HANOI/SINGAPORE, July 17 (Reuters): Vietnam carmaker VinFast said it has tapped Credit Suisse and Citigroup to raise at least $4 billion to build its planned electric vehicle factory in North Carolina and fund its US expansion.
This week's announcement marks the most significant development for the company, which is betting big on the US market, where it hopes to compete with legacy automakers and startups with electric SUVs and a battery leasing model.
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