GSM plans US and EU expansion ahead of 2028 IPO

Electric taxi operator GSM plans to expand into the United States and Europe by the end of this year. The VinFast-linked firm targets a Hong Kong initial public offering in 2028 following rapid growth in Vietnam.

Xurve View
Insights:
FILE PHOTO: File Photo: A VinFast electric taxi operated by Vietnam-based fleet operator Green SM is pictured in Hanoi, Vietnam, October 10, 2023. REUTERS/Thinh Nguyen/File Photo/File Photo

Vietnamese electric taxi operator Green and Smart Mobility plans to deploy fleets in the United States and Europe ahead of a targeted 2028 IPO in Hong Kong. The expansion marks a major push outside domestic markets following rapid growth since its 2023 launch. The move aims to support international sales for VINFAST AUTO LTD after previous western expansion hurdles.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.