VinFast becomes world's third-most valuable automaker with stock rally

📆 29/8/2023 8:02 am
📰 therealautoblog

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Despite selling a little more than 100 cars in America, Vietnamese electric car company VinFast shares rose to make it the third most valuable automaker.

But Vinfast's small amount of publicly available shares has made the stock prone to volatility, with shares jumping or slumping more than 14% in 11 of the past 12 sessions.

VinFast's shares were among the most actively watched on Stocktwits, a popular website with retail investors.

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Vinfast rallies on after becoming world's third-most valuable automakerShares of Vietnamese electric-vehicle maker Vinfast surged 30% in premarket trading on Monday, extending a rally from last week that more than quadrupled its market value to $160 billion.
Source: Reuters - 🏆 2. / 97 Read more »