VinFast: Vietnam EV maker valued at more than Ford or GM

[CIA Mole]

An EV Start-Up Goes Public. It's Worth More Than Ford.

The Vietnamese electric-vehicle maker VinFast is beginning life as a publicly traded company on the Nasdaq stock exchange.

www.barrons.com

Vietnam EV maker valued at more than Ford or GM - BBC News

The share sale on the Nasdaq values VinFast at $85bn compared to Ford's $48bn and GM's $46bn.

www.bbc.com

That gave VinFast a stock market valuation of $85bn (£67bn), much higher than Ford's $48bn and GM's $46bn.

almost as much as BYD, more than Lucid, Rivian, NIO, Xpeng added together

Lol

 

[MH.Yang]

This EV company sells only 10,000 vehicles in half a year and can't even make it to the top 100 in China's EV company sales rankings. I'm surprised at its valuation.

 

[Menthol]

One word to describe... 'bubble'!

 

[REhorror]

Freaking wow.

Go go Vietnam!

 

[MH.Yang]

One word to describe... 'bubble'!

I think it's more like money laundering.

The EV business that sold only 11,300 cars in 6 months is valued at $85 billion. For comparison, BYD has a market capitalization of $129.23 billion and sold 1,255,600 vehicles in the first six months.

This Vietnamese EV company is valued as much as it can over Mercedes-Benz.

 

[Viet]

I think it's more like money laundering.

The EV business that sold only 11,300 cars in 6 months is valued at $85 billion. For comparison, BYD has a market capitalization of $129.23 billion and sold 1,255,600 vehicles in the first six months.

This Vietnamese EV company is valued as much as it can over Mercedes-Benz.

View attachment 946247

That’s today. The market expects higher sales in the future. That’s why VF stock is higher than should be. That’s a lot of speculation though.

VinFast can make 950,000 cars per year in Vietnam and US factories by 2026.

 

[zhxy]

VF's ride quality is rubbish

They pay blogs and many social networking sites to exaggerate the quality of their products, and denounce and silence those who speak the truth.

These trash companies use national pride to scam people. Many people have fallen into this trap, such as Bphone, TV Asazo and now Vin cars.

Lesson learned is to continue to buy foreign products, do not buy so-called domestic products or support national pride

 

[Viet]

VF's ride quality is rubbish

They pay blogs and many social networking sites to exaggerate the quality of their products, and denounce and silence those who speak the truth.

These trash companies use national pride to scam people. Many people have fallen into this trap, such as Bphone, TV Asazo and now Vin cars.

Lesson learned is to continue to buy foreign products, do not buy so-called domestic products or support national pride

Don’t be so harsh. I follow the company since years. They will learn from mistakes. Continue buying foreign brands is not something to be proud of.

 

[Skull and Bones]

When I say something is a short candidate, it is a short candidate.

 

[pikkuboss]

When I say something is a short candidate, it is a short candidate.

How would you short it? There is no volume. Even if you want to borrow VFS stock, you can't.

 

[Viet]

How would you short it? There is no volume. Even if you want to borrow VFS stock, you can't.

You can buy warrants on the stock.
The stock is VFS
The warrant VFSWW

VinFast Auto Ltd. (VFSWW) Stock Price, News, Quote & History - Yahoo Finance

Find the latest VinFast Auto Ltd. (VFSWW) stock quote, history, news and other vital information to help you with your stock trading and investing.

finance.yahoo.com

 

[Sapei]

The EPA range figures came out for VF models. They were rubbish.

 

[Viet]

The EPA range figures came out for VF models. They were rubbish.

Nah. That’s because premature battery is used. That problem will be fixed. The company has a new lithium-ion battery factory under construction. Capacity: initially 100,000 then scaled up to 1 million packs per year. Maybe another battery factory in the US with hundreds thousands battery packs per year. Not a problem at all.
What we need is technology either from China, US or elsewhere then we manufacture them.

 

[MH.Yang]

Nah. That’s because premature battery is used. That problem will be fixed. The company has a new lithium-ion battery factory under construction. Capacity: initially 100,000 then scaled up to 1 million packs per year. Maybe another battery factory in the US with hundreds thousands battery packs per year. Not a problem at all.
What we need is technology either from China, US or elsewhere then we manufacture them.


View attachment 946294

View attachment 946295

Don't you think that it will get such a high valuation only after all the quality issues have been resolved and it has gained convincing sales?

Or can you please tell me what it's going to have in the future that's stronger than BMW and Mercedes?

 

[Bilal9]

VF's ride quality is rubbish

They pay blogs and many social networking sites to exaggerate the quality of their products, and denounce and silence those who speak the truth.

These trash companies use national pride to scam people. Many people have fallen into this trap, such as Bphone, TV Asazo and now Vin cars.

Lesson learned is to continue to buy foreign products, do not buy so-called domestic products or support national pride

I think the majority of Indians need to learn this lesson.

Hoopla about Nationalistic pride is not only their pastime - but a way to support votes for their current administration.

"My country right or wrong" is their mantra - especially in the new generation of Indians.

This is seen in a population who are desperate about their faltering national image and will clutch at flimsy straws to upgrade that image, though unsuccessfully.

If India had a Vinfast, you'd see the propaganda go through the roof....