BRIEF-VinFast Posts Q1 Total Rev $656.5 Mln Versus IBES Estimate $520 Mln

Reuters
09 Jun
BRIEF-VinFast Posts Q1 Total Rev $656.5 Mln Versus IBES Estimate $520 Mln

June 9 (Reuters) - VinFast Auto Ltd VFS.O:

  • VINFAST Q1 TOTAL REVENUE $656.5 MILLION VERSUS IBES ESTIMATE $520 MILLION

  • VINFAST Q1 EV DELIVERIES 36,330 UNITS

  • VINFAST Q1 NET LOSS OF $712.4 MILLION VERSUS IBES ESTIMATE $-616.3 MILLION

  • VINFAST: TARGETS ATLEAST DOUBLE GLOBAL VEHICLE DELIVERIES IN 2025

  • VINFAST: CKD FACILITY IN TAMIL NADU, INDIA, IS SLATED TO START OPERATIONS IN JULY

  • VINFAST: CEO PHAM NHAT VUONG HAS COMMITTED TO PROVIDE UP TO $2 BILLION IN FREE GRANTS TO CO AND UNITS

  • VINFAST: VINGROUP INTENDS TO PROVIDE CO WITH ADDITIONAL BORROWINGS OF UP TO $1.4 BILLION DURING A PERIOD FROM NOV 12, 2024 UNTIL 2026

Source text: [ID:]

Further company coverage: VFS.O

((Reuters.Briefs@thomsonreuters.com))

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