VinFast Auto Stock Jumps 50% on High Demand for VF 3 Low-Cost Electric SUV

Thursday, 16 May 2024, 17:27

VinFast Auto's stock surged 50% today due to a huge interest in its low-priced EV model, VF 3. The Vietnamese automaker received deposits for nearly 30,000 units within 72 hours of launching the compact SUV. Although the stock has seen significant gains, investors should approach with caution amidst growing excitement and underlying market volatility.

https://store.livarava.com/38231f41-13aa-11ef-a6c2-63e1980711b2.png — VinFast Auto Stock Jumps 50% on High Demand for VF 3 Low-Cost Electric SUV

VinFast Auto Stock Update

Interest in the Vietnamese automaker's low-cost EV is through the roof. VinFast Auto (NASDAQ: VFS) recently introduced its VF 3 electric SUV priced at around $10,000, leading to substantial market excitement.

Key Points:

Massive Interest: Over 30,000 deposits received for the VF 3 in under 72 hours.
Market Reaction: Stock prices surged by 50% after the news.
Caution Advised: Despite the positive momentum, investors should remain vigilant due to underlying market conditions.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

VinFast Auto Stock Update

Key Points:

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