From Nasdaq:

VinFast Auto Ltd (NASDAQ: VFS) is an up-and-coming electric vehicle automaker with a compelling investment opportunity. The company’s state-of-the-art manufacturing facilities, full portfolio of EVs, and its acquisition of VinES gives it an advantage with cheaper production and superior battery technology.

VinFast plans to enter the U.S. market with 125 sales points via a dealer network in the first phase and aims to have “hundreds” more by the end of 2024. The company also has a global strategy to expand into Canada, Europe, and parts of Asia.

Despite its potential, VinFast is still an unknown brand breaking into the Western markets with a large investment from Vingroup. Investors may want to wait and see how 2024 plays out before banking on a breakout year for the Vietnamese automaker.

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now, and VinFast Auto Ltd. wasn’t one of them. Investing in VinFast in its early stages is highly speculative and risky, with the odds stacked against the company.



Read more: 2024 Could Be a Breakout Year for VinFast. Is the Stock a Buy Now?