Market Chatter: VinFast Auto-Backed GSM Plans US, Europe Expansion Ahead of 2028 IPO

MT Newswires Live

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VinFast's (VFS) electric taxi partner Green and Smart Mobility (GSM) plans to expand into the US and Europe ahead of a targeted 2028 Hong Kong IPO, Reuters reported Thursday.

The report said GSM, owned by VinFast CEO Pham Nhat Vuong and his family, plans to launch fleets in the US, Sweden and the Netherlands by the end of 2026 and enter more European markets in 2027.

GSM uses only VinFast vehicles and plans to buy 1 million cars from the automaker between 2026 and 2030, the report said.

VinFast did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GSM.AU","symbol_name":"GOLDEN STATE MINING LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2664787391","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2664787391","pubTimestamp":1788428787,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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