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Manufacturer Of Electric vehicles In Vietnam

The market value of VinFast surpassed that of some of the biggest automakers in the world, including Ford, GM, BMW, and Volkswagmen, after a 270% increase in its shares following its U.S. trading debut.

After successfully merging with the American-listed special purpose acquisition business Black Spade Acquisition, the Vietnamese manufacturer of electric vehicles listed on Nasdaq on Tuesday. Using an IPO to raise money for the purpose of purchasing an already-existing running firm, a SPAC is a shell corporation.

Source (CNBC)

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