The Vietnamese EV manufacturer VinFast is restructuring. Certain research and development assets will be transferred to a ...

The automaker's founder will supply $1.5 billion in cash via the newly created Novatech Research and Development.

The EV marker to spin off part of its R&D unit to a newly formed company, known as Novatech Research and Development SJC.

The deal would facilitate the latest cash injection by billionaire Pham Nhat Vuong, Vietnam's richest person, to make VinFast ...