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).
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/3/2024 | $10.00 | Buy | BTIG Research |
| 11/21/2023 | $12.00 | Outperform | Wedbush |
| 11/1/2023 | $7.00 | Overweight | Cantor Fitzgerald |
| 10/10/2023 | Buy | Chardan Capital Markets |
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
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
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
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
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