Vietnamese electric-vehicle maker VinFast on Thursday reported a wider second-quarter net loss as it stepped up spending on global expansion and marketing to spur demand and support its ambitious growth strategy.
MARKHAM, Ontario--(BUSINESS WIRE)--Vietnamese automaker VinFast is challenging Canada's auto industry norms by offering a 10-year, 200,000-kilometre warranty on its electric vehicles, a bold move aimed at easing buyer concerns over cost, reliability, and battery life. Remember the summer of 2019, when the Raptors brought a championship home? If you bought a new crossover that June, your factory...
VinFast Auto (VFS 0.87%) was an intriguing electric vehicle (EV) maker from the moment it went public. It has state-of-the-art production facilities, dominates its home market in Vietnam, has the backing of a wealthy founder, and touts its international ambitions.
MARKHAM, Ontario--(BUSINESS WIRE)--As Canada's electric vehicle market matures, one global brand has spent the past two years quietly shaping expectations with affordable models, long-range options, and one of the industry's most generous warranties. Canadians are buying more zero-emission vehicles every year. In 2024, electric vehicles made up 15.4 percent of new registrations1. That's up from...
SAN DIEGO , Aug. 20, 2025 /PRNewswire/ -- VinFast today announced that its first authorized dealership in California, VinFast San Diego, part of the Sunroad Automotive Group, successfully hosted its grand opening event on Tuesday, August 19th, at its dealership located in San Diego. This event marks a significant milestone in VinFast's global strategy to expand its sales model through a robust ...
When looking for an investment that can completely change your returns for the better, you need to have an eye on the future. But that's far easier said than done.
VinFast's founder Pham Nhat Vuong has agreed to buy the EV maker's research and development arm for $1.52 billion, his latest cash injection into the loss-making Vietnamese company as it strives to break even by the end of 2026.
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