Vietnamese VinFast leapfrogs Ford and GM after SPAC merger

Joris Van Roy

August 16, 2023

VinFast’s first shipment of 999 VF 8 midsize SUVs departed Vietnam for the United States in November last year /VinFast

After completing their previously announced 'business combination', the SPAC merger between Vietnamese VinFast and the already listed shell company Black Spade Acquisition, shares peaked at $37 on Tuesday after being $22 initially. This instantly made VinFast leapfrogging Ford and General Motors for
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