VinFast (VFS) to acquire battery maker VinES
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VinFast Auto (VFS) Announces Intention To Acquire Vines Energy Solutions Joint Stock Company
October 11, 2023 9:46 AM EDTVinFast Auto Ltd. (Nasdaq: VFS) (VinFast) announced its intention to acquire 99.8% stake in VinES Energy Solutions Joint Stock Company (VinES). Following the acquisition, VinFast will be able to control its battery technology an important component of electric vehicles, and be fully integrated in the production value chain, improving its competitive advantage.
Strategic rationale:
The acquisition of VinES will transition VinFast into a fully integrated battery-electric-vehicle (BEV) player and accelerate our development capabilities across three key pillars: vehicle development, electrical & electronics, and battery.
This strategic move solidifies VinFasts commitment to customers in its continuous enhancement... More
Chardan Capital Markets Starts VinFast Auto Ltd. (VFS) at Buy
October 10, 2023 4:36 AM EDTChardan Capital Markets analyst Bran Dobson initiates coverage on VinFast Auto Ltd. (NASDAQ: VFS) with a Buy rating and a price target of $11.00.
For an analyst ratings summary and ratings history on VinFast Auto Ltd.... More
