Prediction: This EV Stock Will Be the Best Performer in 2025
Electric vehicles (EVs) were supposed to be the next big thing, but sales have been disappointing. Yet, Wall Street still has big expectations, especially for Nikola.
Headquartered in Dinh Vu ? Cat Hai Economic Zone, Hai Phong Fiscal year ends December NASDAQ: VFS vinfastauto.us
VinFast Auto Ltd. (Nasdaq: VFS) is a Vietnamese electric vehicle company and subsidiary of Vingroup JSC. The company designs, manufactures, and sells electric SUVs spanning mini through E-segments, as well as e-scooters, e-bikes, and e-buses. VinFast's primary market is Vietnam, where it holds the #1 OEM position, with expanding operations in Southeast Asia (Indonesia, Philippines), India, the Middle East, North America, and Europe. The company operates manufacturing facilities in Vietnam, India, and Indonesia, and distributes through a network of 447 showrooms globally (including both company-owned and dealer locations). VinFast sells vehicles under the VF, Green, and Lac Hong brands, as well as EC Van commercial vehicles. The company is transitioning toward an asset-light model in Vietnam by divesting its domestic manufacturing subsidiary while retaining R&D, intellectual property, brand management, and global sales operations. VinFast remains in a growth stage with significant operating losses, funded substantially through borrowings from parent Vingroup and personal grants from founder and CEO Pham Nhat Vuong. The company is also developing Level 4 autonomous driving capabilities in partnership with NVIDIA and Autobrains, and has a framework agreement with affiliate GSM for large-scale EV and e-scooter supply to support ride-hailing and mobility services across emerging markets. Updated
Electric vehicles (EVs) were supposed to be the next big thing, but sales have been disappointing. Yet, Wall Street still has big expectations, especially for Nikola.
Americans will buy more than one million electric vehicles this year. Prices for battery-powered SUVs, trucks, and sedans has declined nearly 22%, to $51,000, according to Cox Automotive. U.S. EV sales topped…
A Vietnam-based EV maker roared out of the gate after its IPO, and OpenAI's ChatGPT is not very smart when it comes to simple math.
VinFast Auto Ltd. (Nasdaq: VFS) is a Vietnamese electric vehicle company and subsidiary of Vingroup JSC. The company designs, manufactures, and sells electric SUVs spanning mini through E-segments, as well as e-scooters, e-bikes, and e-buses.
The Wall Street consensus 12-month price target for VFS is $6.07. VFS price prediction →