Vietnamese electric vehicle company Vinfast is already more valuable than Ford (F) and GM (GM), based on its stock price, despite just entering the US market. But you may not have even heard of it. Here’s what it’s all about, and what’s been happening with it. Enthusiastic investors pushed VinFast stock up 270% on its first trading day, before falling about 19% Wednesday. Those investors currently own only 1% of the automaker, though. The sprawling Vietnamese conglomerate, VinGroup, owns the rest. But VinFast’s bold entry into the US hasn’t been smooth. For one thing, when critics got the chance to drive the company’s first US-bound product, the VF8 electric SUV, the resulting reviews weren’t what any automaker would hope for. Read more...
