VinFast

Vietnamese EV automaker VinFast has just secured more funding to continue its operations. VinFast has been offered a loan for billions more from its parent company, Vingroup, including a $2.1 billion “sponsorship” from the Group’s chairman, Pham Nhat Vuong. All this is to achieve a break-even point and cash flow balance by the end of 2026.

A new low-cost electric car is rolling out to global markets, and it’s not from China. Vietnam’s VinFast officially launched its most affordable EV, the VF 3, overseas as it expands its presence in the Philippines.

The all-new 2024 VinFast VF 9 lease just debuted with an attention-grabbing deal, including incentives worth up to $14,550 off MSRP.

VinFast (VFS) announced it has officially begun shipping its new mini electric SUV, the VinFast VF 3. Starting under $13,000, the new VF 3 generated strong buzz, with VinFast calling it a “social media phenomenon” ahead of shipments.

In under 66 hours after launching its new low-cost electric SUV, VinFast’s VF 3 racked up nearly 30,000 pre-orders. Starting under $10,000 (235 million VND), the VinFast VF 3 is already creating a buzz. Following the special price promo, the VF 3 will cost around $20,000.

Vietnamese EV automaker VinFast has announced it will be the world’s first automaker to offer its drivers access to Sony’s new RIDEVU in-car streaming service. VF 8 customers in the US will gain access to Sony’s library of over 2,000 movies with the opportunity to rent and purchase premium content.

VinFast Auto (Nasdaq: VFS) today announced that it’s officially signed agreements with 12 new car dealers in the US. 

VinFast, the Vietnamese automaker known for its portfolio of electric vehicles, has officially introduced its VF DrgnFly electric bike to the U.S. market. It’s a move that the company says further solidifies its presence in the global push toward sustainable mobility.

VinFast’s founder has announced a new arm called V-Green to build EV chargers, focused on bolstering global access while prioritizing sessions for VinFast drivers, accelerating the Vietnamese automaker’s expansion into new markets.

Following recent Q4 2023 results that relayed a miss on annual delivery targets, Vietnamese EV automaker VinFast continues to bolster its global presence with the help of distribution specialists. Today, VinFast and a local dealer network in the Middle East signed an agreement to bring the former’s EVs to the region.

After giving the public a glimpse of its Q4 2023 delivery targets last month, VinFast shared its full financial results for the previous quarter and year-over-year comparisons. Revenues are up, but the Vietnamese automaker will have to truly ramp up if it wants to reach its newly proposed delivery targets for 2024.

Following an agreement signed in January to bring its EVs to India, VinFast announced it is set to break ground on a new facility in Tamul Nadil as part of a $500 million commitment to erect phase one in the country.

Vietnamese EV maker VinFast (VFS) saw deliveries pick up in the fourth quarter, but not enough to top its goal of handing over 40,000 to 50,000 vehicles in 2023.

Vietnamese EV automaker VinFast set the tone at the Las Vegas Convention Center this morning, detailing the first product announcement of day one in the West Hall. In addition to officially launching its line of Drgn Fly E-Bikes, VinFast shared plans to sell its ultra-compact VF 3 globally, and pulled the sheet off a pickup truck concept called the VF Wild.

Vietnamese EV maker VinFast has announced a new CEO at the helm, and an aggressive new strategy to expand globally while gaining a foothold in the US. In addition to announcing plans for a $2 billion in factory in India, it just announced a fresh crop of dealership openings in the US, with plans to expand the network to 125 points of sale across the country.

Vietnamese EV maker VinFast has announced that it will open doors to its first dealership in the US in the same state where it is building its $4 billion EV factory. The automaker is partnering with North Carolina’s Leith Automotive Group to start selling its fully electric cars in the state.

Vietnamese automaker VinFast has officially launched its VF 7 EV in its native country, rounding out a lineup of six initial SUVs covering the A to E vehicle segments. While the initial launch begins in Vietnam, the VF 7 should eventually make its way to the US, and it’s starting at a rather enticing price point.

Vietnamese EV maker VinFast (VFS) may launch the cheapest EV in the US soon. VinFast showed off its VF 3 electric car to US dealers, which could launch at under $20,000.

EV maker VinFast (VFS) just gained an edge. Vingroup Chairman and Vietnam’s richest person, Mr. Pham Nhat Vuong, announced Wednesday he would donate 99.8% of EV battery company VinES to VinFast.

Vietnamese EV maker VinFast (VFS) reported rising Q3 revenue, EV deliveries, and vehicle sales on Thursday. However, most of the growth is due to sales to a related company.

Vietnamese EV maker VinFast (VFS) released its Q2 earnings Thursday, its first report since going public, showing 303% revenue growth from the first quarter.