Based on the results of its unaudited financial report for the 3rd quarter of 2023, Vietnamese car maker VinFast's revenue is up
Based on the results of its unaudited financial report for the 3rd quarter of 2023, Vietnamese car maker VinFast’s revenue is up 159% to $343 million year-over-year. The increase in revenue was driven by strong sales of the company’s electric vehicles in Vietnam.
Combined, the CKD facilities in the two selected countries have a planned total capacity of up to 50,000 cars per year and an estimated total capital expenditure of US$150 million to US$200 million in its first phase. Production is expected to commence by 2026.’s Nasdaq debut was the establishment of broad distribution channels, leveraging local networks and the expertise of third-party dealerships and distribution to increase coverage in our expanding list of target markets.
“We started delivering in Canada and saw encouraging sales in September. We expect to see greater sales contribution from international markets from 2024 as we enter new markets and expand our distribution network through 3rd party dealerships and distribution,” our source replied. Based on the financial information submitted to the US Security and Exchange Commission VinFast’s expenses for the third quarter of 2023 were $623 million, up 175% year-over-year. The increase in expenses was driven by higher costs of goods sold , research and development , and selling, general, and administrative expenses. COGS increased by 190% year-over-year due to the increase in EV sales.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Samsung\u2019s redesigned Galaxy SmartTag2 is now official, promising greater peace of mindThe Samsung Galaxy SmartTag2 is officially announced by the South Korean tech giant, featuring plenty of new enhancements and intuitive features.
Les mer »
As student loan payments resume, scam calls promising forgiveness are on the riseMeredith Hackler joined WRTV as a Multi-Media Journalist and Reporter in February of 2022.
Les mer »
In Early Trial, Promising Results for Moderna's Combo COVID-Flu VaccineModerna Inc. announced Wednesday that it has seen positive early results with a new vaccine that would guard against four strains of flu plus COVID-19.
Les mer »
A new Alzheimer\u2019s monoclonal antibody treatment shows promising results: \u2018Hopefully more effective approach\u2019A new Alzheimer’s disease monoclonal antibody treatment that takes aim at a new target for the progressive disease has shown promising results, according to Boston researchers.
Les mer »
Mississippi encourages extra hunting to tame record deer populationMississippi’s deer population is bigger than ever before, prompting state officials to encourage hunters to catch an extra target total this year. Mississippi is home to more than 1.5 million deer, a state record, according to the Mississippi Department of Wildlife, Fisheries and Parks. The department has given hunters the green light Wednesday to grow their harvests during the current and upcoming deer hunting seasons. It's part of an effort to keep the deer population under control. State officials say deer hunting is a $1 billion industry in Mississippi.
Les mer »
Driving school instructor encourages drivers to keep their phones down while on the roadState leaders say distracted driving cases hit a six-year low last month thanks to Ohio's new distracted driving law.
Les mer »