VinFast VF8 SUVs Face Recall Months After First Delivery
Portfolio Pulse from Anan Ashraf
Vietnamese EV maker VinFast is recalling 999 of its 2023 VF8 vehicles due to a software issue that may cause the multifunction head unit display to go blank, potentially increasing the risk of a crash. VinFast will release an over-the-air software update to fix the issue. The company recently announced a SPAC merger with Black Spade Acquisition Co (NYSE:BSAQ), valuing VinFast at $27 million.
May 25, 2023 | 3:49 am
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VinFast's recall of 999 VF8 vehicles due to a software issue may impact its SPAC merger partner, Black Spade Acquisition Co (NYSE:BSAQ), as it could raise concerns about the quality of VinFast's products.
The recall of VinFast's VF8 vehicles due to a software issue may negatively impact Black Spade Acquisition Co (NYSE:BSAQ) in the short term, as it raises concerns about the quality of VinFast's products. This could potentially affect the perception of the company's value and the success of their SPAC merger, which is expected to close in the second half of this year.
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IMPORTANCE 70
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