VinFast Auto (VFS) Stock

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 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.

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 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.

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.

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.

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.

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).

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