VinFast Auto Ltd. reports developments in electric vehicles, e-scooters, e-bikes, and e-buses as a Vietnam-based automotive manufacturer and Nasdaq-listed subsidiary of Vingroup JSC. Recurring news centers on global and Vietnam delivery updates, model-level performance across the VF lineup, Green Series, and Lac Hong brand, and product coverage for vehicles such as the VF 8, VF 9, VF 3, VF 5, VF 6, VF 7, Limo Green, Minio Green, and EC Van.
Company updates also cover manufacturing scale, cost discipline, distribution expansion, charging access, warranty programs, leasing and financing policies, Canadian market positioning, and technology partnerships tied to EV adoption.
VinFast Auto (Nasdaq: VFS) has announced the formation of its Dealer Advisory Board in the United States. The board comprises representatives from VinFast's growing network of 25 dealerships, selected for their customer service commitment and industry expertise. The board held its inaugural meeting on July 17, 2024, in Los Angeles, discussing critical topics such as dealership sales and service best practices, warranty program optimization, future product planning, and competitive sales program development.
David Duncan, Vice President of Sales and Marketing at VinFast Auto, emphasized the board's importance in expanding the company's U.S. market presence. The board includes five members from dealerships across North Carolina, Florida, and Texas, representing a diverse geographical spread. This initiative aims to foster collaboration and enhance VinFast's position in the EV market.
VinFast Auto delivered 21,747 electric vehicles (EVs) in the first half of 2024, a 92% increase compared to the same period in 2023. The second quarter of 2024 saw deliveries rise to 12,058 vehicles, up 24% quarter-over-quarter and 26% year-over-year. Despite economic challenges, VinFast projects delivering around 80,000 EVs in 2024, more than doubling 2023's 34,855 deliveries. The company plans a cautious approach, focusing on key markets and adjusting its North Carolina manufacturing facility's launch to 2028. VinFast aims to leverage its strong domestic market presence, diverse product lineup, and expanding global footprint to drive growth. Financial results for 2Q24 will be released on August 15, 2024.
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