Vinfast to list in on Nasdaq next week as 'VFS'

VinFast (VFS) soars 78% ahead of Nasdaq debut

Shares of Vietnamese car company, VinFast (NASDAQ: VFS) are up more than 78% in pre-market trading as the company prepares for its debut trading day in the U.S. following its merger deal with special acquisitions company, Black Spade.

Using Lucid Group (NASDAQ: LCID), a competing electric vehicle manufacturer, as a reference point, VinFast and Black Spade have arrived at a valuation of $23 billion. This valuation ranks as the... More

Faraday Future (FFIE) delivers first FF91 2.0

California-based electric vehicle manufacturer Faraday Future (NASDAQ: FFIE) officially handed over the keys to the first FF91 2.0 Futurist Alliance customer on Monday.

The cutting-edge "AITech Luxury" electric vehicle, distinguished by its hypercar performance, opulent sedan comfort, and adaptable SUV features, has now been handed over to its first owner.

Faraday Future achieved a significant milestone as the initial production FF91 EV emerged from the assembly line at its ieFactory located in... More

Exane BNP Paribas Downgrades Lucid Group Inc. (LCID) to Underperform

Exane BNP Paribas analyst James Picariello downgraded Lucid Group Inc. (NASDAQ: LCID) from Neutral to Underperform with a price target of $5.00 (from $6.50).

For an analyst ratings summary and ratings history on Lucid Group Inc.... More

Vietnam’s EV maker Vinfast gets nod from SPAC to list in US

On Thursday, Black Spade Acquisition (NYSE: BSAQ), a special acquisition company headquartered in Hong Kong, revealed that its shareholders had given their consent for a merger to take place with Vinfast, a manufacturer of electric vehicles based in Vietnam. The merger will... More

VinFast and Black Spade Acquisition (BSAQ) Announces Shareholder Approval of Proposed Merger

VinFast Auto Ltd. ("VinFast") and Black Spade Acquisition Co (NYSE: BSAQ) ("Black Spade") today announced that their previously announced business combination (the "Business Combination") was approved at an extraordinary general meeting (the "EGM") of Black Spade's shareholders on August 10, 2023.

Complete... More

Faraday Future Intelligent Electric Inc (FFIE) Announces First FF 91 2.0 Futurist Alliance Delivery Ceremony This Coming Weekend

Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) today announced a special delivery campaign to kick off its Developer Co-Creation Festival and the broadcast for its FF 91 2.0 Futurist Alliance Delivery Ceremony which will highlight the upcoming vehicle deliveries to prospective vehicle users. With all of the necessary compliance processes and steps now completed, the stage is set to facilitate deliveries to users.

Since the Company announced the start of the phase-2 Co-Creation delivery, the relevant processes and steps that are needed before a vehicle delivery have now been completed. This includes the MCO (Manufacture... More

Lucid (LCID) releases full specs of its Air Sapphire halo EV

Lucid Motors (NASDAQ: LCID) unveiled the final specifications for their Air Sapphire halo in a press release posted on their website Tuesday.

The companys $249,000 Lucid Air Sapphire could be considered the worlds first fully electric luxury super-sports sedan. Boasting some serious performance with a 0-60mph time of 1.89 seconds. Beating out Teslas (NASDAQ: TSLA) Model S Plaid, which has a... More

Wedbush remains sidelined on Nikola (NKLA) as CEO change overshadows positive 2Q

Wedbush reiterated a Neutral on Nikola (NASDAQ: NKLA) with a 12-month price target of $3.00 after the electric vehicle companys earnings were overshadowed by another management change, the fourth in as many years.

Michael Lohscheller announced that he is resigning from his position as CEO, effective immediately, due to family health concerns.

The company has named Chairman, Steve Girsky to take over the position. However, Lohscheller has agreed... More