VinFast to break ground for integrated EV facility in India

VinFast to break ground for integrated EV facility in India

VinFast Auto, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, will break ground on its integrated manufacturing project in Thoothukudi city, Tamil Nadu, India this Sunday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam carmaker VinFast to get $500 mln loan from US development institution

Vietnam carmaker VinFast to get $500 mln loan from US development institution

Vietnamese electric vehicle maker VinFast and the U.S. International Development Financial Corporation (DFC) have signed a letter of interest (LoI) to consider a formal application by VinFast for a $500 million loan to establish a lithium-ion battery manufacturing facility in Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Singapore’s Jardine Cycle & Carriage buys automaker Thaco bonds worth $350 mln

Singapore’s Jardine Cycle & Carriage buys automaker Thaco bonds worth $350 mln

Jardine Cycle & Carriage, an investment holding company in Singapore, has spent $350 million on buying bonds of Thaco, one of the biggest automakers in Vietnam, in a private placement.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Automaker VinFast enters $1 bln standby equity subscription agreement with Yorkville Advisors

Automaker VinFast enters $1 bln standby equity subscription agreement with Yorkville Advisors

VinFast, the electric vehicle (EV) maker under Vietnamese private conglomerate Vingroup, has entered a standby equity subscription agreement with Yorkville Advisors, a global investment fund manager.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7