What's Going On With VinFast Auto Shares Today?

Author: Nabaparna Bhattacharya | July 19, 2024 08:09am

VinFast Auto Ltd. (NASDAQ:VFS) shares are trading higher in the premarket session on Friday.

According to Benzinga Pro, VFS stock has lost over 87% in the past year.

Today, the firm debuted the first VF e34 C-SUVs at the Gaikindo Indonesia International Auto Show (GIIAS) 2024, marking a pivotal moment as they delivered the vehicles to pioneering customers in Indonesia.

During a ceremony at VinFast’s GIIAS 2024 booth, the first VF e34 cars were delivered to customers, just five months post-launch and four months since sales began.

The VF e34, an e-SUV in the C-segment, features modern design and advanced technology, ensuring an outstanding driving experience. VinFast’s customer-focused approach includes flexible sales policies like battery subscription options, enhancing affordability.

Also Read: BYD Challenges VinFast In Vietnam, Aims To Expand Car Dealerships From 13 Locations To 100 By 2026

Owners benefit from after-sales support: a 10-year vehicle warranty, unlimited mileage battery warranty for purchased batteries, and free maintenance and replacement for subscription batteries below 70% capacity.

At GIIAS 2024, VinFast offers exclusive prices: VF 5 from IDR218.25 million (~$13,471) and VF e34 from IDR273 million, valid for first 1,000 units with battery purchase or subscription.

Post-event prices constitute VF e34 IDR 408.200 million (battery included), IDR314.00 million (subscription); VF 5 IDR310 million (battery included), IDR 241.80 million (subscription) (On The Road Jakarta).

Price Action: VFS shares are trading higher by 3.08% to $4.69 premarket at last check Friday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image via Shutterstock

Read Next:

• What’s In Store For Microsoft In Q4? Analyst Sees Azure Strength, Double-Digit Revenue Growth Outlook

Posted In: VFS