Vietnam's new force Vinfast is listed in the United States. Its share price soared 109% and its market value exceeded US$84 billion.

News on August 23, as the global electric vehicle market share continues to expand, many emerging automobile manufacturing companies have chosen to raise funds through listings in order to raise more funds. Recently, Vinfast from Vietnam, as an emerging electric vehicle force, was successfully listed in the United States. Its stock price soared 109% overnight, and its market value increased by US$44 billion (approximately 320.8 billion yuan) in one day. Vinfast has become the focus of the market with its strong stock price performance.

It is understood that Vinfast is a Vietnamese electric vehicle manufacturer. Its stock price has risen by 251% since its listing on August 15, and its market value has also risen to more than 84 billion US dollars. This market value has exceeded the combined market value of General Motors and Ford Motor Company, and is also higher than the combined market value of well-known domestic automobile brands Weilai, Xpeng, and Li Sanyuan. The surge in Vinfast's share price has also boosted the wealth of the company's chairman and founder Fan Riwang from US$21.2 billion last Friday to US$43.4 billion today.

Vinfast chose to go public in the United States through the SPAC (Special Purpose Acquisition Company) model, which also made it the most outstanding new energy vehicle company listed through a SPAC merger this year. one. However, some observers pointed out that Vinfast’s current stock price may be seriously inflated. While the soaring share price has excited investors, it's important to note that the number of shares currently available for trading is relatively small at just 1.3 million, which could lead to wild price swings.

#This is not the first case of a new energy vehicle company's stock price soaring in the early stages of its listing. Companies such as Lordstown, Nikola and Faraday Future have also experienced more than 90% of their market value evaporating after mergers and listings in the SPAC model. Another electric vehicle company, Rivian, once had a market value of more than US$150 billion in its early days of listing, but now its market value is less than US$20 billion.

In general, stock price fluctuations in emerging industries are a common phenomenon in the early stages. Despite Vinfast's current share price performance, investors still need to be cautious, consider long-term trends and fundamentals, and avoid being overly affected by short-term fluctuations. Investment decisions require adequate market understanding and risk assessment.

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