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Stock impact report

VinFast Reports Unaudited Second Quarter 2024 Financial Results

VinFast Auto Ltd. (VFS) 
Company Research Source: Business Wire
SINGAPORE--(BUSINESS WIRE)--VinFast Auto Ltd. (“VinFast” or the “Company”) (Nasdaq: VFS), a subsidiary of Vingroup JSC, and Vietnam’s only pure-play electric vehicle manufacturer, today announced its unaudited financial results for the second quarter ended June 30, 2024.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240920698446/en/VinFast VF 8 model (Photo: Business Wire)VinFast delivered 13,172 EVs in Q2, up by 44% QoQ and 43% YoY, bringing its delivery total for the first half of 2024 to 22,348 vehicles, a 101% increase compared to the same period last year.The Company recorded $357 million in revenue for Q2, up by 33% QoQ and 9% YoY.Vietnam, where momentum is accelerating, will play a key role in driving VinFast’s revenue in the remainder of 2024.Madam Thuy Le, Chairwoman of VinFast, said: “We remain focused on our mission to contribute to a sustainable future for everyone. Our strategy is unchanged with regards to Show less Read more
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