VinFast guides for 80K full-year EV deliveries, makes inroads in the U.S. [Seeking Alpha]
VinFast Auto Ltd. (VFS)
Company Research
Source: Seeking Alpha
Revenue rose 9% year-over-year to $357 million for the quarter that ended on June 30. VinFast ( VFS ) saw deliveries rise 43% year-over-year and 44% quarter-over-quarter in Q2 to 13,172 EVs. The company said one of the key drivers behind the growth was the increasing adoption of electric vehicles in the Vietnamese market, where VinFast recorded a 108% year-over-year increase in B2C deliveries during the quarter. VinFast ( VFS ) highlighted that it made some moves in the U.S. during Q2. The company continued to build its foundation by introducing its products and strategies to key U.S. dealerships. To bolster brand awareness, VinFast ( VFS ) expanded customer outreach through its dealer network and established a Dealer Advisory Council to gain valuable insights. At the end of the quarter, VinFast ( VFS ) was operating in eight states (California, Connecticut, Florida, Kansas, Kentucky, North Carolina, New York, and Texas) with a combined network of dealer stores and VinFast-owned sh
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VFS
News
- VINFAST REPORTS UNAUDITED SECOND QUARTER 2024 FINANCIAL RESULTSPR Newswire
- VinFast Auto Ltd. (VFS) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- VinFast Reports Unaudited Second Quarter 2024 Financial ResultsBusiness Wire
- VinFast faces safety probe in the U.S. over lane assist system [Seeking Alpha]Seeking Alpha
- Four EV Road Trips That Make Exploring Canada Even BetterBusiness Wire
VFS
Earnings
- 4/17/24 - Miss
VFS
Sec Filings
- 9/20/24 - Form 6-K
- 9/19/24 - Form 6-K/A
- 9/10/24 - Form 20-F/A
- VFS's page on the SEC website