VinFast Auto Stock News

MARKHAM, Ontario--(BUSINESS WIRE)--Facing economic pressures, Canadian car buyers are increasingly prioritizing practicality and affordability. VinFast is responding to this shift by offering competitively priced, feature-rich SUVs, making sustainable transportation more accessible and desirable. In 2024, a distinct shift is reshaping the Canadian automotive landscape. Economic pressures are co...

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) ar...

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.

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 landsca...

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 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 Q...

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. (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.