Corporate Strategy
Polestar regains full Nasdaq compliance
The Sino-Swedish EV pure play start-up has enjoyed something of a share price rally
Corporate Strategy
Vietnamese EV hopeful’s Spac listing brings big multiple, little cash
The valuation of the would-be Tesla challenger may raise eyebrows
2 min read
Vietnamese EV start-up VinFast plans to list on the NYSE later this year via a merger with a special purpose acquisition vehicle (Spac) at a valuation that is seven times that of Tesla, but in a deal that brings little of the cash it needs to meet production targets.
Following the merger with Black Spade Acquisition Co., the new entity will have an enterprise value of c.$27bn, 42 times 2022 sales. That’s a multiple seven-times larger than Tesla and twice that of fellow pretender to the Tesla throne Lucid Motors.
Read next
Corporate Strategy
Polestar regains full Nasdaq compliance
The Sino-Swedish EV pure play start-up has enjoyed something of a share price rally
Corporate Strategy
Uber and Waymo extend partnership to two more US cities
Customers in Atlanta and Austin will be able to experience autonomous ride-hailing
Corporate Strategy
GM and Hyundai explore collaboration
The two firms target lower costs and faster development... and maybe more?
Corporate Strategy
AD firm Nuro flips business model
It will now concentrate on autonomous technology development, rather than building out its own AV fleet