Vietnam EV maker VinFast to shift HQ to Singapore ahead of IPO, first exports


A group of owners of VinFast's e34 electric car pose for pictures at an event organized by the Vietnamese carmaker in Ha Long, Vietnam April 7, 2022. Picture taken April 7, 2022. REUTERS/Kevin Krolicki

(Reuters) - Vietnam's VinFast is shifting its headquarters to Singapore as the fledgling electric vehicle (EV) maker readies for a public listing and the first production run of cars for U.S. and European markets, its chief executive told Reuters.

The three-year-old unit of conglomerate Vingroup JSC will start building its VF8 sport utility vehicle (SUV) next week, its own EV batteries in August, and a $4 billion U.S. factory by summer-end, Le Thi Thu Thuy said in an interview.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

This exoskeleton can boost your physical capabilities
This AI-focused chip is powered by light
Study warns users about health information on TikTok
Apple renews talks with OpenAI for iPhone generative AI features, Bloomberg News reports
Google plans $3 billion data center investment in Indiana, Virginia
X tells Brazil court 'operational faults' allowed blocked users to remain active
TikTok general counsel to step down, will focus on fighting US law
Google asks court to throw out US advertising case
Apollo, KKR and Stonepeak to invest in JV to fund Intel's Ireland facility, Bloomberg reports
Televisa to merge its satellite TV, cable units 'as soon as possible'

Others Also Read