VinFast Auto Reaffirms Target To Deliver 100,000 EVs In FY24, Cash And Equivalents As Of March 31 Totals $123.3M
Portfolio Pulse from Benzinga Newsdesk
VinFast Auto has reaffirmed its target to deliver 100,000 electric vehicles (EVs) in the fiscal year 2024. As of March 31, the company reported having cash and equivalents totaling $123.3 million. This outlook is based on the company's current and preliminary view of the business and market conditions, which may change.
April 17, 2024 | 10:21 am
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VinFast Auto aims to deliver 100,000 EVs in FY24, with a strong cash position of $123.3M as of March 31.
VinFast Auto's reaffirmation of its delivery target for FY24 and its current cash reserves are positive indicators of the company's financial health and operational goals. This news is likely to instill confidence in investors about the company's future prospects and ability to meet its targets, potentially leading to a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100