BBCNEWS World Business Report June 4, 2024 13:37:00
Now. we're changing gears now to talk about an electric car—maker, which you might never have heard of, which has made its stock market debut and already has a higher valuation than ford and general motors. vinfast is based in vietnam. it launched on the nasdaq yesterday and shares skyrocketed. the company is now valued at $85 billion, even though it's never made a profit and it's only made 11,000 cars in the first half of this year, compared with 900,000 for tesla. david bailey is professor of business economics at the birmingham business school. the university of birmingham. thank you very...