Everything to Know About VinFast, the Vietnamese EV Startup Shaking Nasdaq This Week

關(guān)于本周震撼納斯達克的越南電動汽車初創(chuàng)公司 VinFast 的一切

VinFast, a little-known electric carmaker from Vietnam, debuted on Nasdaq on Tuesday (August 15) and immediately made a splash. Stock skyrocketed 270 percent on its first day of trading and closed at $37 per share, giving the company a market cap above $85 billion at one point, more than Ford and General Motors combined.

來自越南的鮮為人知的電動汽車制造商VinFast于周二（8月15日）在納斯達克上市，立即引起轟動。其股價在首日交易中飆升 270%，收于每股 37 美元，使該公司的市值一度超過 850 億美元，超過福特和通用汽車的總和。

VinFast went public through a reverse merger with Black Spade Acquisition Co., a special-purpose acquisition company (SPAC) based in Hong Kong. SPAC mergers, also known as?“blank check” mergers, were a popular way for startups to go public during the pandemic. But as the financial market declined in 2022, dealmaking slowed significantly. In 2021,?610 companies went public?through SPAC mergers and raised a total of $161 billion, according to S&P Global Market Intelligence. There were only 16 such deals in the first half of 2023, according to the White & Case US SPACs Data Hub.

VinFast 通過與 Black Spade Acquisition Co. 反向合并上市，Black Spade Acquisition Co. 是一家總部位于香港的特殊目的收購公司 (SPAC)。 SPAC合并，也稱為“空白支票”合并，是疫情期間初創(chuàng)公司上市的一種流行方式。但隨著 2022 年金融市場下滑，交易明顯放緩。根據(jù)標(biāo)普全球市場情報的數(shù)據(jù)，2021 年，610 家公司通過 SPAC 合并上市，籌集資金總額達 1,610 億美元。根據(jù) White & Case 美國 SPAC 數(shù)據(jù)中心的數(shù)據(jù)，2023 年上半年此類交易僅有 16 筆。

A SPAC listing doesn’t require the underwriting of an investment bank like a traditional IPO. Therefore, it’s subject to less financial scrutiny and trading tends to be speculative and volatile.

SPAC上市不像傳統(tǒng)IPO那樣需要投資銀行的承銷。因此，它受到的財務(wù)審查較少，交易往往具有投機性和波動性。

VinFast’s wild rally stood in contrast to the broader market slump last week, but the boom was short-lived. After peaking on Tuesday, VinFast shares plunged 20 percent on Wednesday and fell another 33 percent on Thursday. At press time, shares were trading at $16 apiece, down 56 percent from Tuesday’s peak.

VinFast 的瘋狂上漲與上周大盤的暴跌形成鮮明對比，但這種繁榮是短暫的。在周二見頂后，VinFast 股價周三暴跌 20%，周四又下跌 33%。截至發(fā)稿時，該股交易價格為每股 16 美元，較周二峰值下跌 56%。

What is VinFast and who are the key people behind it?

VinFast 是什么？其背后的關(guān)鍵人物是誰？

Although not a household name in the U.S., VanFast is one of the largest automakers in Vietnam. It produces electric SUVs, scooters and buses and has an EV charging network spanning more than 60 cities and provinces in Vietnam.

盡管 VanFast 在美國并不是家喻戶曉的名字，但它是越南最大的汽車制造商之一。該公司生產(chǎn)電動SUV、踏板車和公共汽車，并擁有覆蓋越南60多個城市和省份的電動汽車充電網(wǎng)絡(luò)。

VinFast was founded in 2017 as a subsidiary of Vingroup, a major Vietnamese conglomerate. Both companies are founded and chaired by Pham Nhat Vuong, Vietnam’s richest person. Vuong, 55, is estimated to be worth $22 billion, according to Forbes. His fortune rose to $39 billion on Tuesday thanks to VinFast’s stock surge. Vuong controls 99 percent of VinFast through shares held by Vingroup and other business entities, according to the company’s securities registration filing with the SEC in June.

VinFast 成立于 2017 年，是越南大型企業(yè)集團 Vingroup 的子公司。兩家公司均由越南首富范一王創(chuàng)立并擔(dān)任董事長。據(jù)《福布斯》報道，55 歲的 Vuong 身價估計為 220 億美元。由于 VinFast 股價飆升，他的財富周二增至 390 億美元。根據(jù) VinFast 6 月份向 SEC 提交的證券登記文件，Vuong 通過 Vingroup 和其他商業(yè)實體持有的股份控制著 VinFast 99% 的股份。

The day-to-day operation of?VinFast is headed by CEO Thuy Le, who is also a vice chairwoman of the Vingroup. Before Vingroup, Le was a vice president at Lehman Brothers from 2000 to its demise in 2008.

VinFast 的日常運營由首席執(zhí)行官 Thuy Le 領(lǐng)導(dǎo)，她也是 Vingroup 的副主席。在加入 Vingroup 之前，Le 從 2000 年到雷曼兄弟 2008 年倒閉期間擔(dān)任副總裁。

Like many EV startups, VinFast is not yet profitable. The company lost $1.4 billion in the nine months through September 2022 and carried about $2.5 billion in debt at the end of the period, according to a regulatory filing.

與許多電動汽車初創(chuàng)公司一樣，VinFast 尚未盈利。根據(jù)一份監(jiān)管文件，截至 2022 年 9 月的 9 個月內(nèi)，該公司虧損了 14 億美元，期末負(fù)債約 25 億美元。

VinFast has released four EV models and delivered about 19,000 vehicles globally. It began delivery in the U.S. earlier this year. In July, the company broke ground on a new factory in North Carolina, which is expected to have the capacity to produce 150,000 vehicles a year.

VinFast已發(fā)布四款電動汽車車型，并在全球交付了約19,000輛汽車。它于今年早些時候開始在美國交付。 7月，該公司在北卡羅來納州的新工廠破土動工，預(yù)計年產(chǎn)汽車15萬輛。

文章來源觀察者報，侵權(quán)刪。