"I plan to give VinFast USD 1 billion from my own pocket," he said without specifying a time frame. Vuong is the chief executive of VinFast, in which he has a 97% stake in direct ownership and through companies he controls.
The Consumer Electronics Show (CES) 2024 showcased groundbreaking electric vehicle (EV) concepts. Honda debuted the Saloon and Space-Hub models from its 0 Series. Kia revealed its Platform Beyond Vehicle (PBV) strategy with the Concept PV5, Concept PV7, and Concept PV1. VinFast Auto presented the VF Wild, an eco-friendly and innovative electric pickup truck. Hyundai introduced the MOBION EV with advanced e-Corner System motion technology.
Vinfast EV Battery Making: VinFast, which made its Nasdaq debut in August, plans to set up kit assembly plants in nickel-rich Indonesia, with plans to bring VinES along to take advantage of the material to produce battery, Thuy Le told analysts last month.
The EV carmaker opened trading at $22, more than double the $10 per share agreed with VinFast s SPAC partner Black Spade Acquisition that had valued VinFast at $23 billion.