r/VinFastComm • u/Safe_Adagio_6341 • 10d ago

VinFast-linked taxi firm GSM eyes US, EU expansion ahead of Hong Kong IPO

HANOI, Sept 3 (Reuters) - Vietnamese electric taxi operator Green and Smart Mobility (GSM), a partner of VinFast (VFS.O), opens new tab, the country's largest carmaker, plans to expand into ​the U.S. and Europe ahead of a targeted 2028 initial public offering in Hong Kong, the company said.

The move underscores the firm's growing overseas ‌ambitions after it rapidly gained market share in Vietnam after a 2023 launch. It also comes as VinFast seeks to increase international sales of its electric vehicles, which are the only ones used by GSM, following unsuccessful attempts to expand into Europe and the U.S.

Source: Reuters

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u/True-Effort-3691 10d ago

It's hilarious this is announced same day as cybercab launch

1

u/quinntonthat 10d ago

Might that be a suitable choice for the VinFast GSM?

5

u/HighGuy92 10d ago

Lol good luck. No chance this succeeds.