The automaker's founder will supply $1.5 billion in cash via the newly created Novatech Research and Development.

VinFast’s founder Pham Nhat Vuong has agreed to buy the EV maker’s research and development arm for US$1.52 billion, his ...

HANOI: VinFast Auto Ltd is poised to raise about US$1.5 billion by selling certain research and development assets to its ...

The deal would facilitate the latest cash injection by billionaire Pham Nhat Vuong, Vietnam's richest person, to make VinFast ...

VinFast’s founder is investing $1.52B USD to buy out the automaker's R&D division, in a bid to help the firm attain ...

Vietnamese electric vehicle maker VinFast Auto Ltd. announced plans to spin off part of its research and development unit ...

VinFast's founder Pham Nhat Vuong has agreed to buy the EV maker's research and development arm for $1.52 billion, his latest ...

The Vietnamese EV manufacturer VinFast is restructuring. Certain research and development assets will be transferred to a ...

The EV marker to spin off part of its R&D unit to a newly formed company, known as Novatech Research and Development SJC.

HANOI] Vietnamese electric vehicle maker VinFast Auto announced plans to spinoff part of its research and development unit ...

VinFast will spin off certain research and development assets into a new entity, Novatech, and sell all its shares to founder ...

VinFast aims to deliver 80,000 electric vehicles in 2024. However, during the first six months of the year, the company delivered only 22,350. Furthermore, just over half of these sales were made ...