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Vingroup charges into Asian EV brand race in U.S. and Europe

Vietnamese conglomerate weighs IPO to raise profile little known abroad

A VinFast electric vehicle: The company is aiming to eventually sell 160,000 to 180,000 vehicles a year in the U.S. (Photo courtesy of VinFast)

HANOI -- Vingroup, Vietnam's largest conglomerate, is pulling out all the stops as it prepares to break into Western auto markets with its first electric vehicles, just a few years after its first foray into auto manufacturing.

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