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NEW YORK, 16 August 2023: VinFast’s NASDAQ Debut VinFast Auto Ltd, the driving force behind accessible and sustainable electric vehicles (EVs), has achieved a major milestone by listing its shares on the Nasdaq Global Select Market. The ticker symbol “VFS” represents the company, valuing it at over USD 23bn.
Successful Business Combination
VinFast’s listing follows the successful merger with Black Spade Acquisition Co on August 14, 2023. This pivotal event was celebrated with the ringing of the opening bell at Nasdaq Stock LLC. Former now stands as the most valuable Vietnamese company listed on the US stock market.
Empowering Leadership and Vision
Global CEO Le Thi Thu Thuy, widely known as Madame Thuy Le, continues to lead VinFast Auto Ltd. alongside a seasoned and diverse senior management team. Black Spade, now part of the combined entity, contributes strategic guidance and investor engagement support.
Global Electric Vehicle Revolution
Madame Thuy Le emphasizes VinFast’s role in accelerating the global EV revolution by making intelligent, safe, and eco-friendly EVs accessible worldwide. This listing amplifies company’s commitment to sustainable mobility while unlocking avenues for future growth and development.
Impressive EV Portfolio
VinFast has already delivered nearly 19,000 EVs, including models such as VF e34, VF 5, VF 8, and VF 9, as of June 30, 2023. The company is poised for further expansion with upcoming launches of VF 3, VF 6, and VF 7 models in both Vietnamese and global markets.
Innovative Infrastructure and Global Reach
VinFast’s foothold in the Vietnamese market includes an extensive charging network across 63 cities and provinces. This network, along with over 122 company owned stores worldwide, strengthens its position in the industry.
Global Partnerships for Expansion
VinFast’s global ambitions are realized through strategic partnerships with distributors and dealers in North America, Europe, Vietnam, and Southeast Asia. The company’s groundbreaking at a new EV manufacturing facility in the US underlines its commitment to global expansion and supply chain development.
Driving the Vietnamese Economy
VinFast’s NASDAQ listing sets an example for Vietnamese brands to take a more active role in the global economy. Today’s event, a bell-ringing ceremony at Nasdaq, solidifies company’s place in the world’s largest capital market, paving the way for a future of innovation and growth.
Conclusion
VinFast’s NASDAQ listing symbolizes a groundbreaking achievement in the realm of electric mobility. As the company continues to advance its EV offerings, expand its global presence, and empower other Vietnamese brands, it sets a remarkable precedent for sustainable and impactful growth in the automotive industry.
