VinFast: Vietnam EV maker valued at more than Ford or GM

2023-08-16 10:22

The share sale on Nasdaq values VinFast at $85bn (£67bn) compared to Ford's $48bn or GM's $46bn.

Vietnamese electric vehicle (EV) maker VinFast's stock market valuation has soared above Ford and General Motors (GM) on its first day of trading.

Shares in the firm, which has yet to make a profit, surged by 255% in their debut on New York's Nasdaq.

That gave VinFast a stock market valuation...