Vinfast rallies on after becoming world’s third-most valuable automaker

📆 29/8/2023 1:18 AM
📰 globeandmail

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 92%

Malaysia Malaysia Headlines News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Vietnamese electric-vehicle maker extends a rally from last week that more than quadrupled its market value to $160-billion

) surged 21% on Monday, extending a rally from last week that more than quadrupled its market value to $160 billion.

The stock was on track to add nearly $33.6 billion to its market capitalization, based on a share price of $83.33. Despite the market enthusiasm, Vinfast faces a long road before it can start competing meaningfully with Tesla and legacy automakers that are pouring billions of dollars to grab a share of the EV market.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vinfast rallies on after becoming world's third-most valuable automaker(Reuters) - Shares of Vietnamese electric-vehicle maker Vinfast surged 30% in premarket trading on Monday, extending a rally from last week that more ...
Source: SaltWire Network - 🏆 45. / 63 Read more »