VinFast Auto NASDAQ:VFS Trading 10 4% Higher Here’s What Happened

While NHTSA hasn’t yet rated the safety of the 2023 VF8, it has recorded two recalls and over a dozen complaints, which certainly doesn’t help. VinFast launched three electric SUVs in 2021, announcing it would be shifting to an all-electric lineup going forward. The compact VF e34 was created for the Vietnamese market, but the larger VF8 and VF9 were built for a global audience. In 2022, VinFast opened showrooms in North America and Europe, just in time for global deliveries of the VF8 and VF9 in 2023. In January of 2024, it announced that the subcompact VF3 SUV would be coming to the US as well, though the timeline of its arrival on American streets is still unclear.

Here’s a quick story behind VinFast and how the company has climbed up the ranks through the years. The VF 9 is VinFast’s flagship full-size SUV, designed to accommodate larger families and those seeking ample space without compromising on luxury and performance. Work with our award-winning creative services studio and advertising agency to bring your brand or product story to life. Thanks to a wildly fluctuating stock price, you may have seen the name VinFast in the news lately.

Because of this, the VF8 was in dire need of stellar reviews from industry experts. Currently, the only VinFast model available in America is the VF8 compact SUV, which is in the same ballpark, size-wise, as the Ford Mustang Mach-E, Kia EV6, and Hyundai IONIQ 5. The VF9, a larger midsize SUV with three rows of seating, is due to arrive next, and VinFast is currently taking reservations. On the brand’s American website, the company rounds out its lineup with the compact VF7 and subcompact VF6, though for now, you can only “stay updated” on these models since it is not yet taking reservations. Automotive Logistics is the leading resource for automotive logistics and supply chain professionals globally.

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Tech-wise, the VF 8 checks the right boxes, offering advanced driver-assistance systems and seamless smartphone integration. The technology feels solid, intuitive, and user-friendly enough to genuinely enhance the driving experience rather than distract from it. As America’s love for SUVs grows stronger, the mid-sized VinFast VF 8 stands out with its blend of spacious design, modern tech, and eco-friendly performance, aligning with the nation’s evolving driving preferences. Pham Nhat Vuong has an estimated net worth of $55.9 billion, making him the richest person in Vietnam and the 23rd richest in the world.

VinFast is making waves in the Canadian automotive market, offering a fresh take on electric mobility with its innovative EV lineup. As more drivers transition to electric vehicles, VinFast aims to provide cutting-edge technology, competitive pricing, and an extensive warranty, making EV ownership more accessible than ever. The company launched its Lux A2.0 sedan and Lux SA2.0 SUV (both based on discontinued BMW models) at the 2018 Paris Motor Show, already looking questrade forex toward a global market but not yet making fully electric models. Both of the Lux vehicles were powered by traditional gas engines alone. The company’s first all-electric models weren’t cars at all but a family of e-scooters that were first sold in Vietnam in 2019.

VinFast’s rapid emergence in the Canadian automotive landscape underscores its dedication to providing high-quality, reliable, and accessible electric vehicles. With a diverse lineup that includes the VF 8 and VF 9, and upcoming models like the VF 6 and VF 7, VinFast is poised to meet the evolving needs of Canadian consumers. The company’s focus on customer satisfaction is evident through its comprehensive warranty, flexible financing options, and commitment to expanding the EV charging infrastructure. VinFast’s logistics evolution extends beyond aftersales services into its core shipping strategies.

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VinFast provides attractive leasing options to make the transition to electric vehicles more accessible. For instance, as of 2025, the VF 8 Eco is available for leasing from $105 weekly at 1.99% for 60 months down payment, subject to approved credit (OAC). Additionally, VinFast drives community support through initiatives such as their bank initiative test drive program, encouraging more Canadians to experience electric driving.

If you’re considering an EV, visit a dealership to select your nearest province and schedule a test drive. Ro-ro shipping offers a simplified and more flexible method for transporting vehicles with its inherent advantages, such as reduced handling times and lower risk of cargo damage. Automotive Logistics has highlighted how a resurgence in ro-ro services is gaining momentum across the industry as shipping lines adjust capacities and explore innovative service routes. For example, coverage on the roro capacity crunch explains that as traditional roro vessels fall short of meeting rising demand, OEMs are increasingly opting for containerised shipments. In response, logistics providers and shipping lines are enhancing vessel loading strategies and route planning to better manage these capacity constraints.

• The company will have to work quickly to turn things around before the bad first impression becomes a bad reputation, but it has proven in the past that it can indeed work quickly.
• Vingroup has a sizable history in Vietnam, focusing on technology, real estate development, retail, and services ranging from healthcare to hospitality.
• Financing options include 60 months down payment OAC or leasing plans with flexible terms, making EV ownership more accessible.

The VF 8’s electric motor can generate up to 402 horsepower, depending on the trim. That translates to smooth acceleration, making highway merges and passing maneuvers feel effortless. With a range of up to 256 miles per charge, the VF 8 is plenty capable for typical daily drives, although longer trips might still require some careful planning. But considering that the average American only drives around 40 miles a day3, frequent charging shouldn’t become much of a concern. By 2018, just a year after its inception, VinFast debuted its first internal combustion engine (ICE) vehicles – the Lux A2.0 sedan, Lux SA2.0 SUV, and the Fadil hatchback – at the prestigious Paris Motor Show.

• VinFast provides attractive leasing options to make the transition to electric vehicles more accessible.
• The company is also the title sponsor of the IRONMAN World Championship.
• Despite being relatively new to the market, this strong valuation reflected investor confidence in its potential as a major EV manufacturer — here are all the details about VinFast’s valuation.
• Interestingly enough, VinFast outsourced the design for the vehicles to several design houses from Italy.
• The reluctance of ro-ro service providers to call at northern Vietnamese ports forced a temporary shift toward container-based shipping methods.

Electric Car

But whereas a Tesla’s performance, range, and X-factor are all superlative enough to outweigh its few weak spots, the VF 8 doesn’t get enough right to offset its shortcomings. It’s a below-average EV in a segment full of talent, and we’d wait until VinFast has had more time to refine it before taking the plunge. To provide potential customers with firsthand experience of their electric vehicles, VinFast offers opportunities to test drive a VinFast at official dealerships across Canada. This initiative allows consumers to explore the vehicles’ features, performance, and comfort before making a purchase decision.

Internal combustion engine vehicles

Add to this 1 million scooters, and you have yourself a formidable car company with the capacity to meet the demand of a huge market. Apart from the small city car, VinFast will produce an electric vehicle as well. The future is famously hard to predict, and the news about VinFast is such a mixed bag that things get even more complicated. The brand is owned and forex trading vs stock trading operated by a company with plenty of money to spend on getting things right and big ambitions globally.

The UAE’s emphasis on sustainability, driven by initiatives like the UAE Net Zero by 2050 strategy, aligns perfectly with VinFast’s mission to promote clean transportation. With the VF 8 already launched in the UAE, VinFast is planning to introduce the VF 9 by mid-2025. Mary Roeloffs is a Forbes reporter who covers breaking news with a frequent focus on the entertainment industry, streaming, sports news, publishing, pop culture and climate change. She’s covered Netflix’s hottest documentaries, allegations against Sean “Diddy” Combs, the most popular books of the year and how climate change stands to impact the way we eat.

Available in two trims—Eco and Plus—the VF 8 caters to a wide range of consumer preferences. This pushed its market cap higher than every automaker globally except Tesla and Toyota. It has since plummeted below $20, about where it was before the rally started. In the ASEAN context, the ability to swiftly adapt to market demands while maintaining cost-effective operations could position VinFast as a leader in both production and distribution. In Europe, where the market is mature and competitive, the company’s investments in logistics hubs and sustainable practices could offer a significant competitive metatrader 5 mac edge. The various driver-assistance technologies were also too sensitive, chiming incessantly whenever they sensed the car was approaching a hazard or if you reached the speed limit.

Thus, VinFast launched the first ever consumer electric vehicle to be produced in Vietnam while launching the VF 8 and VF 9 for the global market in Europe and North America. With the continuing focus on EVs, VinFast focused entirely on electric vehicles from 2023, ending its gas-powered car production at the end of 2022. VinFast’s logistics transformation is a microcosm of broader trends reshaping the global automotive landscape. The company’s commitment to 24-hour parts delivery in Europe, its strategic return to ro-ro shipping and its focus on sustainability are all reflective of a deeper strategic shift. With a focus on European market penetration and an emphasis on customer-centric service, VinFast shares with Automotive Logistics how it is investing in robust service parts delivery networks and retooling its shipping methods. Reuters reported VinFast sold only 7,400 cars last year—all in Vietnam—but has projected sales between 40,000 and 50,000 cars this year as it expands beyond the country’s borders.

Recognising these inefficiencies, VinFast undertook a strategic recalibration by returning to its traditional ro-ro shipping model. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. The 999 City Editions will be replaced by the standard models with the bigger battery, and they cost $49,000 for the Eco and $56,000 for the Plus. Initially, the price of the new VinFast VF 8 will only be applicable to Californians as the vehicle is only available there – for now.

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In case you wondered just what it is — and whether Dom Toretto is involved — here’s everything you need to know. By contrast, VinFast is a brand-new name that we wouldn’t blame you for not recognizing. Maybe you even clicked on this article because you were confused when you saw the name “VinFast” and wanted to learn more. If so, you’ve come to the right place because we’re going to start from the basics and tell you everything you need to know about this Vietnamese Automaker.

However, beware of scams—always visit official VinFast dealers to ensure an authentic experience. Recognizing the importance of a robust charging network, VinFast is actively contributing to the expansion of EV charging stations across Canada. This effort ensures that VinFast owners have access to vast EV charging options, facilitating long-distance travel and daily commutes alike. It operates in things like the scooter business, buses, medical clinics, tourism, real estate and even education. The company is currently evaluated at $3 billion in the US stock market.