VinFast debuts with 254% gains! Will Vietnamese EV maker continue to impress market?
$VinFast Auto(VFS)$ , a Vietnamese electric vehicle (EV) maker, recently made its debut on the Nasdaq stock exchange through a $23 billion backdoor listing facilitated by a special purpose acquisition company (SPAC) called $Black Spade Acquisition Co.(BSAQ.U)$ .
Vietnamese EV Maker VinFast Debuts on the Nasdaq, and Shares Soar
VinFast's stock opened at $22 per share, which was more than double the $10 per share agreed upon with its SPAC partner.
The stock price surged during the trading session, closing at $37.06. This increase in stock price valued the company at $85 billion, surpassing the market capitalizations of established automakers like $Ford(F)$ and $General Motors(GM)$ .
What about financial performance of VinFast?
VinFast's financial performance has shown mixed results.
The company posted a net loss of $598 million in the first quarter of the year and reported a loss of $2.1 billion in 2022. It is worth noting that the EV industry is highly competitive, and many companies are investing heavily in research, development, and market expansion.
How does VinFast prepares for competition in EV industry?
The company has already shipped around 3,000 vehicles to North America, but initial sales have been relatively slow.
VinFast's founder, Pham Nhat Vuong, aspires to challenge industry leader $Tesla Motors(TSLA)$ with a new $4 billion factory under construction.
The CEO expressed plans to partner with dealerships to expand its presence and increase sales.
VinFast aims to bring its larger VF9 EV to the U.S. market later in the year and is also working on getting its vehicles certified by European safety regulators.
What about the pricing of VinFast's vehicles?
The CEO said the company’s strategy is “offering premium quality products at affordable pricing with excellent after sales service.”
VinFast is entering the American and European EV markets at a time when competition is intensifying. The company's pricing for its VF8 model starts at $46,000 in California, slightly lower than the Tesla Model Y's starting price of $47,740 before factoring in tax incentives.
Will Vietnamese EV maker continue to impress market?
Are you bullish on the new ev maker?
How do you view the competition in ev industry?
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🌟🌟🌟There is much hype currently over $VinFast Auto(VFS)$ on its first day of trading with a massive 254% gains. However it is still early days how this new kid on the block in the ultra competitive EV market will perform. It is a case of "Too Fast Too Furious" for me as I prefer to wait and see how it will perform later on. It has yet to set up a factory in the US and I believe it will not be an easy task to take on Tesla, the King of EV market.
In the current volatile market, I prefer to invest in quality stocks that are profitable and slip Vinfast for now.
@MillionaireTiger
$VinFast Auto(VFS)$ 纳斯达克令人印象深刻的首次亮相标志着越南电动汽车（EV）制造商的一个重要里程碑。该股的开盘价为22美元，是其特殊目的收购公司合伙人商定的每股10美元的两倍多，体现了围绕该公司在电动汽车市场潜力的最初热情。
然而，历史表明，IPO中最初的股价飙升，特别是那些涉及电动汽车等新兴行业的IPO，可能会伴随着一段时间的波动和潜在的价格调整。这种模式并不罕见，通常是由市场情绪、投机和行业动态共同驱动的。
VinFast进军电动汽车行业遇到了兴奋和怀疑。虽然该公司的创始人Pham Nhat Vuong旨在挑战像特斯拉这样的老牌公司，但该行业的竞争格局带来了挑战。包括传统汽车制造商在内的其他公司也在积极投资电动汽车技术和市场扩张。
电动汽车行业正在见证快速创新和不断变化的消费者偏好。VinFast以实惠的价格提供优质电动汽车的战略是一种值得称赞的方法，但需要注意的是，这一战略的成功取决于各种因素，包括制造效率、消费者接受度以及公司适应不断变化的市场趋势的能力。
至于我对VinFast未来表现的立场，我持谨慎乐观的态度。虽然该公司在纳斯达克的强劲开局反映了投资者的信心，但在竞争激烈的电动汽车行业取得持续成功需要持续的创新、适应性和业务战略的有效执行。
在电动汽车行业的大背景下，竞争正在加剧。像特斯拉这样的老牌玩家已经领先一步，但像VinFast这样的新进入者带来了新的想法和潜在的颠覆性。不断发展的监管格局、电池技术的进步以及消费者偏好的转变将塑造该行业的发展轨迹。
总之，虽然VinFast的首次亮相和初始股票表现值得注意，但以平衡的视角看待这种情况是至关重要的。首次公开募股通常经历最初的热情，随后随着市场力量的稳定价格调整。电动汽车行业的增长潜力巨大，但投资者应该保持警惕，考虑未来的机遇和挑战。
if it is premium quality, it can't be affordable.
if it is affordable, it can't be premium quality.
any tigers know of any product that is premium quality and yet affordable? [Thinking]
Again, will not invest in such meme stock as you may not know the speed of the falling rollercoaster can be.
Just personal opinion, buying Tesla not because of the car yet it's the technology behind & confidence towards the founder of the company.
and....the design of the VSF suv all looks the same & less bonny
Tigers, what do u think about $VinFast Auto(VFS)$ ?
The performance of new EV makers depends on their business strategies, innovation, technology adoption, and how well they understand and cater to consumer preferences. Entering a competitive market requires a strong value proposition and differentiation to attract customers.
The global EV industry is highly competitive with established players like Tesla, traditional automakers transitioning to EVs, and newer entrants from various countries. This competition is driving innovation, technological advancements & cost reductions. Success in this industry depends on factors like product quality, technology, pricing, infrastructure & government policies.