Loss-making EV maker VinFast secures $3.35b from founder, Vingroup

Loss-making EV maker VinFast secures $3.35b from founder, Vingroup

The VinFast VF3 eSUV is displayed at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 9, 2024. REUTERS/Steve Marcus

Vietnam’s VinFast, a Nasdaq-listed electric vehicle maker, announced on Tuesday that it has secured a commitment for financial support worth 85 trillion dong ($3.35 billion) from its founder, Pham Nhat Vuong, and its parent company, Vingroup.

Edited by: Joymitra Rai