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Investing.com - VinFast Auto Ltd. (NASDAQ:VFS) received a reiterated Overweight rating and $6.00 price target from Cantor Fitzgerald, as the electric vehicle maker continues its global expansion efforts. With the stock currently trading at $3.34, analysts see significant upside potential, though InvestingPro data shows the company’s overall financial health score remains WEAK.
The Vietnamese automaker reported second-quarter revenue of approximately $663 million, exceeding both the $653.9 million Visible Alpha Consensus and significantly outpacing the $357.4 million recorded in the same quarter last year. This growth was driven by 35,837 vehicle deliveries in the quarter, compared to 13,172 deliveries in the second quarter of 2024. According to InvestingPro data, VinFast’s revenue growth stands at an impressive 86% over the last twelve months.
VinFast continues to expect vehicle deliveries to at least double in fiscal year 2025 compared to fiscal year 2024, when it delivered 97,339 vehicles. The company reported gross margins of approximately negative 41% in the second quarter, which fell below analyst estimates and the negative 35.2% reported in the first quarter. InvestingPro analysis reveals persistent profitability challenges, with gross profit margins at -46.28% over the last twelve months. Subscribers can access 12 additional ProTips about VFS’s financial performance.
The company reaffirmed its manufacturing expansion plans, with its new facility in Ha Tinh, Vietnam, on track to become operational in the second half of 2025. VinFast also inaugurated its India factory in August 2025 and plans to commence operations at its Indonesia factory in the second half of 2025, which would bring its total annual manufacturing capacity to approximately 600,000 vehicles.
VinFast’s total liquidity stands at approximately $4.2 billion as of the second quarter, up from $2.4 billion in the first quarter, including $550 million in cash, $1.6 billion in expected proceeds from its Novatech spinoff, $1 billion from its ELOC facility, and approximately $1 billion from additional loans and grants.
In other recent news, VinFast Auto reported a robust second quarter of 2025, highlighting significant increases in both revenue and electric vehicle deliveries. The company has expanded its manufacturing capabilities and international presence, which contributed to its strong performance. These developments reflect VinFast’s strategic initiatives aimed at enhancing its growth trajectory in the competitive electric vehicle market. The earnings call revealed that the company’s efforts are paying off, as evidenced by its strong quarterly results. Investors responded positively to the news, indicating a sense of optimism about VinFast’s future prospects. The company’s strategic focus on expanding its manufacturing and international operations appears to be yielding favorable outcomes. This recent growth underscores VinFast’s commitment to scaling its operations and increasing its market share globally.
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