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 shares are trading lower following reports that the company is postponing its $4 billion factory in North Carolina.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:33 pm

VinFast Auto Ltd. (NASDAQ: VFS) shares are trading slightly lower premarket as the company considers postponing its $4 billion factory in North Carolina due to challenges in appealing to American consumers. The factory, initially planned for completion in July 2024, was already delayed to 2025 and may face further delays. VinFast sold fewer than 1,000 cars in North America last year and is currently reviewing all aspects of the construction process.

Portfolio Pulse from Nabaparna Bhattacharya

May 29, 2024 | 10:51 am

The article highlights the worst-performing large-cap stocks for the week of May 19-May 26, 2024. Key reasons for the declines include poor financial results, equity raises, executive resignations, and reduced ownership stakes.

Portfolio Pulse from Lekha Gupta

May 26, 2024 | 3:16 pm

The EV sector saw significant developments this week, including Tesla's production cut in China, Lucid's workforce reduction, Nikola's new truck orders, and Ford's potential easing of EV sales norms for dealers. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 4.88% for the week.

Portfolio Pulse from Shanthi Rexaline

May 25, 2024 | 1:10 pm

VinFast shares are trading lower due to ongoing concerns following reports of a US regulator investigation into a crash involving a VF 8 vehicle.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 5:15 pm

The article highlights significant intraday movements in consumer discretionary stocks on Tuesday. Notable gainers include MGO Global, Barnes & Noble Education, Dogness (Intl), Sacks Parente Golf, Mynd.ai, and Chijet Motor Co. On the losing side, Cheetah Net Supply Chain, a.k.a. Brands Holding, VinFast Auto, Selina Hospitality, Golden Heaven Group Holdings, and Faraday Future saw substantial declines.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 4:31 pm

VinFast Auto Ltd. (NASDAQ: VFS) shares are falling due to a U.S. regulator investigation into a fatal crash involving a VF 8 vehicle, a lawsuit over unpaid rent, alleged patent violations, and a class action lawsuit by shareholders.

Portfolio Pulse from Nabaparna Bhattacharya

May 21, 2024 | 3:24 pm

VinFast shares are trading lower following reports of a US regulator investigation into a crash involving a VF 8 vehicle.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:49 pm

Several major stocks, including Palo Alto Networks, Hesai Group, VinFast Auto, Gaotu Techedu, Polestar Automotive, Bilibili, JD.com, and Li Auto, experienced significant declines in Tuesday's pre-market trading session. Despite beating earnings estimates, Palo Alto Networks saw a sharp drop in its share price.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 9:41 am

The U.S. International Trade Commission (ITC) has initiated a patent investigation requested by ArcelorMittal concerning certain aluminum automotive products. This probe could impact companies involved in the production and distribution of these products.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 7:28 pm

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