Vietnamese tycoon pledges additional $2 billion infusion for struggling EV maker VinFast

VinFast North Carolina — VinFast delayed construction of a plant in North Carolina for three years. Pictured is a rendering of the plant. (VINFAST/VinFast)

November 12, 2024 11:38 AM

Vietnamese billionaire Pham Nhat Vuong pledged to invest about $2 billion into VinFast Auto Ltd., another major capital infusion from his personal wealth for the struggling electric vehicle maker.

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Vietnamese tycoon pledges additional $2 billion infusion for struggling EV maker VinFast

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