Vietnam’s Vinfast to build $2 bln electric vehicle factory in US

HANOI/SAN FRANCISCO, March 29 (Reuters) – Vietnam’s automaker VinFast said on Tuesday it has signed a preliminary deal to initially invest $2 billion to build a factory in North Carolina to make electric buses, sport utility vehicles (SUVs) along with batteries for EVs . The unit of Vietnam’s biggest conglomerate Vingroup (VIC.HM), said it plans … Read more

Evergrande sets end-July target for restructuring proposal after delaying results

Firm had said in Jan proposal would come within 6 months Won’t meet March 31 deadline for audited 2021 results Planned deal with CITIC Trust, Guangzhou could provide model HONG KONG/BEIJING, March 22 (Reuters) – Embattled China Evergrande Group (3333.HK) will unveil a debt restructuring proposal for its creditors by the end of July, it … Read more