Vingroup Chairmen Donates Battery Company To VinFast

Vingroup Chairman and Vietnam’s richest person, Mr. Pham Nhat Vuong, announces that he will donate 99.8 percent of VinES Energy Solutions Joint Stock Company’s shares to VinFast. The merger is designed to enhance VinFast’s self-sufficiency in battery technology and its production chain, while increasing its competitive edge in the ever-growing electric vehicle market. Following the donation,…

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