Twitter Instagram

© 2022-2025 ArenaEV.com Mobile version EV Finder Glossary Privacy Terms of use

From the team behind
GSMArena.com