Chinese EV battery supplier Gotion High-tech takes $26.4m hit on VinFast share fall

Chinese EV battery supplier Gotion High-tech takes $26.4m hit on VinFast share fall

A Vinfast electric vehicle logo is shown atop one of the company's retail locations in San Diego, California, U.S.,October 20, 2023. REUTERS/Mike Blake/File Photo

Gotion High-tech, a major Chinese electric vehicle battery supplier, is taking a beating from the falling share price of Nasdaq-listed Vietnamese EV maker VinFast Auto.