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VinFast and Black Spade Announce $27B Merger For August IPO

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VinFast and Black Spade Announce $27B Merger For August IPO via InsideEVs

InsideEVs was present at VinFast's groundbreaking event for its upcoming North Carolina manufacturing facility. Along with the firm's executives, the governor of North Carolina, Roy Cooper, attended to share some words about the venture."Our entire team from transportation, to environment, to commerce, to our community colleges, we have all been working on this [VinFast's NC manufacturing facility]," said Cooper.

VinFast's global CEO, Madame Thuy Le, said,"Today represents a remarkable milestone in advancing VinFast's presence in the U.S. as we move towards our proposed U.S. listing. Along with this exciting step, today we also celebrate the start of construction of our electric vehicle factory in North Carolina.

VinFast is moving rapidly with its manufacturing presence and potential public listing. VinFast has an enterprise value of $27 billion and an equity value of $23 billion. Despite the company's significant manufacturing infrastructure, the Vietnamese automaker is still unknown to many and early reviews indicate that its cars are not ofGallery: VinFast Groundbreaking Ceremony

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