SINGAPORE, Sept. 20, 2024 /PRNewswire/ -- VinFast Auto Ltd. ("VinFast" or the "Company") (NASDAQ:VFS), a subsidiary of Vingroup JSC, and Vietnam's only pure-play electric vehicle manufacturer, today announced its unaudited financial results for the second quarter ended June 30, 2024. VinFast delivered 13,172 EVs in Q2, up by 44% QoQ and 43% YoY, bringing its delivery total for the first half of 2024 to 22,348 vehicles, a 101% increase compared to the same period last year.The Company recorded $357 million in revenue for Q2, up by 33% QoQ and 9% YoY.Vietnam, where momentum is a

SINGAPORE, Feb. 22, 2024 /PRNewswire/ -- VinFast Auto Ltd. ("VinFast" or the "Company") (NASDAQ:VFS), a subsidiary of Vingroup JSC, and Vietnam's leading electric automotive manufacturer, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. Fourth quarter revenue of $437 million, an increase of 26% over the previous quarter and 133% year-over-year. Profit margins increased significantly driven by cost optimization.Full year revenue of $1,198 million, an increase of 91% year-over-year.Targeting approximately 400 points

BTIG Research initiated coverage of VinFast Auto with a rating of Buy and set a new price target of $10.00

Wedbush initiated coverage of VinFast Auto with a rating of Outperform and set a new price target of $12.00

Cantor Fitzgerald initiated coverage of VinFast Auto with a rating of Overweight and set a new price target of $7.00

Chardan Capital Markets initiated coverage of VinFast Auto with a rating of Buy

EFFECT - VinFast Auto Ltd. (0001913510) (Filer)

POS AM - VinFast Auto Ltd. (0001913510) (Filer)

424B3 - VinFast Auto Ltd. (0001913510) (Filer)

424B3 - VinFast Auto Ltd. (0001913510) (Filer)

424B3 - VinFast Auto Ltd. (0001913510) (Filer)

6-K - VinFast Auto Ltd. (0001913510) (Filer)

424B3 - VinFast Auto Ltd. (0001913510) (Filer)

6-K - VinFast Auto Ltd. (0001913510) (Filer)

424B3 - VinFast Auto Ltd. (0001913510) (Filer)

POS AM - VinFast Auto Ltd. (0001913510) (Filer)

LOS ANGELES, Nov. 19, 2024 /PRNewswire/ -- VinFast Auto has officially commenced delivery of its flagship VF 9 all-electric, 7-passenger, 3-row SUV to U.S. customers. This launch reinforces VinFast's commitment to establishing a foothold in one of the world's most competitive automotive markets while offering eco-conscious consumers premium choices in the full size SUV segment, which currently has limited electric vehicle options. Beginning in November, the VF 9 will be available for delivery across VinFast's retail store network in California and through its dealerships, wi

HANOI, Vietnam, Nov. 4, 2024 /PRNewswire/ -- VinFast and the Durango Drivers' Union in Mexico signed a Memorandum of Understanding (MOU) to collaborate on the green transition of public transport, including the potential purchase of 3,000 VF 5 electric cars and 300 electric buses by Durango Driver's Union for operation in Mexico. This strategic partnership underscores the growing global interest in VinFast's electric vehicles, highlighting their ability to meet the evolving needs of diverse markets. Under the agreement, both parties will negotiate the sale of VF 5 electric veh

DUBAI, UAE, Oct. 29, 2024 /PRNewswire/ -- At Bluewaters Island (Dubai), VinFast Auto held the official brand launch event in the Middle Eastern market, showcasing a variety of smart and green mobility solutions. This event marks a significant milestone in VinFast's global expansion strategy and reinforces its commitment to providing sustainable and green transportation solutions in the region. On the same day as the brand launch, VinFast, together with its partner Al Tayer Motors, officially opened its first dealership in the United Arab Emirates (UAE), located in the downtown

SINGAPORE, Sept. 20, 2024 /PRNewswire/ -- VinFast Auto Ltd. ("VinFast" or the "Company") (NASDAQ:VFS), a subsidiary of Vingroup JSC, and Vietnam's only pure-play electric vehicle manufacturer, today announced its unaudited financial results for the second quarter ended June 30, 2024. VinFast delivered 13,172 EVs in Q2, up by 44% QoQ and 43% YoY, bringing its delivery total for the first half of 2024 to 22,348 vehicles, a 101% increase compared to the same period last year.The Company recorded $357 million in revenue for Q2, up by 33% QoQ and 9% YoY.Vietnam, where momentum is a

LOS ANGELES, July 19, 2024 /PRNewswire/ -- VinFast Auto (NASDAQ:VFS), the Vietnamese automotive manufacturer announced the creation of its Dealer Advisory Board. This esteemed group comprises leading VinFast dealership representatives from across the United States, selected for their customer service commitment, and industry expertise. The Dealer Advisory Board will serve as a vital communication channel between VinFast Auto and its growing network of 25 dealerships. Board members met for the first time on July 17, 2024, in Los Angeles, California. During these meetings, they

SINGAPORE, July 12, 2024 /PRNewswire/ -- VinFast Auto Ltd. ("VinFast" or the "Company"), a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone, delivered 21,747 electric vehicles in the first half of 2024, a significant 92% increase over the same period in 2023. For the second quarter of 2024, VinFast delivered 12,058 vehicles, representing an increase of 24% quarter-over-quarter and an increase of 26% compared to the same period of last year. While the second-quarter delivery results were encouraging, ongoing economic headwinds

SINGAPORE, Feb. 22, 2024 /PRNewswire/ -- VinFast Auto Ltd. ("VinFast" or the "Company") (NASDAQ:VFS), a subsidiary of Vingroup JSC, and Vietnam's leading electric automotive manufacturer, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. Fourth quarter revenue of $437 million, an increase of 26% over the previous quarter and 133% year-over-year. Profit margins increased significantly driven by cost optimization.Full year revenue of $1,198 million, an increase of 91% year-over-year.Targeting approximately 400 points

LAS VEGAS, Jan. 31, 2024 /PRNewswire/ -- VinFast Auto (NASDAQ:VFS) announced its participation in the National Automobile Dealers Association Show 2024 (NADA), one of the largest and most reputable dealer associations in the US, held February 1-4, 2024. The event marks a significant step for VinFast towards expanding its cooperation opportunities in car dealership within the US market. Founded in 1917, the National Automobile Dealers Association (NADA) consists of more than 16,000 franchised new-car dealer members and more than 32,000 franchise representatives throughout the U

LAS VEGAS, Jan. 10, 2024 /PRNewswire/ -- VinFast Auto (NASDAQ:VFS) officially announces the US rollout of the DrgnFly electric bike, at CES 2024. Underpinned by the message "Ride your style," the DrgnFly offers riders a unique and thrilling experience, contributing to catalyzing the future of accessible, electric mobility for everyone. The name "DrgnFly" is inspired by the image of the "ascending dragon," which has deep roots in the proud history of Thang Long, Vietnam. The launch just one year after its initial showcase underscores VinFast's unwavering commitment to a sustain

LAS VEGAS, Jan. 9, 2024 /PRNewswire/ -- At CES 2024, VinFast Auto (NASDAQ:VFS), Vietnam's leading electric vehicle manufacturer, unveils its new electric vehicle concept - the VF Wild. The concept car is VinFast's first attempt for a pickup truck, exemplifying VinFast's commitment to broadening its product range and promoting sustainable mobility by making smart, safe, exciting electric vehicles accessible to everyone. The VF Wild concept highlights VinFast's innovative efforts to create a pickup truck with exceptional performance, catering to the new generation of consumers

Cantor Fitzgerald analyst Andres Sheppard reiterates VinFast Auto (NASDAQ:VFS) with a Overweight and maintains $8 price target.

Electric vehicle stocks fell across the board, with the decline mostly due to the broader market pullback this week. Tesla, Inc. (NASDAQ:TSLA) extended its weekly declines ahead of next week’s earnings release. Here’s a run down on what happened in the EV space during the week: Tesla Raises Prices: The not-so-successful price-cutting strategy has been discontinued at least for now, with Tesla announcing $2,000 price increases for all variants of the Model S and Model X EVs in U.S. this week. The prices of these models were also hiked in Canada. The company, however, is persisting with its incentives and liberal financing options. Tesla influencer Sawyer Merritt reported that Tesla has

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-fo

At the Gaikindo Indonesia International Auto Show (GIIAS) 2024, VinFast officially delivered the first VF e34 C-SUVs to customers in Indonesia, After the event, the VF e34 has a price of IDR408,200,000(battery included) and IDR314,000,000(battery subscription), and the VF 5 has a price of 310,000,000 IDR (battery included) and 241,800,000 IDR (battery subscription) (On The Road Jakarta).

BYD Co., Ltd. (OTC:BYDDY) announced on Thursday its strategy to significantly expand its dealership network in Vietnam. The electric vehicle (EV) company is opening its first set of stores in the country this week. The move steps up the competition against local rival VinFast Auto Ltd. (NASDAQ:VFS). By Saturday, 13 BYD dealerships will welcome customers in Vietnam. The plan is to increase this number to approximately 100 by 2026, reported Reuters. The initial three-model product lineup, featuring the compact crossover Atto 3, will expand to six starting in October, the report read, citing Vo Minh Luc, chief operations officer for BYD Vietnam. Also Read: GM Delays 1M EV Production

Cantor Fitzgerald analyst Andres Sheppard reiterates VinFast Auto (NASDAQ:VFS) with a Overweight and maintains $8 price target.

Automotive stocks, including Canoo Inc (NASDAQ:GOEV), Lucid Group, Inc (NASDAQ:LCID), Polestar Automotive Holding UK (NASDAQ:PSNY), VinFast Auto (NASDAQ:VFS), and Workhorse Group, Inc (NASDAQ:WKHS), are trading lower Monday following China’s slower-than-expected second-quarter economic growth. The Chinese electric vehicle stocks also traded lower on Monday. The second-largest economy grew by 4.7% from April to June, falling short of the 5.1% forecast by analysts. The consumer sector faces challenges as retail sales growth hit an 18-month low due to deflationary pressures leading to price cuts on cars, food, and clothing. Slow retail sales growth, rising unemployment, and reduced

Cantor Fitzgerald analyst Andres Sheppard reiterates VinFast Auto (NASDAQ:VFS) with a Overweight and maintains $8 price target.

In a recent development, Vietnamese electric vehicle (EV) manufacturer VinFast Auto Ltd. (NASDAQ:VFS) has announced a three-year delay in the construction of its US factory, further complicating its global expansion plans. What Happened: VinFast has also scaled down its annual sales target from 100,000 to 80,000 units, Bloomberg reported on Monday. The postponement of the North Carolina factory, declared on Saturday, is likely to exert additional strain on the company’s sales forecast. Tyler Manh Dung Nguyen, Chief Market Strategist at Ho Chi Minh City Securities Corp., characterized the U.S. market as “tough” for VinFast, particularly in light of the ongoing consumer transition from f