VinFast made an impressive entrance onto the Nasdaq this week with an $85 billion valuation Shares of Vietnam-based electric vehicle (EV) maker VinFast soared more than 68% during the first day of trading on the Nasdaq on Tuesday. The company is now worth more than $85 billion, almost twice as much as Ford or General Motors. According to Refinitiv data, Ford and GM are valued at $48 billion and $46 billion respectively. Tesla is still the world’s largest automaker by market capitalization, at $739 billion, and Chinese rival BYD is in fourth place with a $93 billion valuation. VinFast went public through a special
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