VinFast Auto Ltd

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

VinFast dominates Vietnam's EV market with record-breaking Q3 performance

VinFast's Q3 performance reflects a remarkable ascent in the EV industry, supported by robust sales figures, international expansion, and a strong capital base. While challenges exist, the company's strategic strengths position it well for future growth and success.

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VinFast Auto Ltd. engages in designing and manufacturing electric vehicles. It offers electric scooters (e-scooters) and electric buses (e-buses). It provides e-mobility ecosystem built around customers, community and connectivity alongside new vehicle roll-out. The company was founded by Pham Nhat Vuong in June 2017 and is headquartered in Hai Phong City, Vietnam.

MARKHAM, Ontario--(BUSINESS WIRE)--VinFast, a global electric vehicle manufacturer, is aiming to accelerate EV adoption in Canada by offering an industry-leading 10-year warranty. This move addresses consumer concerns about long-term reliability, making EVs a more attractive option and a safer investment for Canadian buyers. As Canada advances toward a greener future, electric vehicles (EVs) are increasingly viewed as essential for reducing carbon emissions and combating climate change. Governm.

VinFast Brings Industry-leading Warranty to Canadian EV Buyers

VinFast Auto Ltd. (VFS) reached a significant support level, and could be a good pick for investors from a technical perspective.

Should You Buy VinFast Auto Ltd. (VFS) After Golden Cross?

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.

EV maker VinFast to build second production plant in Vietnam

MARKHAM, Ontario--(BUSINESS WIRE)--The VinFast VF 9 is an all-electric, seven-seater SUV poised to redefine the full-size segment in Canada. With its luxurious design, spacious interior, powerful performance, and a commitment to care and sustainability, the VF 9 embodies VinFast's philosophy of love and innovation. As the demand for large SUVs continues to dominate the global automotive landscape, accounting for nearly half of car sales in 20231, an interesting paradox arises: while consumers s.

VinFast VF 9: Raising the Bar for Electric Family SUVs in Canada

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 at the start of a multi-year growth story, analysts believe

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.

VinFast Auto: Strong Growth Stock

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.

Vietnamese EV maker Vinfast reports $550 million Q3 loss

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 Auto Ltd. (VFS) Q3 2024 Earnings Call Transcript

SINGAPORE , Nov. 26, 2024 /PRNewswire/ -- VinFast Auto Ltd. ("VinFast" or the "Company") (Nasdaq: VFS), a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone, today announced its unaudited financial results for the third quarter ending September 30, 2024.

VinFast Reports Unaudited Third Quarter 2024 Financial Results

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.

VinFast Stock Is Rising. The EV Maker Marked a Milestone.

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.

EV maker VinFast narrows Q3 losses, beats revenue estimates on strong demand

TORONTO--(BUSINESS WIRE)--As a partner of Food Banks Canada, VinFast, a leading electric vehicle (EV) brand, is excited to announce its latest initiative to support food banks across Canada. Launching on November 18 and running through December 31, 2024, VinFast's Food Banks Canada Initiative will donate 100 meals to people in need for every test drive taken. With a goal of reaching 1,000 test drives nationwide, VinFast aims to provide up to 100,000 meals for Canadians in need by the end of the.

VinFast Drives Community Support with Food Bank Initiative: Test Drive a VinFast EV, Help Provide 100,000 Meals for Those in Need

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.

VINFAST BEGINS U.S. DELIVERIES OF VF 9 ALL-ELECTRIC WITH LIMITED-TIME SPECIAL OFFER

MARKHAM, Ontario--(BUSINESS WIRE)--VinFast Auto has officially commenced delivery of its flagship VF 9 all-electric, 7-passenger, 3-row dual motor all-wheel drive SUV to Canadian 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 fill size SUV segment, which currently has limited electric vehicle options. Beginning in November, the VF 9 will be a.

VinFast Begins Canadian Deliveries of VF 9 All-Electric

VinFast faces incredible, and expensive, challenges as it expands from its homeland, but it has one huge reason to remain hopeful it won't become the next Fisker.

Is VinFast the Next Fisker?

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.

Loss-making EV firm VinFast to get $3.4 bln more funding from founder, parent company

NEW YORK , Nov. 10, 2024 /PRNewswire/ -- 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

VinFast has some good news for investors looking to fund its expansion plans.

A Little Good News for VinFast Investors

MARKHAM, Ontario--(BUSINESS WIRE)--In Canada's auto market, the VinFast VF 8 stands out as a mid-size electric vehicle crafted with family needs in mind. Offering spacious interiors, smart technology, and eco-friendly efficiency, it's designed to handle the everyday demands and “what-if” scenarios that families often face, all while keeping environmental impact low. In today's automotive market, the SUV is king, dominating sales across developed car markets in Europe and the U.S., and Canada is.

The VinFast VF 8 – The Ideal Car for a 'What-If' Family

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 t he potential purchase of 3,000 VF 5 electric cars and 300 electric buses  by Durang o Driver's Union for operatio n 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.

VINFAST AND DURANGO DRIVERS' UNION SIGN STRATEGIC MOU ON GREEN TRANSITION OF PUBLIC TRANSPORT IN MEXICO

VinFast Auto Ltd (NASDAQ: VFS) is in focus today following a report that it has signed an agreement with a group of Emirati investors led by Emirates Driving Co. The news is significant for shares of the electric vehicles company as the deal entails it receiving a whopping $1.0 billion in funding from that consortium.

VinFast secures $1 billion funding—should you buy VFS shares?

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.

VINFAST OFFICIALLY LAUNCHES IN THE MIDDLE EAST

The company's electric vehicles are basically flying out of dealerships.

Why VinFast Auto Stock Zoomed Nearly 12% Higher on Tuesday

Vietnamese EV maker VinFast said on Tuesday it delivered 21,912 electric vehicles in the third quarter, up 66% from the sequentially previous quarter.

VinFast's third-quarter deliveries jump on robust domestic demand

MARKHAM, Ontario--(BUSINESS WIRE)--The electric vehicle (EV) industry is at a crossroads as government incentives fade and consumer priorities shift. Automaker VinFast is proactively adapting to a new market reality with a customer-centric philosophy to drive widespread EV adoption. Automakers must now adapt to new market realities by embracing a more direct approach to attracting buyers and making electric vehicles a viable choice for the mainstream market while addressing concerns about affor.

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