FILE PHOTO: Attendees view VinFast's E36 SUV at the 2021 LA Auto Show in Los Angeles, California, U.S. November 17, 2021. REUTERS/Mike Blake/File Photo
SINGAPORE (Reuters) -Vietnam's largest conglomerate Vingroup is in talks with investors, including Qatar's sovereign fund and BlackRock, to raise about $1 billion in equity for its car unit, three sources aware of the matter said.
The fundraising exercise comes as VinFast, Vingroup's automobile arm, is betting big on the U.S. market, where it hopes that its electric SUVs and a battery leasing model will be enough to woo consumers away from the likes of Tesla and General Motors.
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