Final hours! Save up to 55% OFF InvestingProCLAIM SALE

Vinfast 2Q deliveries jump fivefold

EditorAmbhini Aishwarya
Published 09/18/2023, 08:51 AM
© Reuters Vinfast (VFS) 2Q deliveries jump fivefold
VFS
-

Vietnamese electric vehicle manufacturer VinFast Auto (NASDAQ:VFS) announced on Monday that it experienced a substantial increase in deliveries during the second quarter, with 9,535 vehicles delivered, marking a more than fivefold surge compared to the first quarter. For the first half of this year, the company reported a total of 11,315 deliveries.

Vinfast made a highly anticipated debut on Wall Street in August, resulting in its shares more than tripling in value. However, due to the limited availability of publicly traded shares, the company's stock has exhibited significant volatility. Since its debut, Vinfast's shares have seen a decline of approximately 53%, and in premarket trading on Monday, they experienced a further drop of 2.17% to reach $17.15.

Vinfast has scheduled the release of its 2Q results for September 21st.

Shares of VFS are down 2.17% in premarket trading Monday.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.