VinFast Auto: A High-Risk, High-Reward EV Play
VinFast Auto has seen significant delivery growth, achieving 342% Y/Y in Q4'24, but continues to incur substantial losses. The EV maker is expanding globally and aims to double deliveries in 2025, potentially reducing operating losses over time. This year, VinFast Auto will continue to roll out new EV models and expand its dealer and service network in overseas markets.
VinFast plans to install EV charging stations across Indonesia, minister says
Indonesia's investment minister said that Vietnamese electric vehicle maker VinFast planned to install as many as 100,000 charging stations across the country, after President Prabowo Subianto met company representatives on Tuesday.
Vingroup signs deal for potential Qatar fund investment of $1 billion in VinFast
Vietnamese conglomerate Vingroup said on Tuesday it had signed a memorandum of understanding with private equity fund JTA Investment Qatar to explore a potential $1 billion investment in the electric carmaker VinFast.
VinFast speeds up EV deliveries but struggles to sell outside Vietnam
Vietnamese electric vehicle maker VinFast said on Thursday it delivered about 97,000 cars last year, nearly three times as many as in 2023, but sales were almost exclusively in its domestic market.
EV maker VinFast's losses heap pressure on parent Vingroup as foreign investors sell
Vietnamese conglomerate Vingroup is facing renewed scrutiny on its strategy of backing loss-making electric vehicle maker VinFast , with its shares near multi-year lows as foreign investors sell and its borrowing costs rise.
Should You Buy VinFast Auto Ltd. (VFS) After Golden Cross?
VinFast Auto Ltd. (VFS) reached a significant support level, and could be a good pick for investors from a technical perspective.
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.
