India is confident that its new electric vehicle policy measures will open up the market to more global players, said the country’s secretary of the Department of Promotion of Industry and Internal Trade. Last month, the government rolled out key initiatives aimed at bolstering the country’s position in EV manufacturing. “It involves concessional tariffs for … Read more
BYD electric cars waiting to be loaded onto a ship are seen stacked at the international container terminal of Taicang Port in Suzhou, in China’s eastern Jiangsu province on February 8, 2024. STR | AFP | Getty Images In the race against Tesla for the global electric car market, Chinese automaker BYD is pushing hard … Read more
Vietnamese electric vehicle, or EV, maker VinFast on Thursday said its fourth-quarter net loss deepened 3.4% from the previous three months but it aims to nearly triple vehicle sales this year as it expands into new markets. Nhac Nguyen | Afp | Getty Images Vietnamese electric vehicle, or EV, maker VinFast on Thursday said its fourth-quarter net loss deepened … Read more
Indian equity benchmarks the Nifty 50 and BSE Sensex have rallied by more than 6% since the state elections. Sopa Images | Lightrocket | Getty Images The Indian stock markets rallied to new highs in 2023 on the back of bullish investors and stronger domestic participation. But analysts warn that the level of optimism seen … Read more
VinFast Auto Ltd. electric vehicle VF8 model at the company’s showroom in Hanoi, Vietnam, on Thursday, Sept. 7, 2023. VinFast is one of Vietnam’s most high-profile companies, backed by the country’s wealthiest man Pham Nhat Vuong who has established Vingroup JSC, a conglomerate spanning homes, hotels, hospitals and shopping malls. The group, together with its affiliates … Read more
A VinFast EV car on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC BEIJING — A new group of Asia-based companies are contemplating initial public offerings in the U.S., where international listings were once driven mostly by Chinese startups. Vietnam-based electric car company VinFast broke new ground with its … Read more
