Why VinFast Stock Is Surging Today
Shares of electric vehicle (EV) maker VinFast Auto (NASDAQ: VFS) were on the move on Monday after the company announced it will offer a new in-car streaming service from Sony -- and after the White House said it will sharply hike tariffs on EVs from rival automakers in China.
As of 10:30 a.m. ET, VinFast's shares were up about 11% from Friday's closing price.
VinFast said that it will offer a new in-car entertainment service from Sony on its electric VF 8 crossover. Image source: VinFast Auto.
Source Fool.com
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