Hyperdrive
VinFast Gets $1 Billion Funding Led by Emirates Driving
VinFast Auto Ltd. electric vehicle VF 6 cars on the production line at the company's manufacturing plant in Haiphong, Vietnam.
Photographer: Linh Pham/BloombergThis article is for subscribers only.
Vietnamese electric-vehicle maker VinFast Auto Ltd. is set to receive at least $1 billion of investments from a group of investors led by Emirates Driving Co., a person with direct knowledge of the deal said.
The infusion is part of an agreement with the UAE company announced Tuesday, the person said, asking not to be identified because the investment amount isn’t public. Emirates Driving will also provide VinFast with its expertise in driver training and road safety, and the development of an EV ecosystem, the companies said.