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Why VinFast Auto Stock Zoomed Nearly 12% Higher on Tuesday
The Motley Fool· 2024-10-22 21:40
Core Insights - VinFast's electric vehicles are experiencing significant demand, leading to a notable increase in share price following the announcement of delivery figures [1] - The company reported a total of 21,912 EV deliveries in Q3, reflecting a year-over-year growth of 116% and a quarter-over-quarter increase of 66% [2] - VinFast achieved a milestone by becoming the top-performing EV maker in Vietnam, surpassing all international competitors in September with over 9,300 vehicle deliveries [2] Delivery Performance - The total EV deliveries for VinFast in Q3 reached 21,912 units, marking a substantial year-over-year growth of 116% [2] - The quarter-over-quarter improvement was recorded at 66%, indicating strong momentum in the company's sales [2] - In September alone, VinFast delivered more than 9,300 vehicles in Vietnam, achieving the No. 1 position among EV makers [2] Market Reaction - Following the delivery announcement, VinFast's stock price surged nearly 12%, outperforming the S&P 500 index, which remained relatively flat [1] - The positive market response suggests renewed investor interest in VinFast after a period of cooling due to previous financial losses [3] - The upcoming financial results announcement on November 6 is anticipated to further influence investor sentiment [2]
VinFast: Sell This EV Laggard
Seeking Alpha· 2024-09-24 15:23
I am a market enthusiast and part-time trader. I started writing for Seeking Alpha in 2011, and it has been a tremendous opportunity and learning experience. I have been interested in the markets since elementary school, and hope to pursue a career in the investment management industry. I have been active in the markets for several years, and am primarily focused on long/short equities. I hold a Bachelor of Science Degree from Lehigh University, where I double majored in Finance and Accounting, with a minor ...
Why Are Investors Backing Off VinFast Auto?
The Motley Fool· 2024-09-22 16:18
The hype has worn off VinFast, with its stock spiraling lower since its IPO a little over a year ago. But why have investors been backing off recently? VinFast Auto (VFS -7.58%) was an intriguing investment from the get-go. At a time when investors are flipping over every rock to find the next Tesla, VinFast dominated its home Vietnam market, offered compelling cost advantages, and had state-of-the-art production facilities, and a very wealthy backer and founder. The electric vehicle (EV) maker also had ext ...
Should You Buy VinFast Auto Stock While It's Below $5?
The Motley Fool· 2024-07-20 22:36
The Vietnamese EV maker's stock has dropped more than 90% from its all-time high. VinFast Auto (VFS -0.22%) briefly became one of the market's hottest electric vehicle stocks when it went public by merging with a special purpose acquisition company (SPAC) last August. The Vietnamese electric vehicle (EV) maker's stock started trading at $22 and skyrocketed to a record high of $82.35 just two weeks later. But today, VinFast's stock trades at less than $5. Like many other SPAC-backed EV makers, it ran of of j ...
VINFAST ANNOUNCES FORMATION OF DEALER ADVISORY BOARD IN THE U.S.
Prnewswire· 2024-07-19 16:13
VinFast VF 8 all-electric SUV Dealership sales and service best practices Warranty program optimization Future product planning and market trends Competitive sales program development Other key business initiatives impacting VinFast Auto's success David Coyle, Dealer Principal of Leith VinFast in Raleigh, North Carolina, commented, "I am honored to be selected for the VinFast Dealer Advisory Board. VinFast is a company with a bold vision for the future of mobility, and I am excited to contribute to their su ...
VinFast Delivers Nearly 21,800 Electric Vehicles in First Half of 2024, Up 92% YoY
Prnewswire· 2024-07-13 01:00
SINGAPORE, July 12, 2024 /PRNewswire/ -- VinFast Auto Ltd. ("VinFast" or the "Company"), a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone, delivered 21,747 electric vehicles in the first half of 2024, a significant 92% increase over the same period in 2023. For the second quarter of 2024, VinFast delivered 12,058 vehicles, representing an increase of 24% quarterover-quarter and an increase of 26% compared to the same period of last year. VinFast VF 8VinF ...
VinFast Auto .(VFS) - 2023 Q4 - Annual Report
2024-04-25 17:25
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F OR ◻ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report: _______________ Commission File Number: 001-41782 (Mark One) ◻ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal ...
VinFast Auto .(VFS) - 2023 Q4 - Annual Report
2024-04-25 10:20
FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Commission File Number: 001-41782 VinFast Auto Ltd. Dinh Vu – Cat Hai Economic Zone Cat Hai Islands, Cat Hai Town, Cat Hai District Hai Phong City, Vietnam (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20- ...
VinFast Auto .(VFS) - 2024 Q1 - Quarterly Report
2024-04-17 10:05
Exhibit 99.1 VinFast Reports Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results Quarterly Revenues reached VND10,417,758 million (US$436.5 million) Quarterly EV Deliveries were 13,513 units Full year Revenues reached VND28,596,221 million (US$1,198.2 million) Full year Vehicle Deliveries were 34,855 units Singapore, February 22, 2024 (PRNewswire) - VinFast Auto Ltd. ("VinFast" or the "Company") (Nasdaq: VFS), a subsidiary of Vingroup JSC, and Vietnam's leading electric automotive manufacturer, ...
VinFast Auto .(VFS) - 2023 Q3 - Quarterly Report
2023-09-21 10:21
Exhibit 99.1 VinFast Reports Unaudited Second Quarter 2023 Financial Results 09/21/2023 Quarterly Revenues reached VND7,952,531 million (US$334.1 million) Quarterly Vehicle Deliveries were 9,535 units Singapore, September 21, 2023 (PRNewswire) - VinFast Auto Ltd. ("VinFast" or the "Company") (Nasdaq: VFS), a subsidiary of Vingroup JSC, and Vietnam's leading electric automotive manufacturer, today announced its unaudited financial results for the quarter ended June 30, 2023. Operating Highlights for the Seco ...