VinFast launches full-size electric SUV targeting American families

IRVINE, Calif. - Vietnamese automaker VinFast, currently valued at $8.19 billion, announced the release of its VF 9, a full-size electric SUV designed for the American family market, according to a company press release issued Thursday. While the company has shown impressive revenue growth of 65.72% over the last twelve months, InvestingPro analysis indicates challenges with profitability and cash management.

The VF 9 features three rows of seating accommodating seven passengers, with over 201 inches in length and a wheelbase exceeding 123 inches. The vehicle is equipped with a standard all-wheel drive electric drivetrain powered by two motors generating 402 horsepower, allowing acceleration from 0 to 62 mph in 6.6 seconds. This ambitious product launch comes as the company faces operational challenges, with InvestingPro data showing a gross profit margin of -50.53%.

The SUV offers EPA-estimated ranges of 330 miles for the VF 9 Eco model and 291 miles for the VF 9 Plus model, powered by a 123 kWh battery capacity.

Safety features include highway driving assist, collision mitigation, blind-spot detection, automatic emergency braking, and 11 airbags. The vehicle also comes with over-the-air update capability and a companion app for remote access to vehicle controls and data.

VinFast is backing the VF 9 with a 10-year or 125,000-mile vehicle warranty and a 10-year battery warranty with unlimited mileage for non-commercial use. For July 2025, the company is offering qualified lessees a promotional rate of $449 monthly with zero down payment for 24-month leases.

The launch comes as market research indicates growing demand for spacious electric vehicles. A CarGurus survey cited in the release found that 62 percent of parents reported insufficient space in their current vehicles, while an Insurance Institute for Highway Safety study showed 93 percent of respondents prioritize reliability when choosing vehicles.

The VF 9’s interior features premium vegan leather seating, customizable ambient lighting, and a panoramic glass sunroof, according to the company statement. Analysts maintain a positive outlook on VinFast’s growth potential, with price targets ranging from $5.50 to $6.00 per share. For deeper insights into VinFast’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US-listed companies.

In other recent news, VinFast Auto Ltd. reported delivering 11,496 electric vehicles in Vietnam for May 2025, bringing their year-to-date total to 56,187 units. The VF 5 and VF 3 models were particularly popular, with 4,232 and 3,950 deliveries, respectively. The company also announced the opening of its first authorized dealership in California, operated by Sunroad Automotive Group, as part of its U.S. expansion strategy. This dealership will offer VinFast’s electric SUV models and provide comprehensive after-sales services. VinFast is pursuing a strategy of "inclusive pricing" to make electric vehicles more accessible, with the VF 8 model starting at $39,900 and leasing options beginning at $269 per month. Additionally, Cantor Fitzgerald has reiterated an Overweight rating on VinFast, maintaining a $6.00 price target. This follows the company’s announcement of a new manufacturing facility in Vietnam, which will expand its production capacity. VinFast’s global expansion plans include growth in North America, Europe, and the Middle East.

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