Streetbeat News

VFS

VinFast Auto Ltd.

Industry

Auto - Manufacturers

VinFast Auto Ltd., an automotive manufacturer, engages in Automobiles and E-scooter related business in Vietnam and the United States. The company operates through Automobiles, E-scooter, Spare Parts, and Aftermarket Services segments. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses. The E-scooter segment provides design, development, manufacturing, and sales of e-scooters. The Spare Parts, and Aftermarket Services segment engages in sale of spare parts and aftermarket services for automobiles and e-scooters. VinFast Auto Ltd. is based in Hai Phong City, Vietnam. The company operates as a subsidiary of Vingroup Joint Stock Company.

Open

3.12

Mkt cap

7.7B

Volume

370K

High

3.28

P/E Ratio

-3.22

52-wk high

6.42

Low

3.07

Div yield

N/A

52-wk low

2.25

VinFast Auto has launched the VF 3 electric vehicle in the Philippines, offering early customers incentives such as special pricing and exclusive customization options. Pre-orders are open from September 19 to 30.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 9:02 am

The EV market saw significant developments this week. Tesla's sales in China are recovering, Lucid unveiled a midrange EV, Ford plans to restart EV production in India, Canoo withdrew its guidance, and VinFast is under regulatory scrutiny. The KraneShares EV ETF gained 4.47% for the week.

Portfolio Pulse from Shanthi Rexaline

September 14, 2024 | 4:00 pm

The National Highway Traffic Safety Administration (NHTSA) has initiated a preliminary evaluation into VinFast Auto Ltd.'s VF8 vehicles due to complaints about the Lane Keep Assist system. The system reportedly activates in error, struggles to detect lanes, and provides improper steering inputs, potentially increasing crash risks. The investigation will determine if a safety issue exists in the 2023-2024 VF8 models.

Portfolio Pulse from Anan Ashraf

September 12, 2024 | 10:55 am

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on VinFast Auto (NASDAQ:VFS) and maintained a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:09 pm

The article highlights unusual options activity in the Consumer Discretionary sector, focusing on large trades by 'whales' in companies like TSLA, AMZN, BABA, PDD, RIVN, VFS, H, ETSY, ANF, and TXRH. These trades indicate varying market sentiments, with some bullish and others bearish.

Portfolio Pulse from Benzinga Insights

September 06, 2024 | 5:35 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on VinFast Auto (NASDAQ:VFS) and maintained a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 5:04 pm

The EV sector saw mixed results this week with Tesla extending its zero-interest financing in China, Rivian facing a fire incident, and XPeng surging due to strong demand for its new model. Lucid is working on affordable EVs, and BYD plans to expand internationally.

Portfolio Pulse from Shanthi Rexaline

August 31, 2024 | 1:33 pm

The EV sector saw mixed developments this week. Tesla received a tariff cut in Europe but lost its BEV crown to BMW. Lucid claimed tech leadership over Tesla, while Ford scaled back its EV plans. Workhorse reported poor earnings, and Canoo faced executive departures. The KraneShares EV ETF rose 3.44% for the week.

Portfolio Pulse from Shanthi Rexaline

August 24, 2024 | 2:00 pm

The article discusses the latest developments in the electric vehicle (EV) sector, highlighting Tesla's market share erosion, Lucid's technological advancements, Rivian's production halt, and recalls by Ford and GM. It also mentions Canoo's financial performance and the performance of various EV stocks over the week.

Portfolio Pulse from Shanthi Rexaline

August 17, 2024 | 12:30 pm

The EV market experienced a turbulent week with significant developments. Tesla launched its Cybertruck in Canada and reported strong sales in China, but faced criticism from Sen. Elizabeth Warren. Rivian and Nikola exceeded Q2 expectations, while Lucid received a $1.5 billion cash infusion from its largest shareholder. Canoo faced a lawsuit, and Huawei entered the EV market. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 2.58% for the week.

Portfolio Pulse from Shanthi Rexaline

August 10, 2024 | 1:30 pm

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