VinFast Auto (VFS) has released an update.
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VinFast Auto, an electric vehicle manufacturer, has reported a delivery increase of 24% quarter-over-quarter with 12,058 vehicles delivered in Q2 2024, reflecting strong year-over-year growth. Despite economic challenges, the company projects a significant increase in its annual EV deliveries for 2024, aiming to deliver around 80,000 vehicles, more than doubling the previous year’s numbers. Additionally, VinFast plans to refine its capital allocation, exemplified by the rescheduled production start at its North Carolina facility now set for 2028.
For further insights into VFS stock, check out TipRanks’ Stock Analysis page.
