VinFast Auto Stock News

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.

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.

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

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...

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...

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.

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

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