: This EV company has a bigger market cap than Ford or GM. But you may not have heard of it.

by | Aug 24, 2023 | Stock Market

Shares of electric-vehicle startup VinFast Auto Ltd. have surged since the company went public through a special-purpose acquisition company deal last week, taking its market capitalization to levels well beyond established automakers such as Ford Motor Co. and General Motors Co. Shares of low-float company VinFast VFS ended the Thursday session up 32.3%, sending the company’s market cap to $89.5 billion. In comparison, Ford’s F market cap is $47.9 billion and GM’s GM is $46.2 billion, according to FactSet data. Rival EV maker…

Article Attribution | Read More at Article Source

Share This