HO CHI MINH CITY -- Vietnam's Vingroup has said it is willing to sell off assets to fund VinFast, its electric vehicle arm, as a backstop to ensure the Nasdaq-listed startup breaks even by 2026.
Electric vehicles
EV maker VinFast gets $3.5bn from parent and founder to break even in 2026
Vingroup arm further delays U.S. factory by four years, targeting 2028
VinFast shows off an electric sport utility vehicle at CES 2024. © Reuters
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