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The Vietnamese company and the state Tamil Nadu government agreed to work toward an investment of up to $2 billion, with an intended commitment of $500 million for the first five years of the project. Get more Automobile News and Business News on Zee Business.
Shares of L Catterton, which becomes Lotus Technology on Thursday, hit $16.55 in early trading, up 25%.
VinFast Auto Ltd. (VFS) posted a gross loss of $551.6 million in fiscal 2023. Loss per share was $1.04 compared to a loss of $0.91. The company delivered a total of 34,855 electric vehicles, a 374% increase compared to the previous year.
<p>TAMIL NADU, INDIA - <a href="https://www.media-outreach.com/">Media OutReach Newswire</a> - 21 February 2024 -<b> </b><a href="http://www.vinfastauto.com/"><b><i>VinFast Auto</i></b></a><b><i> announced that it will break ground at its integrated electric vehicle (EV) manufacturing site in Thoothukudi City, Tamil Nadu on February 25, 2024.</i></b></p>