VinFast has become the third largest automobile stock in the world, leading changes in the field of new energy vehicles!

News on August 25, the global new energy vehicle market has been booming in recent years, and many investors regard it as a promising investment area. With the rise of new energy vehicles, companies such as Tesla once created a market value of over one trillion US dollars. However, there are now some unexpected changes in the global automobile market value ranking

#Recently, the U.S. stock market has fallen overall, with the Dow Jones Index falling 1.08% to 34,099.42 points; the S&P 500 Index It fell 1.35% to 4376.31 points; the Nasdaq index fell 1.87% to 13463.97 points. In sharp contrast to this overall trend, Vietnam's emerging automaker VinFast's stock price rose 32.33% against the trend, setting a new closing high, and its market value reached US$113.1 billion (approximately 824 billion yuan). This performance made VinFast the third largest listed auto stock in the world, second only to Tesla and Toyota. It also widened the market value gap with the fourth-placed Porsche.

According to the editor’s understanding, VinFast Founded in 2017, it initially mainly produced fuel vehicles. However, in order to keep up with the electrification trend in the automotive industry, VinFast decided to stop the production of fuel vehicles in 2022 and announced that it would target Tesla for electric transformation. This move caused VinFast to be nicknamed the "Vietnamese version of BYD" in the public opinion field. Although VinFast's stock price has surpassed that of BYD, from the perspective of technical reserves, there is still a certain gap between the two

It should be noted that VinFast is available The number of stocks traded is very limited, and most stocks are locked, which results in their stock prices and market value being relatively unstable and susceptible to market speculation. Previously, Rivian, another emerging automaker listed through SPAC, also created a market value of US$150 billion in the first five days after listing, but then the stock price fell all the way, and the current market value is only US$18.621 billion

New The energy vehicle market is highly competitive and rapidly changing, which is reflected in changes in global vehicle market value rankings. With its electrification transformation and strong market performance, VinFast has successfully become one of the top three automakers in the world, winning significant opportunities for the Vietnamese auto industry

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