VinFast Auto and Black Spade complete business merger

VinFast Auto and Black Spade complete business merger

Black Spade's shareholders voted to approve the transaction on Aug. 10.

VinFast Auto and Black Spade Acquisition announced the completion of their previously announced business merger. The announcement of the completion of the merger comes after Black Spade’s shareholders voted to approve the transaction on August 10, 2023. As a result of the merger, Black Spade became a wholly owned subsidiary of VinFast and is expected to be delisted from the NYSE.

“Becoming a U.S-listed company marks a significant milestone in VinFast’s global expansion,” Madame Thuy Le, global CEO of VinFast Auto, said. “More than just transaction on the stock market, going public reflects a powerful vote of confidence in our vision and potential, as well as fulfills our pledge to make smart, safe and environmentally friendly electric vehicles accessible to everyone.”

You May Also Like

TERREPOWER launches solar panel recycling line

TERREPOWER said it offers complete separation of solar panel materials such as aluminum, glass, precious metals, silicon, plastic and components.

TerrePower-Solar-Panel-Tennessee-Remanufacturing

TERREPOWER launched its solar panel recycling line from its facility in Sparta, TN. TERREPOWER said it offers complete separation of solar panel materials such as aluminum, glass, precious metals, silicon, plastic and components, which allows for more efficient offloading of materials for reuse. This is a significant departure from traditional recycling methods, the company said.

Mahle ‘on track’ to hit 2030+ sustainability goals

Mahle said it reduced its emissions from the combustion of fossil fuels (Scope 1) and the import of purchased electricity (Scope 2) by 43%.

Mahle-sustainability-report-2023
Sicona announces US expansion with materials production plant

Sicona said it plans to expand its US production of silicon-carbon anode materials to power more than 3.25 million American EVs.

Sona Comstar opens new manufacturing plant in Silao, Mexico

The company said this new facility will specialize in producing differential assemblies and reduction gears designed for BEVs.

Sona_Comstar_Mexico
GreenPower appoints Paul Start as VP of sales

Start brings more than 35 years of school bus experience in North America to the team at GreenPower.

Paul_Start_GreenPower

Other Posts

VinFast to include RIDEVU in VF 8 electric car model

Developed by Sony Pictures Entertainment (SPE), RIDEVU provides customers access to over 2,000 movies.

VinFast-Sony-RideVu
Honda to build EV factory, EV battery plant in Ontario

The EV plant will have a production capacity of 240,000 EVs per year and the EV battery plant will have a capacity of 36 GWh per year.

Lion Electric Company reduces workforce in Canada due to Zero-Emission Transit Fund delays

In addition to the workforce reduction, Lion said it continues to undertake internal measures to reduce its cost structure.

Lion-electric-Illinois-Plant
Navistar passes 100 authorized EV dealers

Navistar will have more than 30% of its dealer locations ready to support the sale and service of both International and IC Bus EVs.

Navistar-authorized-dealers