https://techcrunch.com/2023/04/26/vinfasts-ev-ambitions-just-got-a-2-5b-boost/

Vietnamese EV automaker Vinfast is getting a $2.5 billion injection of capital as it pursues an ambitious plan to woo U.S. consumers with a slate of electric SUVs and crossovers.

Billionaire Pham Nhat Vuong, who founded Vinfast’s parent company Vingroup, committed Wednesday to invest $1 billion of his personal wealth via a grant in the EV company. Vingroup, the country’s largest conglomerate, will invest $500 million. The parent company has also agreed to loan Vinfast an additional $1 billion with a maturity of up to five years.