Stock Track | VinFast Auto Soars 6.19% in Pre-market on Break-Even Target and Strong EV Delivery Forecast

Stock Track04-22

VinFast Auto's stock surged 6.19% during pre-market trading on Wednesday, following a series of positive announcements from its parent company, Vingroup.

The rally was driven by comments from Vingroup Chairman Pham Nhat Vuong, who confirmed that the electric vehicle maker is expected to break even in 2027. He also stated that VinFast is projected to deliver 300,000 electric vehicles this year, with two-thirds of those destined for the domestic market.

Additionally, the chairman reinforced the company's strategic direction by confirming that VinFast will not return to producing internal combustion engine cars, solidifying its commitment to the electric vehicle market. These announcements from Vingroup's shareholder meeting provided investors with renewed confidence in VinFast's financial outlook and growth trajectory.

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