Why VinFast Auto Stock Is Ripping Higher Today
VinFast Auto (NASDAQ: VFS) stock ripped higher Thursday morning and was trading up 21% as of 10:15 a.m. ET after the electric vehicle (EV) maker said it will display its highest-end model in Dubai at the annual United Nations summit on climate change, COP28.
VinFast CEO Madame Le Thi Thu Thuy will join a panel discussion of global leaders to discuss green mobility solutions (among other things) at COP28, which will convene from Nov. 30 to Dec. 12 in Dubai. The EV maker will also showcase its VF 9 all-electric luxury SUV at the conference.
VinFast currently has five SUVs, and VF 9 is its highest-priced model with a starting price of $83,000 including battery and an EPA-certified range of 330 miles. The company started delivering VF 9 in its home market, Vietnam, in the first quarter of 2023 and has already made it available in the U.S., Canada, and Europe. That also means VinFast Auto is showcasing its EV for the first time in the United Arab Emirates (UAE) region.
Source Fool.com
