(Reuters) -Vietnamese electric-vehicle (EV) maker VinFast on Thursday reported a 159% rise in third-quarter revenue as it ramped up car deliveries and sought to boost sales by partnering with dealers in the United States.
In the filing, VinFast also said it would launch an assembly facility in India, the world’s third biggest car producing nation, to take advantage of the South Asian government’s incentives for EVs.
VinFast, which is backed by Vietnam’s largest conglomerate Vingroup, is gearing up to strengthen its foothold overseas.
However, the EV maker has struggled after it earlier this year voluntarily recalled the first batch of 999 cars delivered to the United States.
Considering trying out virtual dating RN? We got you. Here are some tips to turn you into a video dating pro — instantly.
The company delivered 10,027 EVs in the third quarter ended Sept. 30.
Revenue was 8.25 trillion Vietnamese dong ($338 million), while net loss widened to 15 trillion Vietnamese dong.
($1 = 24,380.0000 dong)
(Reporting by Phuong Nguyen in Hanoi and Chavi Mehta in Bengaluru; Editing by Sriraj Kalluvila)
Are You Taking One of These 9 “Memory Erasing” Prescriptions? [ad]
You may think your memory loss is just a sign of getting older, but one of these 9 drugs could actually be damaging your brain... These 9 prescription drugs have now been linked to Alzheimer's disease diagnoses. If you're over the age of 60, and you're taking even 1 of these 9 drugs, your brain could be at risk. Click here to learn more.
