Vietnamese electric-vehicle maker VinFast reported a deeper second-quarter loss on Friday, driven by rising costs linked to its ambitious Asia expansion, although its revenue remained on a rising trend, its exchange filing showed.
The U.S. National Highway Traffic Safety Administration on Thursday said it has opened a probe into about 3,118 VinFast vehicles over reports that the Lane Keep Assist System was not functioning correctly.
VinFast (VFS) stock price has remained in a tight range since October last year as concerns about the Vietnamese company continued. In this period, the stock has remained between the key support at $2.10 and the resistance point at $9.
VinFast's deliveries to an affiliate company may inflate sales figures. The EV maker has delayed its North Carolina factory yet again.
VinFast struggled to ramp up its deliveries last year. Its North American expansion faces significant roadblocks.
Vietnamese electric vehicle (EV) maker VinFast is delaying the launch of its planned $4 billion factory in North Carolina to 2028 and cutting its delivery forecast for this year by 20,000 units amid uncertainties in the global EV market.
VinFast Auto Ltd. NASDAQ: VFS is a Vietnamese manufacturer of electric vehicles (EVs), e-buses, and e-scooters.
NEW YORK, NY / ACCESSWIRE / June 11, 2024 / If you suffered a loss on your VinFast Auto Ltd. f/k/a Black Spade Acquisition Co. (NASDAQ:VFS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E.
LOS ANGELES, CA / ACCESSWIRE / June 11, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against VinFast Auto Ltd. f/k/a Black Spade Acquisition Co. ("VinFast" or "the Company") (NASDAQ:VFS) for violations of the federal securities laws.
NEW YORK, NY / ACCESSWIRE / June 11, 2024 / If you suffered a loss on your VinFast Auto Ltd. f/k/a Black Spade Acquisition Co. (NASDAQ:VFS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E.
VinFast Auto is selling most of its vehicles to its own affiliate. Its North Carolina plant faces costly delays.
NEW YORK, NY / ACCESSWIRE / June 10, 2024 / If you suffered a loss on your VinFast Auto Ltd. f/k/a Black Spade Acquisition Co. (NASDAQ:VFS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E.