VinFast Auto anticipates global EV deliveries to more than double by 2025.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 21 2025
0mins
Should l Buy VFS?
- EV Delivery Goals: The company aims to at least double its global electric vehicle (EV) deliveries by 2025.
- E-Scooter Growth: Anticipated growth in the e-scooter sector is expected due to supportive government policies in Vietnam and the company's initiatives to promote two-wheeler electrification.
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Analyst Views on VFS
Wall Street analysts forecast VFS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VFS is 5.83 USD with a low forecast of 5.50 USD and a high forecast of 6.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 3.210
Low
5.50
Averages
5.83
High
6.00
Current: 3.210
Low
5.50
Averages
5.83
High
6.00
About VFS
VinFast Auto Ltd is a full-scale mobility platform focused on designing and manufacturing electric vehicles (EVs), e-scooters and e-buses. Its segments include Car, E-scooter and Ebus. The Car segment includes the design, development, manufacturing and sales of cars and related battery lease and battery charging services for cars. The E-scooter segment includes the design, development, manufacturing and sales of e-scooters and related battery lease and battery charging services for e-scooters. The Ebus segment includes the design, development, manufacturing and sales of Ebus. Its EV models include the VF 3, VF e34, VF 8, VF 9, VF 5, VF 6, VF 7, the Green series, which includes Minio Green, Herio Green, Nerio Green, Limo Green, and VF Wild. It offers two trims of the VF 8 model in North America, Europe, Vietnam and the Middle East, the Eco and Plus. The Eco trim offers a longer driving range. The Plus trim offers high horsepower and luxury features, including a power-assisted tailgate.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Warranty Innovation: VinFast's industry-leading 10-year or 200,000-kilometre warranty significantly reduces consumer risk perception regarding EVs, thereby attracting more potential buyers, particularly in the Canadian market.
- Price Competitiveness: The VinFast VF 8 starts at approximately CAD 47,206, offering a more appealing option compared to the average new car price of CAD 65,000 in Canada, making the economic case for EVs more persuasive.
- Service Accessibility Enhancement: VinFast's mobile app integrates with about 95% of public charging stations in North America, providing access to over 100,000 chargers, simplifying the charging and service appointment process, and boosting consumer confidence in usage.
- Market Education Strategy: VinFast addresses consumer concerns about EVs by providing clear information on total cost of ownership and warranty coverage, helping them assess the long-term value of EVs more rationally and fostering market maturity.
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- Capital Raise: Black Spade Acquisition III successfully raised $150 million by offering 15 million units at $10 each, establishing a solid financial foundation for investments in the leisure, entertainment, and digital asset sectors.
- Management Team: The SPAC is led by Co-CEO and Chairman Dennis Tam, along with Co-CEOs Kester Ng and Richard Taylor, all of whom bring extensive investment management experience, enhancing investor confidence in the venture.
- Investment Focus: Black Spade Acquisition III aims to target opportunities at the intersection of entertainment and digital financial infrastructure, with potential targets including digital assets, Web3 technologies, and blockchain-driven business models, demonstrating keen insight into future market trends.
- Historical Performance: The predecessor, Black Spade Acquisition, merged with Vinfast Auto in 2023, experiencing a 66% decline from its offer price, yet the management team's experience provides a strong assurance for the new SPAC's success.
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- Superior Space Design: The VinFast VF 8 features a 116.1-inch wheelbase and 187-inch length, providing ample interior space that enhances family travel comfort, particularly for children and bulky child seats.
- Smart Tech Features: Equipped with a 15.6-inch central touchscreen that integrates navigation and vehicle controls, the VF 8 improves user experience, while the Plus trim's panoramic glass roof brightens the cabin, making it ideal for long trips.
- Powerful Performance: The VF 8 Eco configuration delivers 349 horsepower, while the Plus version boosts output to 402 horsepower, ensuring stability and acceleration performance even when fully loaded, which enhances family travel confidence.
- Comprehensive Safety Systems: With up to 11 airbags and various driving assistance features like adaptive cruise control and blind spot detection, the VF 8 aims to reduce mental strain during long-distance driving, thereby improving family travel safety.
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- Market Opportunity: As interest in spacious electric travel rises in Canada, the VinFast VF 9, a seven-seater electric SUV, is gaining traction among families, filling the gap in the market for full-size electric SUVs and meeting consumer demands for space and comfort.
- Comfort Design: The VF 9's second-row captain's seats rival those in luxury minivans, equipped with ventilation and massage functions, making long-distance travel more enjoyable and attracting families accustomed to highway travel, thereby enhancing the brand's competitive edge.
- Charging Convenience: VinFast's mobile app connects with most public charging networks in Canada and the U.S., simplifying the charging process and alleviating consumer concerns about electric vehicle charging, thus promoting wider adoption of EVs.
- Long Warranty Policy: The VF 9 offers a 10-year or 200,000-kilometer comprehensive warranty along with unlimited mileage on the battery, addressing consumer concerns about EV longevity and boosting confidence for families transitioning from traditional gasoline SUVs.
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- Market Demand Growth: As interest in spacious electric travel rises in Canada, the VinFast VF 9, a seven-seater electric SUV, is entering family considerations, filling the gap in the market for full-size electric SUVs and meeting consumer space needs.
- Enhanced Comfort: The VF 9's second-row seating rivals luxury minivans, featuring ventilation and massage functions that make long-distance travel more comfortable, appealing to families accustomed to highway travel.
- Strong Range Capability: The VF 9 offers a range of up to 518 kilometers under Canadian conditions, and while winter may impact this, the large battery design mitigates seasonal losses, boosting consumer confidence.
- Superior Warranty Policy: VinFast provides a 10-year or 200,000-kilometer comprehensive warranty along with a battery warranty, one of the longest in Canada, alleviating consumer concerns about the durability of electric vehicles.
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- Delivery Milestone: VinFast achieved over 20,000 EV deliveries in October, further solidifying its dominant position in the Southeast Asian market, reflecting consumer trust and support for local brands.
- Infrastructure Expansion: The company actively expanded its charging network and adjusted its product line to match local income levels, a series of measures that not only encouraged early adoption of EVs but also strengthened consumer confidence, propelling Vietnam to become one of the fastest-growing EV markets in Southeast Asia.
- Global Strategic Layout: VinFast is constructing new facilities in Vietnam and India, with plans for a new plant in Indonesia, indicating its commitment to establishing a distributed manufacturing base to support long-term regional industrial development.
- International Market Validation: VinFast's two-year presence in Canada aims to validate its engineering standards and customer support capabilities through performance in harsh conditions, thereby enhancing its credibility in global markets and fostering the overall development of Southeast Asia's EV ecosystem.
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