{"id":12376,"date":"2023-05-17T08:28:54","date_gmt":"2023-05-17T06:28:54","guid":{"rendered":"https:\/\/investmentbell.com\/?p=12376"},"modified":"2023-08-30T13:56:00","modified_gmt":"2023-08-30T11:56:00","slug":"vietnam-ev-maker-vinfast-expects-to-break-even-by-end-2024-founder","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/it\/news\/market-overview\/vietnam-ev-maker-vinfast-expects-to-break-even-by-end-2024-founder\/","title":{"rendered":"Vietnam EV maker Vinfast expects to break even by end-2024 &#8211; founder"},"content":{"rendered":"<p>HANOI (Reuters) &#8211; Vietnam&#8217;s electric automaker VinFast expects to break even by the end of 2024, its founder said on Wednesday.<\/p>\n\n\n\n<p>Vinfast will also launch an EV-pickup truck and a city or &#8220;mini car&#8221; as future models, Pham Nhat Vuong, chairman of conglomerate Vingroup and founder of its auto unit VinFast, told investors at the company&#8217;s annual general meeting.<\/p>\n\n\n\n<p>VinFast said earlier this month that it would list in the United States via a merger with a special purpose acquisition company (SPAC) Black Spade Acquisition Co.<\/p>\n\n\n\n<p>Black Spade is a Hong Kong-based SPAC, which listed on the NYSE in July 2021 with a plan to merge, within two years, with a company ideally in the entertainment business, according to its website.<\/p>\n\n\n\n<p>VinFast, which is looking to break into the U.S. and European markets for electric cars, had earlier received funding pleges of $2.5 billion from Vingroup, Vietnam&#8217;s largest conglomerate, and its founder, Vuong, Vietnam&#8217;s first billionaire.<\/p>\n\n\n\n<p>VinFast&#8217;s SPAC deal is expected to close in the second half of 2023.<\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost12376\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost12376').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>HANOI (Reuters) &#8211; Vietnam&#8217;s electric automaker VinFast expects to break even by the end of 2024, its founder said on Wednesday. Vinfast will also launch an EV-pickup truck and a city or &#8220;mini car&#8221; as future models, Pham Nhat Vuong, chairman of conglomerate Vingroup and founder of its auto unit VinFast, told investors at the [&hellip;]<\/p>","protected":false},"author":13,"featured_media":12377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":{"0":"post-12376","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-overview-news"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/posts\/12376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/comments?post=12376"}],"version-history":[{"count":1,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/posts\/12376\/revisions"}],"predecessor-version":[{"id":145757,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/posts\/12376\/revisions\/145757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/media\/12377"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/media?parent=12376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/categories?post=12376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/tags?post=12376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}