VinFast Auto Ltd

NASDAQ:VFSUnited States

Nov 26, 2024

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• DJ VinFast Stock Is Rising. The EV Maker Marked a Milestone. -- Barrons.com, from 10:16AM ET on Tuesday Nov 26, 2024 by Dow Jones

  10:16AM ET on Tuesday Nov 26, 2024 by Dow Jones
  Companies Mentioned: NIO, VFS, RIVN
  
  Al Root
  
  Shares of Vietnamese electric-vehicle maker VinFast Auto rose in early trading after the company reported better-than-expected third-quarter numbers.
  
  Tuesday morning, VinFast reported a net loss of $550 million on sales of $512 million. Wall Street was looking for a loss of $644 million on sales of $477 million, according to FactSet.
  

• *DJ VinFast Auto 3Q Rev $511.6M >VFS, from 10:02AM ET on Tuesday Nov 26, 2024 by Dow Jones

  10:02AM ET on Tuesday Nov 26, 2024 by Dow Jones
  Companies Mentioned: VFS

• VinFast Reports Unaudited Third Quarter 2024 Financial Results, from 10:01AM ET on Tuesday Nov 26, 2024 by Dow Jones

  10:01AM ET on Tuesday Nov 26, 2024 by Dow Jones
  Companies Mentioned: VFS
  
  Forward-looking statements contained herein, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1955. These statements include statements regarding our future results of operations and financial position, planned products and services, business strategy and plans, objectives of management for future operations of VinFast, market size and growth opportunities, competitive position and technological and market trends and involve known and unknown risks that are difficult to predict. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "shall," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates, " "predicts," "potential," "goal," "objective," "seeks," or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the risk that the Company's securities may experience a material price decline and volatility in the price of such securities due to a variety of factors, (ii) the adverse impact of any legal proceedings and regulatory inquiries and investigations on the Company's business, (iii) risks associated with the Company's limited operating history, (iv) the ability of the Company to achieve profitability, positive cash flows from operating activities, and a net working capital surplus, (v) the ability of the Company to fund its capital requirements through additional debt and equity financing under commercially reasonable terms and the risk of shareholding dilution as a result of additional capital raising, if applicable, (vi) risks associated with being a new entrant in the EV industry, (vii) the risks of the Company's brand, reputation, public credibility, and consumer confidence in its business being harmed by negative publicity, (viii) the Company's ability to successfully introduce and market new products and services, (ix) competition in the automotive industry, (x) the Company's ability to adequately control the costs associated with its operations, (xi) the ability of the Company to obtain components and raw materials according to schedule at acceptable prices, quality, and volumes acceptable from its suppliers, (xii) the Company's ability to maintain relationships with existing suppliers who are critical and necessary to the output and production of its vehicles and to create relationships with new suppliers, (xiii) the Company's ability to establish manufacturing facilities outside of Vietnam and expand capacity in a timely manner and within budget, (xiv) the risk that the Company's actual vehicle sales and revenue could differ materially from expected levels based on the number of reservations received, (xv) the demand for, and consumers' willingness to adopt, EVs, (xvi) the availability and accessibility of EV charging stations or related infrastructure, (xvii) the unavailability, reduction, or elimination of government and economic incentives or government policies which are favorable for EV manufacturers and buyers, (xviii) failure to maintain an effective system of internal control over financial reporting and to accurately and timely report the Company's financial condition, results of operations, or cash flows, (xix) the risk of battery pack failures in the Company or its competitor's EVs, (xx) risks related to the failure of the Company's business partners to deliver their services, (xxi) errors, bugs, vulnerabilities, design defects, or other issues related to technology used or involved in the Company's EVs or operations, (xxii) the risk that the Company's research and development efforts may not yield expected results, (xxiii) risks associated with autonomous driving technologies, (xxiv) product recalls that the Company may be required to make, (xxv) the ability of the Company's controlling shareholder to control and exert significant influence on the Company, (xxvi) the Company's reliance on financial and other support from Vingroup and its affiliates and the close association between the Company and Vingroup and its affiliates, (xxvii) conflicts of interests with or any events impacting the reputation of Vingroup affiliates or unfavorable market conditions or adverse business operations of Vingroup and Vingroup affiliates, and (xxviii) other risks discussed in our reports filed or furnished to the SEC.