VinFast Auto (VFS) Stock News

VinFast's VF 8 electric SUV is demonstrating its reliability and practicality for family use through real-world experiences. The article highlights two significant journeys: Michael's 5,000-km round trip from Montreal to Orlando and Jean-Philippe's 2,800-km Gaspésie adventure with a trailer. The VF 8, featuring dual-motor all-wheel-drive with up to 412 kilometers range, proved capable in various conditions. Notable features include spacious rear seats, advanced driver assistance, and superior comfort with quiet cabin operation. VinFast offers an industry-leading warranty of 10 years/200,000 kilometers, with unlimited battery warranty under normal usage. The vehicle's performance during challenging situations, including towing capabilities and long-distance travel, showcases its evolution from an experimental technology to a trusted family vehicle.

VinFast highlights how EVs are becoming financially advantageous for cost-conscious Canadian families amid rising living costs. Research shows EVs can save Canadian drivers approximately $3,000 annually, totaling $30,000 over ten years. A Vincentric study found 95% of EVs cost less to own over five years than gas vehicles. VinFast positions itself with a '3 Good' strategy focusing on premium cars, affordable prices, and excellent aftersales policies. Their VF 8 SUV comes with a 10-year/200,000 km warranty and unlimited battery warranty. With 85% of Canadians living paycheck to paycheck and grocery costs up 3.8% YoY, VinFast emphasizes EVs' long-term cost benefits through lower fuel costs and reduced maintenance needs, making them an attractive option for budget-conscious families.

In 2025, Canadian EV buyers face a shifting incentive landscape as the federal iZEV Program ends while some provincial rebates persist. Quebec continues to offer up to CAD$4,000 in EV rebates, creating an attractive opportunity for vehicles like the VinFast VF 8. According to AutoTrader research, 68% of potential EV buyers consider government incentives in their purchase decisions, while 42% of Canadians are considering an EV for their next purchase. The VF 8 crossover offers 349-402 hp, all-wheel drive, and a range of 380-412 kilometers. Notable features include fast-charging capability (10% to 70% in 31 minutes), comprehensive safety features, and an extensive 10-year/200,000-kilometer warranty. While EVs typically cost 15-20% more than gas vehicles upfront, provincial incentives help bridge this gap, particularly in Quebec where the VF 8 qualifies for the full rebate.

The VinFast VF 8 represents a new era in electric vehicles where consumers demand no-compromise solutions. The electric SUV offers up to 412 km range and features dual-motor all-wheel-drive system. It comes with a 15.6-inch touchscreen, over-the-air updates, and the VinFast C-App for remote vehicle monitoring and access to 95% of North American charging stations. Canadian customers receive a 10-year/200,000 km warranty. The launch comes amid challenging market conditions, with EV interest declining in Canada for three consecutive years, where 78% of consumers cite range concerns and a 15-20% price premium over conventional vehicles as major barriers to adoption. The VF 8 aims to address these concerns by balancing performance, technology, design, comfort, and value.

VinFast has announced its return to the Montreal Electric Vehicle Show (MEVS) 2025, scheduled for May 2-4, 2025, at booth #364, IGA Stadium. The company will showcase its complete electric SUV lineup, including the subcompact VF 6, compact VF 7, midsize VF 8, and full-size VF 9.

Visitors will have the opportunity to test drive the flagship models VF 8 and VF 9. The VF 8 features dual electric motors producing 402 horsepower, 620 Nm torque, and an EPA range of up to 412 km. The VF 9, a luxury SUV, offers 402 horsepower, an EPA range of up to 531 km, and flexible 6- or 7-seat configurations.

Beyond North America, VinFast is expanding into Indonesia, the Philippines, India, and the Middle East, with new EV plants under development in Indonesia and India. The company has already established market leadership in Vietnam.

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.