CEO Morning Brief

Vietnam's VinFast Posts Higher 1Q Revenue as Vehicle Deliveries Increase

Publish date: Thu, 18 Apr 2024, 11:15 AM
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TheEdge CEO Morning Brief

(April 17): Vietnamese electric-vehicle maker VinFast reported higher first-quarter revenue on Wednesday on the back of increased vehicle deliveries.

The company's quarterly revenue more than tripled to US$302.6 million.

VinFast maintained its 2024 goal of 100,000 EV deliveries.

The company delivered nearly 9,700 cars in the first three months of this year, with a large portion going to its affiliate Green SM, a taxi operator and leasing provider backed by VinFast CEO Pham Nhat Vuong.

Source: TheEdge - 18 Apr 2024

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