Asia Tech Wire (June 5) -- Vietnamese electric vehicle maker VinFast has secured $12.9 billion in financing since 2017.

A filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday showed that VinFast's parent company Vingroup, its affiliates and external lenders provided it with about $12.9 billion between 2017 and March 31, 2024 to cover operating expenses and capital expenditures.

Vingroup founder Pham Nhat Vuong and others paid a total of about $815.4 million in unrequited grants to VinFast.

Founded in 2017, the Vietnamese automaker began delivering electric cars in California in March 2023, and has gone public on the Nasdaq late last August.

VinFast had announced in 2022 that it would build a plant in the U.S. with an annual production capacity of 150,000 electric vehicles.