Welcome to our dedicated page for VinFast Auto news (Ticker: VFS), a resource for investors and traders seeking the latest updates and insights on VinFast Auto stock.
VinFast Auto (VFS) is a vertically integrated electric vehicle innovator producing premium EVs, e-scooters, and sustainable mobility solutions. This news hub provides investors and industry observers with timely updates on the company’s strategic developments and market positioning.
Track official press releases covering quarterly earnings, new product launches, manufacturing milestones, and global expansion efforts. Our curated collection serves as a comprehensive resource for understanding VinFast’s evolving role in the competitive EV landscape, from its Vietnam headquarters to international markets in North America and Europe.
Discover updates across three core business segments: electric vehicle production, urban e-scooter solutions, and aftermarket support services. Stay informed about technological advancements in battery systems, smart vehicle features, and sustainability initiatives that define the company’s growth trajectory.
Bookmark this page for direct access to VinFast’s latest corporate announcements, partnership disclosures, and operational updates. Check regularly for verified information about this dynamic player in the global transition to electric transportation.
VinFast Auto (Nasdaq: VFS) reported strong Q4 and full-year 2024 results, with significant growth in EV deliveries. Q4 EV deliveries reached 53,139 units (+143% QoQ), while full-year deliveries hit 97,399 units (+192% YoY). Total revenue for 2024 was US$1.81 billion, up 57.9% from 2023.
However, the company recorded a gross loss of US$1.04 billion and a net loss of US$3.18 billion for 2024. The Q4 gross margin was impacted by a one-time US$242.5 million charge related to a free charging program. To support expansion, founder Pham Nhat Vuong provided US$410.9 million in non-refundable grants, part of a larger US$2.1 billion commitment.
VinFast is expanding globally with dealer networks in Indonesia (22 stores), Philippines (6 stores), and US (38 dealers in 16 states). The company plans to transition to a full dealer franchise model in the US. For 2025, VinFast targets to at least double its global vehicle deliveries while focusing on operational optimization and market presence expansion.
VinFast (VFS) is demonstrating that EV success requires more than just vehicle manufacturing - it demands a comprehensive ownership ecosystem. The company has implemented an extensive charging infrastructure in Vietnam, placing stations every 3.5 kilometers in cities and 65 kilometers on highways, surpassing U.S. government guidelines of 80 kilometers.
As Vietnam's leading EV brand in 2024, VinFast is expanding internationally. In Indonesia, through V-GREEN partnership, they plan to install 30,000 chargers by 2025, with an additional 100,000 through external collaborations. In Canada, they offer competitive leases, a 10-year/100,000 km warranty, and have integrated their app with 95% of North American public charging stations.
The company offers a buyback program covering up to 90% of original vehicle price. Backed by Vingroup, Vietnam's largest private conglomerate, VinFast prioritizes ecosystem development over immediate profits, addressing key consumer concerns like range anxiety and service reliability.
VinFast is positioning its VF 9 electric SUV in the Canadian market with a focus on after-sales service and luxury features. The vehicle comes with an industry-leading 10-year/200,000-kilometre warranty and unlimited-kilometre battery warranty.
The VF 9 offers access to over 90,000 charging stations across North America through its e-mobility app, featuring Plug & Charge capabilities at select locations. The SUV boasts three-row seating, a 15.6-inch touchscreen, and comprehensive ADAS features including adaptive cruise control and lane-keeping assist.
Performance specifications include dual electric motors generating 402 horsepower and an estimated range of 531 kilometres per charge. The vehicle combines premium features with competitive pricing, targeting Canadian consumers seeking reliability, convenience, and luxury in an electric SUV.
VinFast has announced its participation in the 2025 Canadian International Auto Show (CIAS) from February 14-23, 2025, at the Metro Toronto Convention Centre. The company will showcase its electric vehicle lineup, including the currently available VF 8 and VF 9 models, along with upcoming VF 6 and VF 7 models set for 2025 release.
The VF 8, priced from CAD $56,026, offers a 412 km range, while the VF 9, starting at CAD $77,321, provides a 531 km range. Both vehicles come with VinFast's industry-leading 10-year, 200,000 km warranty. Visitors can explore the vehicles' features and take test drives of the VF 8 on Canada's largest indoor electric vehicle test track at the show.
The exhibition will be located in the North Building, Level 300, featuring interactive experiences including vehicle exploration, test drives, and a Vietnamese coffee experience with product experts available for questions.
VinFast reported strong Q3 2024 results with vehicle deliveries of 21,912 units, up 115% year-over-year. Revenue reached $511.6 million, increasing 49.3% YoY. The company became Vietnam's top-selling automotive brand for September, October, and the first ten months of 2024. Gross loss decreased 45.6% QoQ to $122.8 million, with gross margin improving to -24.0%. Net loss reduced by 29.4% QoQ to $550.0 million. The company secured potential funding of $3.5 billion through loans from Vingroup and grants from its Founder through 2026. VinFast maintains its 80,000-vehicle delivery target for 2024.
VinFast has launched a charitable initiative in partnership with Food Banks Canada, running from November 18 through December 31, 2024. For every test drive of a VinFast EV, the company will donate 100 meals to people in need, equivalent to a $50 CAD donation to local food banks. With a target of 1,000 test drives nationwide, the initiative aims to provide up to 100,000 meals for Canadians in need.
The campaign encourages participants to bring friends, as each additional test drive will contribute another 100 meals. VinFast's HQ staff will also volunteer during the holiday season to help transport donations and assist local food banks. The initiative will be promoted through a multi-channel campaign across social media platforms, digital ads, and in-store promotions in both English and French.
VinFast Auto has started delivering its VF 9 all-electric SUV to U.S. customers, with prices starting at $69,800 for the Eco version and $73,800 for the Plus version. The 7-passenger, 3-row vehicle offers an EPA-estimated range of 330 miles (Eco) and 291 miles (Plus). A -time promotion offers the Plus version at $529/month lease with $2,000 down payment for the first 100 vehicles. The VF 9 features advanced driver assistance, 11 airbags, and a 15.6-inch touchscreen. It comes with a 10-year/125,000-mile warranty and is supported by 15 stores and 4 service centers in California, plus 36 dealerships across 15 states.
VinFast Auto has launched deliveries of its VF 9 all-electric SUV in Canada, starting at $77,321 for the Eco trim and $81,321 for the Plus trim. The VF 9 is a 7-passenger, 3-row dual motor all-wheel drive vehicle featuring dimensions of 201.5 inches length, 78.9 inches width, and 66.7 inches height. The SUV offers an EPA-estimated range of 518 kilometers for the Eco model and 462 kilometers for the Plus model. Notable features include 11 airbags, a 15.6-inch touchscreen, and an industry-leading 10-year/200,000-kilometer warranty. VinFast's Canadian network includes 10 showrooms and 57 certified collision centers.
VinFast and the Durango Drivers' Union in Mexico signed an MOU for potential purchase of 3,000 VF 5 electric cars and 300 electric buses for public transport in Durango City. The agreement includes collaboration with V-Green to develop charging infrastructure. The initiative aims to replace current gasoline-powered fleet, reduce CO2 emissions, and create new jobs through charging system operations. The partnership highlights VinFast's expanding global presence, following its achievement as the top-selling EV brand in Vietnam and its expansion into multiple international markets including the US, Canada, and European countries.
VinFast Auto has officially launched in the Middle East market with its first dealership opening in Dubai, UAE, in partnership with Al Tayer Motors. The 1,000-square-meter store showcases the VF 6, VF 7, VF 8, and VF 9 models. The company plans to expand to Saudi Arabia, Qatar, Kuwait, and Bahrain later this year. The VF 8 model will be priced from $47,500 for Eco trim and $51,500 for Plus trim. VinFast has signed partnerships with Al Tayer Motors (UAE), Al Mana Holdings (Qatar), and Bahwan Automobiles & Trading (Oman), and recently partnered with Charge&Go for charging infrastructure in UAE.
