Vietnam EV maker VinFast plans US listing in August after regulator nod

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HANOI : Vietnamese electric vehicle maker VinFast is planning to list in the United States next month via a blank-cheque company after the Securities and Exchange Commission gave the go ahead to its proposed business combination. VinFast, which began operations in 2019, is gearing up to expand in the U.S.

HANOI : Vietnamese electric vehicle maker VinFast is planning to list in the United States next month via a blank-cheque company after the Securities and Exchange Commission gave the go ahead to its proposed business combination.

VinFast and Black Spade aim to complete the merger by August, subject to shareholder approvals and other customary closing conditions, they said in a joint statement on Friday. VinFast's move to list via a SPAC follows the likes of EV companies Faraday Future, Nikola Corp and Lucid, despite a cooling in the once frenzied SPAC market, which has come under closer SEC scrutiny.

 

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