EV maker VinFast worth more than US car manufacturers
VinFast is worth more than Ford or GM. The Vietnam-based electric vehicle manufacturer has reached a higher market valuation - $37 per share and $85 billion in total - than the two American automobile giant on its debut day of trading on the New York Stock Exchange. VinFasts estimation beat out the two landmark brands, as Ford closed the day at $48 billion, while GM stood at $46 billion amid the continuing expansion of the EV market. The news has made Pham Nhat Vuong, the founder and chairman of the company, roughly $39 billion richer after already being crowned the south-east Asian country’s ...