VinFast Auto - VFS STOCK NEWS

VinFast highlights four scenic EV road trips in Canada, showcasing the country's growing EV adoption and charging infrastructure. The routes include:

1. British Columbia's Sea-to-Sky Highway: A 120 km journey from Vancouver to Whistler.

2. Alberta's Icefields Parkway: Winding through Banff and Jasper National Parks.

3. Quebec's Charlevoix Route: A UNESCO Biosphere Reserve with over 50 charging stations.

4. Nova Scotia's Cabot Trail: A 300 km loop around Cape Breton Island.

The press release emphasizes the VinFast VF 8's suitability for these trips, highlighting its up to 425 km range and features like the VinFast Trip Planner app. It also notes Canada's 57% increase in EV registrations in early 2024, indicating growing interest in sustainable travel.

VinFast Canada announced its participation in the 2024 Everything Electric EV Show in Vancouver, September 6-8. The company will showcase four electric vehicle models: VF 6, VF 7, VF 8, and VF 9, at Booth E100 in the Vancouver Convention Centre. Visitors can explore these models and sign up for test drives of the VF 8 and VF 9.

The event, organized by Fully Charged SHOW, focuses on promoting EVs, renewable energy, and sustainable tech. VinFast's presence underscores its commitment to the electric mobility sector and bringing EV ecosystems to global consumers. The company's Deputy CEO highlighted the strong interest in EVs in British Columbia and the success of VinFast's three showrooms in the Lower Mainland.

VinFast's models feature modern designs by Torino Design and Pininfarina, catering to various customer segments. In Canada, the VF 8 and VF 9 are priced at $56,026 CAD and $77,321 CAD respectively, including freight and PDI, with a 10-year or 200,000 km warranty.

VinFast Canada has announced its return as the Presenting Sponsor and Official Electric Vehicle of the Canadian National Exhibition (CNE) 2024, taking place from August 16 to September 2nd. The company will showcase and offer test drives for its VF 8 and VF 9 electric SUVs. VinFast is holding a 'Drive to Win' contest with a two-year lease of a VF 8 Eco Edition as the prize, valued at $35,000 CAD. The contest runs from August 16 to September 16th, 2024, for residents of Ontario, British Columbia, and Quebec. VinFast's Deputy CEO of Sales and Marketing, Robert Muller, noted that demand for the VF 8 in Canada has exceeded expectations. The VF 8 and VF 9 are priced at $56,020 CAD and $77,310 CAD respectively, with a 10-year or 200,000-kilometer warranty.

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.

VinFast Auto (Nasdaq: VFS) will showcase its electric vehicle models, VF 8 and VF 9, at the Montreal Electric Vehicle Show 2024. The VF 8 features dual electric motors, 349 horsepower, and an EPA range of up to 425 km. The VF 9 is a full-size luxury SUV with 402 horsepower and an EPA range of up to 531 km. VinFast aims to promote green transportation and expand its presence globally.

VinFast Auto (Nasdaq: VFS) will showcase its electric vehicles at the Vancouver International Auto Show 2024, featuring models like the VF 6, VF 7, VF 8, and VF 9. The company aims to highlight its commitment to green mobility and premium design, catering to diverse customer segments.

VinFast Auto Ltd. (VFS) announces strong financial results for Q4 2023 and FY 2023 with revenue growth, increased profit margins, and plans for global expansion. The company targets 100,000 vehicle deliveries in FY 2024, focusing on cost optimization and market penetration in untapped regions like Indonesia and India.

VinFast Auto (Nasdaq: VFS) has announced its participation in the National Automobile Dealers Association Show 2024 (NADA), aiming to expand its cooperation opportunities in car dealership within the US market. The company will display two e-SUV models and an electric bike at the event, affirming its vision to bring high-quality electric vehicles to US customers. VinFast has already signed agreements with six dealers in five states, with plans to start selling the VF 8 model and offer an excellent aftersales policy.