Vingroup JSC boosts production of EVs


The company is shutting down its electronic devices’ unit, VinSmart.

Vingroup JSC is increasing its production of electric vehicles (EVs) and shutting down its electronics devices’ unit VinSmart, reports the Bloomberg Quint. The company believes the closure of VinSmart will allow Vingroup to “mobilize all resources” in the development of its car making unit—VinFast.

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