VinFast Auto Ltd

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q3 2024

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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.

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.

VinFast Charts a Customer-Focused Course as EV Incentives Fade Away

NEW YORK, NY / ACCESSWIRE / October 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of VinFast Auto Ltd. ("VinFast Auto Ltd.

Investors who Lost Money on VinFast Auto Ltd. Should Contact Levi & Korsinsky About an Ongoing Investigation - VFS

NEW YORK, NY / ACCESSWIRE / October 8, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of VinFast Auto Ltd. ("VinFast Auto Ltd.

VFS ALERT- Levi & Korsinsky Has Commenced an Investigation on Behalf of VinFast Auto Ltd. Shareholders Who Lost Money

NEW YORK, NY / ACCESSWIRE / October 7, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of VinFast Auto Ltd. ("VinFast Auto Ltd.

ATTENTION VFS SHAREHOLDERS: Investors who lost money on VinFast Auto Ltd. are urged to contact Levi & Korsinsky about an Ongoing Investigation

NEW YORK, NY / ACCESSWIRE / October 1, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of VinFast Auto Ltd. ("VinFast Auto Ltd.

ATTENTION VFS SHAREHOLDERS: Investors who lost money on VinFast Auto Ltd. are urged to contact Levi & Korsinsky about an ongoing investigation

VinFast Auto Ltd. Investigated by Shareholder Rights Advocates - Investors Should Contact Levi & Korsinsky Regarding Potential Securities Law Violations - VFS

NEW YORK, NY / ACCESSWIRE / September 29, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of VinFast Auto Ltd. ("VinFast Auto Ltd.

Levi & Korsinsky Announces an Investigation on Behalf of VinFast Auto Ltd. (VFS) Shareholders Who May Have Been Affected by Fraud

NEW YORK, NY / ACCESSWIRE / September 27, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of VinFast Auto Ltd. ("VinFast Auto Ltd.

VinFast Auto Ltd. (VFS) Investors with Losses are Urged to Contact Levi & Korsinsky to Discuss Their Rights

An Investigation Has Commenced on Behalf of VinFast Auto Ltd. Shareholders.

VinFast's Q2 results were disappointing, with a significant revenue miss and negative gross margins, highlighting ongoing financial struggles and declining average selling prices. The company's balance sheet is concerning, with high debt and negative working capital, although it has $2 billion in available liquidity from its founder and lending facilities. VinFast has reduced its 2024 delivery target and delayed its US facility timeline, leading to lowered analyst revenue estimates and a stretched valuation.

VinFast: Sell This EV Laggard

VinFast's loss widened year over year. Full-year delivery estimates will be challenging to achieve.

Why Are Investors Backing Off VinFast Auto?

SINGAPORE , Sept. 20, 2024 /PRNewswire/ -- VinFast Auto Ltd.

VINFAST REPORTS UNAUDITED SECOND QUARTER 2024 FINANCIAL RESULTS

VinFast Auto Ltd. (NASDAQ:VFS ) Q2 2024 Earnings Conference Call September 20, 2024 8:00 AM ET Company Participants Nhi Nguyen - Investor Relations Le Thi Thu Thuy - Chairwoman Nguyen Thi Lan Anh - Chief Financial Officer Conference Call Participants Andres Sheppard - Cantor Fitzgerald Steven Wahrhaftig - Wedbush Securities Tyler DiMatteo - BTIG Operator Good day and thank you for standing by.

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