XPEV - What Happened With VinFast Auto Stock Today? | Benzinga
VinFast Auto Ltd. (NASDAQ:VFS) shares blasted higher Thursday. Bloomberg reported Wednesday that the company is seeking a $250 million bank loan to expand in Indonesia.
The Details: Bloomberg reported VinFast is seeking a bank loan of approximately $250 million to finance the construction of its new assembly plant in Subang, Indonesia, as the company faces intense competition and price cuts from competitors.
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U.S. inflation data came in cooler-than-expected Thursday morning and fueled investors' hopes for interest rate cuts in the near term, driving gains in sectors with heavy debt loads including solar energy and electric vehicles.
EV stocks have also seen significant gains over the past week following better-than-expected second-quarter delivery ...