VinFast (VFS) to deliver EVs to European market this year
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VinFast Auto (VFS) VinFast reports revenue surge in first annual report since debut
September 21, 2023 9:13 AM EDTShares of Vietnamese electric vehicle company, VinFast Auto (NASDAQ: VFS) are up 0.58% in pre-market trading Thursday after the company announced a 131.2% rise in revenue in its first quarterly report since going public in August.
The electric automaker reported Q2 revenue of 7.95 trillion... More
VinFast quarterly revenue surges in first report since market debut
September 21, 2023 6:55 AM EDTBy Chavi Mehta and Phuong Nguyen
(Reuters) -Vietnamese electric-vehicle maker VinFast said on Thursday its revenue more than doubled in the second quarter on higher deliveries to domestic customers, in its first results since its market debut last month.
VinFast, backed by Vietnam's largest conglomerate Vingroup, garnered a valuation of about $85 billion higher than that of legacy U.S. automakers Ford on its Nasdaq debut, raising the stakes for the company to show growth overseas.
The company's shares were down about 7.5% as of 1446 GMT. They have lost about 54% of their value since the start of trading on... More
VinFast Auto (VFS) Reports Q2 Loss of $0.23/sh, EV Deliveries at 9,535; Guides FY Deliveries of 40K-50K;
September 21, 2023 6:24 AM EDT(Updated - September 21, 2023 6:27 AM EDT)
VinFast Auto (NASDAQ: VFS) Q2 EV Deliveries at 9,535
E-scooters deliveries were 10,182.Total revenues were VND7,952,531M ($334.1M), an increase of 131.2% from the Q2 of 2022.Guides FY vehicle deliveries of... MoreVinfast's VF8 SUV Receives Approval From European Regulator To Start Sales In The Bloc - CEO
September 21, 2023 5:42 AM EDTVinfast's VF8 SUV Receives Approval From European Regulator To Start Sales In The Bloc - CEO
Vinfast plans to ship 3,000 EVs to France, Germany, Netherlands this year.... More