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Barchart
Barchart
Mohit Oberoi

VinFast Stock Forecast: More Volatility Ahead for New EV Listing

VinFast Ford General Motors Lucid Motors Rivian SPAC NIO IPO Nikola

Vietnam-based electric vehicle (EV) company VinFast (VFS) went public this week through a reverse merger with special purpose acquisition company (SPAC) Black Space Acquisition Co. (BSAQ). VinFast soared on the listing, and its market cap surpassed $85 billion based on closing prices from Tuesday, Aug. 15. To put that in perspective, General Motors (GM) and Ford (F) - America’s two biggest automakers - have market caps of $45.1 billion and $47.2 billion, respectively.

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