EV maker VinFast gets $3.5bn from parent and founder to break even in 2026
HO CHI MINH CITY — Vietnam’s Vingroup has said it is willing to sell off assets to fund VinFast, its electric vehicle arm, as a backstop to ensure the Nasdaq-listed startup breaks even by 2026. The country’s biggest conglomerate said it would lend up to $1.4 billion to VinFast and that founder Pham Nhat Vuong…