Vietnamese EV maker VinFast (VFS) reported rising Q3 revenue, EV deliveries, and vehicle sales on Thursday. However, most of the growth is due to sales to a related company. VinFast’s EV deliveries reached 10,027 in Q3, up 5.2% from the second quarter’s 9,535. The company said it’s starting to ...
Summary Companies Q3 revenue up 159% year-on-year on sales to affiliate Net loss widens to $623 million About 60% of Q3 sales went to single Vietnam fleet operator Oct 5 (Reuters) – Vietnamese electric car maker VinFast said on Thursday its third-quarter revenue more than doubled with the largest ...
VinFast aims to compete with the American EV maker Tesla in India. Vietnam-based EV maker, VinFast Auto, is all set to launch its first EV in the Indian market in April 2024. According to a media report, the Tesla-rivaling EV maker plans to launch 2-3 electric SUVs starting with ...
Sept 21 (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 making a blockbuster debut last month. The loss-making startup garnered a valuation of about $85 billion – higher ...
Vietnamese EV maker VinFast (VFS) released its Q2 earnings Thursday, its first report since going public, showing 303% revenue growth from the first quarter. VinFast revenue rises in Q2 on higher deliveries The growth comes amid VinFast’s EV deliveries rising over 400% in Q2. VinFast delivered 9,535 electric vehicles ...
HANOI, Sept 21 (Reuters) – Vietnamese electric vehicles maker VinFast plans to ship its first EVs to Europe this year after receiving regulatory approval, its chief executive told Reuters on Thursday, as the European Union considers imposing tariffs on its Chinese rivals. Under the plan, about 3,000 of its VF8 ...