A man stands next to a VinFast vehicle at the company's plant in Hai Phong, Vietnam. “Valuation or the size of our IPO will be subject, in part, to market conditions,” says VinFast chief executive Le Thi Thu Thuy. — Reuters
HANOI: Vietnam’s electric vehicle (EV) maker VinFast says it has filed for an initial public offering (IPO) in the United States to list on the Nasdaq under ticker symbol “VFS” to fund its expansion with a planned plant in North Carolina.
VinFast, which began operations in 2019, is gearing up to expand in the US market, where it hopes to compete with legacy automakers and startups with its two all-electric SUVs, the VF8 and VF9, including battery leasing to reduce the purchase price.
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