EV maker VinFast to build second production plant in Vietnam
Vietnamese electric vehicle (EV) manufacturer VinFast on Sunday announced a plan to build its second domestic production plant that will double its output capacity, saying it is needed to meet increased demand for its small and mid-sized models.
VinFast at the start of a multi-year growth story, analysts believe
VinFast Auto Ltd (NASDAQ:VFS)'s mixed third quarter earnings report marked a step in the right direction for the Vietnamese electric vehicle maker “with Mojo into 2025,” analysts at Wedbush believe. They maintain their ‘Outperform' rating and $8 price target on VinFast, which traded up 3.7% at $4 on Wednesday afternoon.
VinFast Auto: Strong Growth Stock
VinFast Auto reported better-than-expected Q3 earnings, driven by strong EV deliveries, higher revenue, and a narrowing of losses, indicating a path to profitability. The company achieved 49% Y/Y revenue growth and 115% Y/Y delivery growth, with strong domestic and international delivery momentum. Despite significant losses, VinFast Auto's gross margin improved from (63%) in Q2'24 to (24%) in Q3'24, aided by higher production volumes.
Vietnamese EV maker Vinfast reports $550 million Q3 loss
Vietnamese electric vehicle manufacturer VinFast reported a net loss of $550 million for the third quarter, less than the same period last year as the firm recorded an uptick in sales.
VinFast Auto Ltd. (VFS) Q3 2024 Earnings Call Transcript
VinFast Auto Ltd. (NASDAQ:VFS ) Q3 2024 Earnings Conference Call November 26, 2024 8:00 AM ET Company Participants Nhi Nguyen - IR Le Thi Thu Thuy - Chairwoman Nguyen Thi Lan Anh - CFO Conference Call Participants Andrew Sheppard - Cantor Fitzgerald Tyler DiMatteo - BTIG Dan Ives - Webs Operator Good day and thank you for standing by.
VinFast Stock Is Rising. The EV Maker Marked a Milestone.
Vietnamese electric-vehicle maker VinFast reported a narrower third-quarter loss than what Wall Street had expected, and outsold international rivals in its home country.
EV maker VinFast narrows Q3 losses, beats revenue estimates on strong demand
Vietnamese electric vehicle (EV) manufacturer VinFast on Tuesday reported a smaller $550 million net loss for the third quarter compared with a year earlier, helped by lower costs for materials and ramped-up production volumes.
Loss-making EV firm VinFast to get $3.4 bln more funding from founder, parent company
Nasdaq-listed electric vehicle maker VinFast said on Wednesday it will get a fresh round of funding worth 85 trillion dong ($3.35 billion) from its founder and its parent firm, Vingroup by 2026, when it expects to break even.
A Little Good News for VinFast Investors
VinFast has some good news for investors looking to fund its expansion plans.
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of VinFast Auto Ltd. - VFS
NEW YORK, NY / ACCESSWIRE / November 8, 2024 / Pomerantz LLP is investigating claims on behalf of investors of VinFast Auto Ltd. ("VinFast" or the "Company") (NASDAQ:VFS).
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of VinFast Auto Ltd. - VFS
NEW YORK CITY, NY / ACCESSWIRE / November 6, 2024 / Pomerantz LLP is investigating claims on behalf of investors of VinFast Auto Ltd. ("VinFast" or the "Company") (NASDAQ:VFS).
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of VinFast Auto Ltd. - VFS
NEW YORK, NY / ACCESSWIRE / November 4, 2024 / Pomerantz LLP is investigating claims on behalf of investors of VinFast Auto Ltd. ("VinFast" or the "Company") (NASDAQ:VFS).
