Search Results Found For: "VinFast"

Vietnamese EV manufacturer VinFast secures $135 million for electric public bus fleet 

The Asian Development Bank (ADB) has arranged a $135-million financing package for EV manufacturer VinFast. The funds will support the company’s efforts to establish an electric public transport bus fleet and a national charging network in Vietnam. Established in 2017, VinFast is a subsidiary of Vingroup, Vietnam’s largest private enterprise, and some boosters have predicted… Read more »

Could Vietnamese startup VinFast be the next Hyundai?

Vietnamese automaker VinFast, which was founded in 2017, has global ambitions. The company recently raised $4 billion to support market launches in Germany, France, the Netherlands and the US. It has opened 6 stores in California, and is building a $2-billion manufacturing plant in North Carolina. The VinFast VF 8, an electric SUV, is scheduled… Read more »

Vietnamese EV-maker VinFast builds factory in North Carolina, plans US IPO

Vietnamese EV-maker VinFast has designs on the US auto market—the company recently began building a factory in North Carolina, and now it has filed for an initial public offering on the US stock market. VinFast is also planning a funding round that could raise up to $1 billion ahead of the IPO. At this point,… Read more »

Vietnamese automaker VinFast delivers first batch of EVs

Vietnam has joined the ranks of EV-producing nations, as automaker VinFast delivered its first batch of VF e34 EVs during a launch event at the company’s manufacturing complex in Hai Phong, Vietnam. The VF e34 is an electric SUV in the C/mid-size segment that was developed exclusively for the Vietnamese market. VinFast, which opened in… Read more »

Toyota to invest $8 billion to expand North Carolina EV battery plant

Is Toyota a sleeping giant, poised to exploit the wimpy waffling of GM and Ford, and become the EV powerhouse it should be? Or will the company continue paying lip service to e-mobility while clinging to 20th-century technology? Who knows? We won’t presume to read the green tea leaves, but we are happy to report… Read more »

AM Batteries secures $25 million in Series A financing for its dry-electrode technology

AM Batteries (AMB), a pioneer in lithium-ion dry-electrode technology, has closed a $25-million Series A financing round led by Anzu Partners. Other investors include TDK Ventures, Foothill Ventures, Toyota Ventures, Zeon Ventures, SAIC Capital, VinFast, Doral Energy-Tech Ventures, and Creative Ventures. AMB will use the funding to expand its team and accelerate its commercialization efforts,… Read more »

Battery developer StoreDot raises $80 million in Series D funding

Israeli battery developer StoreDot has raised up to $80 million in a Series D funding round that included Vingroup, bp ventures and Golden Energy. It will use the funding on research and development as well as mass production of its Extreme Fast Charging (XFC) battery cells by 2024. According to StoreDot, its research and development… Read more »

Star Charge and VinBus partner to deploy electric buses in Vietnam

The steady global spread of e-buses is one of the most exciting success stories on the e-mobility front. The latest news comes from Vietnam, where Chinese charging powerhouse Star Charge has partnered with VinBus, a subsidiary of Vietnamese conglomerate VinGroup, to launch fleets of electric buses in several cities. VinBus plans to operate a total… Read more »