Overall introductory of Vinfast new player in EV
Introducing VinFast Auto: Igniting Excitement in the EV Universe! ππ
Just like the dazzling EV frenzy of 2021, where companies like Rivian and Lucid stole the show, VinFast Auto is making waves with a stock surge that's reminiscent of those exhilarating times. All three titans unleashed their first EVs in the later months of 2021. Yet, what sets VinFast apart is its already firm grip on the global stage, thanks to its powerful presence in the vibrant landscape of Vietnam. π»π³ $VinFast Auto(VFS)$
Making its mark on the trading floors under NASDAQ: VFS, VinFast Auto Ltd. recently danced to a tune of -19.75% at $13.58, painting a current price picture of $82.35 that's as vibrant as a rainbow.
Emerging from the illustrious Vingroup, Vietnam's colossal conglomerate, VinFast started off its journey in 2018 with zippy e-scooters. With each passing year, it revved up its ambition, evolving into a maestro of passenger cars and e-buses. Fast forward to December 2021, VinFast unveils its majestic all-electric SUV in the heart of Vietnam, and by the time November 2022 knocks on the door, the VF 8 SUV is already cruising the roads of North America. πΊπ
Dreaming big and aiming high, VinFast aims to steer the wheels of "smart mobility's future." This grand vision propels it into the electric avenues of the world's most significant EV markets, from the bustling streets of the U.S. to the chic boulevards of Europe. And right at home, in Vietnam, VinFast asserts its dominance, commandeering a remarkable 50% slice of the passenger EV pie in 2022.
For a budding EV star like VinFast, revving up the production engines is a formidable challenge. Buckle up, as we delve into the numbers:
- Annual production capacity: A jaw-dropping 300,000 units ππ₯
- Zooming past milestones, with 182,000 e-scooters delivered by June 30 π΅π
- The engine hums for 105,000 electric and internal combustion engine vehicles delivered by the same date ππ¨
- The EV journey logs 18,700 units delivered by June 30 β‘π
- The electric pulse quickens, with 11,300 EVs zipping out in the first half of 2023 β‘π
- A roaring anticipation, as 26,000 EV reservations stand tall by June 30 πβ‘
Unveiling six sizzling electric SUVs, VinFast's portfolio radiates innovation. From VF 6, VF 7, VF 8 to VF 9, it's a parade of electrifying wonders. While VF e34 and VF 5 hug the streets of Vietnam, the others race to the forefront in the U.S., Canada, and Europe, each adding more flair to VinFast's trailblazing journey. And hold tight, there's more magic brewing in their innovation lab. πππ
July marked a groundbreaking moment as VinFast broke ground in North Carolina for its first-ever EV factory outside of Vietnam. The assembly lines are set to whirl into action by 2025, painting a production capacity of 150,000 units per annum on the canvas of innovation. ππ
VinFast's global reach is a testament to its unwavering ambition. With 245 showrooms, dealers, and workshops for e-scooters, and an additional 122 showrooms dedicated to electric cars, VinFast's network sprawls across the world like a constellation of electric dreams. πβ‘
But let's talk numbers with heart. Behind the scenes, VinFast's orchestra is playing a symphony of growth. Revenue notes resonated to the tune of around $634 million in 2022. Yet, just like the most daring of adventures, profitability is a peak still to be conquered. As of March 31, 2023, the ledger recorded a net loss nearing a staggering $6 billion.
Now, picture this: VinFast's stock surged over 270% within days of its IPO. The driving force? A stunning revelation about the range ratings of their flagship all-electric SUV, VF 9. On that fateful August 21, VinFast proudly announced that the U.S. Environmental Protection Agency's (EPA) range rating for VF 9 Plus reached 291 miles, while VF 9 Eco trim effortlessly breezed through with 330 miles. The stock soared and soared, creating a jubilant crescendo in the market.
As dawn broke on a Friday, VinFast's stock reveled in a staggering 17% surge, painting a picture of exuberance that's as infectious as laughter. This propelled the stock's cumulative gains over a mere five days to an awe-inspiring 240%. With a market cap now soaring past $130 billion, VinFast's stock value eclipses the combined stature of stalwarts Ford Motor Company and General Motors. ππ°π
So here's to VinFast Auto: The trailblazer, the visionary, the driving force behind the electric symphony that resonates across continents. π΅ππ Let's buckle up and enjoy the electrifying ride! πβ‘π @MillionaireTiger @CaptainTiger @CaptainTiger hope this article helps to summarise if it's suitable for investors and know in case if they are chasing they know what to buy
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It amazes me that day Traders believe what they post on these boards. It's just makes me laugh uncontrollably to think that these people have my best interest at heart
VinFast is expected to release new electric vehicles in the near future. This could boost the stock price.
VinFast Auto (VFS) is a Vietnamese automaker that went public on the Nasdaq stock exchange in March 2023.
I think The MACD indicator is also bullish, with the signal line crossing above the MACD line.
These meme stocks are dangerous