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Vietnam’s EV maker VinFast secures $3.5B funding from Vingroup & founder Pham Nhat VuongVingroup, Vietnam’s largest private conglomerate, and its Chairman, Pham Nhat Vuong, announced a significant financial commitment to VinFast, the Vietnamese Nasdaq-listed electric vehicle maker. Vingroup plans to lend VinFast up to 35 trillion Vietnamese dong ($1.4 billion) by the end of 2026, the company said in a statement on Tuesday. Additionally, Vuong has personally pledged 50...0 Commentarii 0 Distribuiri 1K Views 0 previzualizare
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Xpeng hits its stride with Q3 financial and EV production breakthroughsStrong sales of the Mona M03 and P7+ highlight Xpeng’s growing momentum in the EV market. Xpeng Motors has delivered a striking turnaround, unveiling its most robust financial results since going public. In Q3 2024, the company delivered 46,533 vehicles, raking in RMB 10.1 billion (USD 1.4 billion) in revenue while posting a record-breaking gross profit margin of 15.3%. As of September...0 Commentarii 0 Distribuiri 173 Views 0 previzualizare
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