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Investing.com - Cantor Fitzgerald maintained its Overweight rating and $6.00 price target on VinFast Auto Ltd. (NASDAQ:VFS) on Monday. The Vietnamese EV maker, currently valued at $8.3 billion, is trading near InvestingPro’s Fair Value estimate, despite showing a concerning cash burn rate.
The Vietnamese electric vehicle maker reported stable monthly deliveries for June 2025, with its VF3, VF5, VF6, and VF7 models selling 3,667, 3,060, 1,245, and 725 vehicles respectively in its home market. The company also sold 1,415 Nerio Green models and 916 Herio Green commercial vehicles during the month.
For the first half of 2025, VinFast’s smaller models led sales with the VF3 reaching 23,083 units and the VF5 achieving 21,812 units. The company maintains its guidance of at least doubling vehicle deliveries in fiscal year 2025 compared to last year’s 97,339 units.
Cantor Fitzgerald views VinFast as well-positioned to mitigate impacts from tariffs and the removal of the $7,500 EV tax credit due to its vertical integration and focus on Vietnamese and Asian markets.
The firm’s continued Overweight rating reflects confidence in VinFast’s business model, which relies less on U.S. market conditions than other electric vehicle manufacturers.
In other recent news, VinFast Auto Ltd. reported domestic deliveries of 11,382 electric vehicles in Vietnam for June, contributing to a total of 67,569 deliveries in the first half of 2025. The VF (NYSE:VFC) 3 model emerged as the top seller for the month, with 3,667 units delivered. Additionally, the company inaugurated a new manufacturing plant in the Vung Ang Economic Zone, Ha Tinh, to produce compact urban electric vehicles. In a strategic move to capture the American market, VinFast launched the VF 9, a full-size electric SUV designed for families, featuring three rows of seating and a range of safety and technological features. Cantor Fitzgerald has reiterated its Overweight rating on VinFast, maintaining a $6.00 price target, following the company’s announcement of a new manufacturing facility in Vietnam. The firm views this expansion as a positive development, potentially increasing VinFast’s manufacturing output. Furthermore, VinFast is pursuing an "inclusive pricing" strategy to make electric vehicles more accessible, offering competitive pricing on models like the VF 8. The company’s expansion plans include opening its first authorized dealership in California, part of a broader strategy to strengthen its presence in North America and beyond.
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