With a projected $60 bln valuation, Vinfast among 5 most anticipated IPOs in 2022

The company debuted two electric vehicles, the VF e35 and VF e36, at the Los Angeles Auto Show in November and plans to open a whopping 60 showrooms in the U.S. in 2022.

The Vietnamse automaker plans to begin taking pre-orders for its vehicles in the first half of next year and have them on the road by the tail end of 2022.

Vinfast is pivoting to electric vehicle manufacturing with its eyes on the U.S. and European markets. It will enter a U.S. market that’s riding a wave of EV investments — whether that’s Tesla, which saw its valuation skyrocket in 2021 to $1 trillion, or Rivian, which IPO in November, raising nearly $12 billion, according to Yahoo Finance.

Other expected IPOs in the list are Mobileye, Reddit, Flipkart, Automation Anywhere.  

VinFast has announced it will commence a reservation program for its first two EV models – VF e35 and VF e36 – beginning on January 5 at CES 2022.

The automaker will apply blockchain technologies in the process to certify reservations, payments, and eventually vehicle ownership. VinFast's application of blockchain makes it one of the world's first automakers to put this advanced technology into use.

VinFast will first apply blockchain in the reservation process in the US and is looking at the possibilities of using this technology in other markets in the near future.

At the opening of the reservation portal on January 5th, VinFast will officially announce the retail prices of two EV models, VF e35 and VF e36, in the US and Vietnamese markets.

Pricing for Canadian and European markets will be announced at a later date. With a commitment to making EV ownership more attainable for everyone, VinFast will offer competitive pricing models, along with an attractive battery leasing policy and a 10-year warranty in all markets.

VinFast, established in 2017 plans to start producing electric cars in the United States in the second half of 2024.

Source: Yahoo Finance