VinFast To Enter NASDAQ As "VFS"

The Vietnamese automaker rang the ticker bell and debuted on the NASDAQ today as "VFS" and "VSFWW."

VinFast VF8 Rear

Andrew Lambrecht

By: Andrew Lambrecht

Aug 15, 2023 at 9:50am ET

Add InsideEVs as a preferred source in Google

Comment

At VinFast's North Carolina groundbreaking ceremony, the Hanoi-based electric car manufacturer announced it was in the final stages of completing a SPAC merger with Black Spade Acquisition Company. After Black Spade's shareholders convened, the merger was approved.

Today, on August 15, 2023, VinFast rang the ticker bell and debuted on the NASDAQ Stock Market. Using ticker symbols "VFS" and "VFSWW," VinFast is officially a publicly-traded company in the United States.

"Becoming a U.S-listed company marks a significant milestone in VinFast's global expansion. More than just a transaction on the stock market, going public reflects a powerful vote of confidence in our vision and potential, as well as fulfills our pledge to make smart, safe, and environmentally friendly electric vehicles accessible to everyone," said VinFast Global CEO, Madame Thuy Le in a press release.

More VinFast Info

VinFast VF 8 City Edition EPA Range Rating Details Emerge

Not So Fast: Only 128 VinFast VF8 Registrations In US Through May

"I sincerely appreciate the wonderful collaboration with Black Spade as our respected partners who are joining us in our 'boundless together' journey towards a greener future for us and future generations," she added.

Dennis Tam, Black Spade's co-CEO said, "A listing on the Nasdaq will enhance VinFast’s global outreach by facilitating even wider access to capital. Driven by a shared aspiration to shape a better future through innovation, we anticipate our collaboration with VinFast to bring about a fresh chapter of sustainable mobility."

What do you think?

View

Comments

This debut comes after the firm's groundbreaking event, where its first North American manufacturing facility is set to be established. Once complete, VinFast will operate two manufacturing complexes: one stateside and the other in Haiphong, Vietnam.

While VinFast still has far to go to establish itself in the American market, the automaker sees its stock debut as a way not only to increase capital but to also enhance brand awareness.

We want your opinion!

What would you like to see on Insideevs.com?

Take our 3 minute survey.

- The InsideEVs team

Share this Story

GO TO COMMENTS

(

)

Got a tip for us? Email: tips@insideevs.com

View all comments ( )

Trending

Kia EV3 Lease Deals Are Here, And It’s Cheaper Than The Chevy Bolt And Nissan Leaf

I Let Android Auto Plan My EV Roadtrip. Here’s How It Worked

This Chevy Bolt Has 470,000 Miles. Here’s How Much A New Battery Was

Here's What It's Like To Take Delivery Of A Rivian R2