Business

VinFast to acquire VinES Energy Solutions to step up its integrated supply and production chain

Media OutReach Newswire
HANOI, VIETNAM – Media OutReach – 11 October 2023 – Vingroup’s Chairman, 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.

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