VINGROUP
Andhra govt, BPCL explore possibility of setting up Rs 70,000 cr petrochemical complex Andhra Pradesh Chief Minister N Chandrababu Naidu met with Bharat Petroleum Corporation Ltd officials to discuss establishing an oil refinery and petrochemical complex, potentially attracting investments of Rs 70,000 crore. Naidu emphasized the stat...
10 Jul, 2024, 09.50 PM ISTVinFast set to drive into India with locally assembled cars VinFast, the EV arm of Vietnam's biggest conglomerate Vingroup, is expected to launch its first locally assembled car during the 2025 festive season. It is likely to sell its vehicles in the ₹25-30 lakh range, placing them in the premium affordable ...
03 Jul, 2024, 01.49 PM ISTVinFast making a tiny EV for about Rs 8 lakh to change its fortunes. Is it coming to India? Designed specifically for the Vietnamese and other Asian markets, the VF3 is priced for "mass appeal", according to VinFast. The VF3 might also appeal to Indian families looking for a compact car with a range suitable for getting around in India's c...
25 Jun, 2024, 05.28 PM IST- ADVERTISEMENT
VinFast pushes ahead with Asia expansion, expects to open India plant ahead of schedule VinFast in January signed an agreement with the Indian state of Tamil Nadu to invest as much as $2 billion in the country as it seeks to break into one of the world’s biggest auto markets. Work on the plant started in February, with an initial inves...
12 Jun, 2024, 04.04 PM ISTVinFast VF e34 electric SUV spotted in India. Here's what we know about it VinFast, an EV maker, has started building an integrated EV facility in India, particularly in Tamil Nadu. A test mule of its electric SUV, the VF e34, has been spotted on Indian roads.
10 Jun, 2024, 01.53 PM ISTJust 50 days after signing MoU, TN CM lays foundation stone for VinFast's EV plant in south TN Tamil Nadu CM, M K Stalin, laid the foundation stone for VinFast Auto Ltd's EV manufacturing facility with an investment of Rs 16,000 crore. The facility in Tuticorin will generate 10,000+ jobs, contributing to the Dravidian Model Economy and distri...
25 Feb, 2024, 06.56 PM ISTA Tesla rival is driving into India. What lies ahead for it VinFast, a small electric vehicle (EV) maker backed by Vietnam's largest conglomerate, is expanding into India. The company plans to establish a $2 billion EV facility in Tamil Nadu and intends to build a nationwide dealership network. VinFast aims ...
10 Feb, 2024, 03.21 PM ISTVietnam EV maker VinFast names founder as CEO, replaces CFO Pham Nhat Vuong, 55, replaces Le Thi Thu Thuy, who had held the post since late 2021, VinFast said in a statement. Thuy, a finance expert, will serve as chairwoman and lead engagement with external stakeholders.
06 Jan, 2024, 10.24 AM ISTVietnam EV maker VinFast names founder as CEO, replaces CFO Vuong, 55, replaces Le Thi Thu Thuy, who held the post since late 2021, VinFast said in a statement. The company named Nguyen Lan Anh as chief financial officer. (Reporting by Phuong Nguyen; Editing by William Mallard)
06 Jan, 2024, 09.10 AM ISTVinfast to set up EV plant in Tamil Nadu’s Thoothukudi The total investment in the 400-acre facility could eventually touch as much as $1 billion or even more, sources said, adding that VinFast is likely to make an official announcement on Saturday.
06 Jan, 2024, 06.01 AM ISTHow is Southeast Asia's charge to EVs going? Southeast Asia races to boost electric vehicle demand amid environmental concerns. Indonesia, Malaysia, Thailand, and Vietnam lead, but challenges like low market penetration persist. Subsidies, tax exemptions, and local assembly aim to spur growth,...
20 Nov, 2023, 06.14 PM ISTVinFast begins shopping for land to drive into the EV market in India Vietnamese electric vehicle maker VinFast Auto is evaluating potential sites for its upcoming manufacturing facility and has already reviewed two locations in Tamil Nadu, people aware of the developments told ET.
29 Oct, 2023, 09.13 AM ISTVietnam's Vinfast committed to selling EVs to US despite challenges, intense competition Worldwide, Vinfast sold just 19,562 EVs from April-September, well below its 2023 target of 50,000. But Vinfast is committed to riding the wave of countries trying to switch to EVs to cut emissions, Thuy said while speaking with The Associated Press...
25 Oct, 2023, 11.28 AM ISTVinFast plans $200 million investment to set up EV manufacturing facility in India VinFast Auto's confirmation of its India plans comes at a time when rival Tesla is also sizing up the market for a potential foray. ET had reported on September 28 that the unprofitable EV manufacturer, which also emerged as the world’s third most v...
07 Oct, 2023, 06.00 AM ISTVinFast revenues jump on EV sales to Vietnam affiliate VinFast, which is backed by Vietnam's largest conglomerate Vingroup, is gearing up to strengthen its foothold overseas, including India.
05 Oct, 2023, 08.41 PM ISTEV maker VinFast's revenues jump, plans a plant in India Vietnamese electric car maker VinFast reported a 159% year-on-year increase in revenues for Q3, reaching $343 million. The company also announced plans to establish an assembly factory in India by 2026, taking advantage of the government's incentive...
05 Oct, 2023, 07.56 PM ISTVietnam Air inks $7.8 bln deal for Boeing 737 max planes, White House says Vietnam was the world's fifth fastest-growing aviation market in 2022 when it lifted COVID-19 travel restrictions, according to the International Air Transport Association (IATA), which predicts the country will serve 150 million air transport passe...
11 Sep, 2023, 01.27 PM ISTUS, Vietnam firms hold business summit during Biden visit; AI deals unveiled Senior executives from Google, Intel, Amkor, Marvell, GlobalFoundries and Boeing are attending the Vietnam-U.S. Innovation & Investment Summit, according to a draft agenda that confirms a Reuters report.
11 Sep, 2023, 09.51 AM ISTTop US chipmakers, tech firms to attend Vietnam meeting as Biden visits Senior executives from Google, Intel, Amkor, Marvell, GlobalFoundries and Boeing are among expected attendees.
09 Sep, 2023, 04.41 PM ISTHow a small EV maker became more valuable than Ford and General Motors combined The last time a stock with a tiny free float rose from relative obscurity to the ranks of the world’s largest companies, it didn’t end well. AMTD Digital Inc., another US-listed company with roots in Asia, soared more than 32,000% in the span of a f...
30 Aug, 2023, 08.57 AM IST