VinFast Aims To Ship EVs To Europe By 2023 End: Report
Portfolio Pulse from Shivani Kumaresan
Vietnamese electric vehicle manufacturer VinFast Auto Ltd (NASDAQ:VFS) plans to ship its first batch of EVs to Europe this year after regulatory approval. The company aims to ship about 3,000 of its VF8 crossovers to France, Germany, and the Netherlands in Q4. If successful, Europe will be VinFast's biggest overseas market in 2023. The company is also working to obtain the voluntary Euro NCAP safety rating. VFS shares are trading lower by 0.70% at $17.07 in premarket on the last check Thursday.
September 21, 2023 | 12:54 pm
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VinFast plans to ship its first batch of EVs to Europe this year. If successful, Europe will be VinFast's biggest overseas market in 2023. VFS shares are trading lower by 0.70% at $17.07 in premarket on the last check Thursday.
The news of VinFast's plans to ship its EVs to Europe is directly related to the company's operations and future growth. If successful, this could significantly boost the company's revenues and market presence, potentially leading to a positive impact on its stock price. However, the stock is currently trading lower, which may be due to other market factors or investor sentiment.
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