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VinFast signs non-binding $1 billion funding deal with Emirati investors, source says

Channel News Asia LogoChannel News Asia1d ago

VinFast signs non-binding $1 billion funding deal with Emirati investors, source says - Channel News Asia

Quick Summary:

HANOI : Vietnamese electric car maker VinFast has reached a non-binding deal with a consortium of Emirati investors to receive at least $1 billion funding, according to a person with direct knowledge of the agreement.

FILE PHOTO: VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, California, U.S., March 1, 2023.

Emirates Driving Company did not immediately respond to an email seeking confirmation and Vingroup, the parent company of VinFast, declined to comment.


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VinFast signs non-binding $1 billion funding deal with Emirati investors, source says - Channel News Asia (Picture 1)VinFast signs non-binding $1 billion funding deal with Emirati investors, source says - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 19:00:11 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 188 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23337830

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 59 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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