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VinFast, the Vietnamese electric vehicle manufacturer, has signed a non-binding agreement to secure at least $1 billion in funding from a consortium led by Emirates Driving Company. This investment will not only provide financial support but will also enhance driver training, road safety, and the overall electric vehicle ecosystem. The timeframe for the disbursement of these funds remains unclear, according to sources familiar with the deal. The announcement has positively impacted VinFast's stock, which saw an 8% increase following the news.
VINFAST $VFS SIGNS $1B NON-BINDING FUNDING DEAL WITH EMIRATI INVESTORS VinFast Auto has secured a non-binding agreement for at least $1B in investments from a group led by Emirates Driving Co. The partnership will also support driver training, road safety, and EV ecosystem…
⚠️ VINFAST SIGNS MEMORANDUM OF UNDERSTANDING TO RECEIVE AT LEAST $1 BLN FUNDING FROM GROUP LED BY EMIRATES DRIVING COMPANY - SOURCE WITH DIRECT KNOWLEDGE **TIMEFRAME OF POSSIBLE DISBURSEMENT OF EMIRATI FUNDING FOR VINFAST IS UNCLEAR - SOURCE
$VFS +8% VinFast Gets $1 Billion Funding Led by Emirates Driving https://t.co/WHKuyONaCD
