VFS

VinFast Dealership Opening: VinFast has opened its first authorized dealership in California, located in San Diego, marking a significant step in its expansion strategy in the U.S. electric vehicle market.

Event Highlights: The grand opening event featured test drives of VinFast's flagship electric SUVs, the VF 8 and VF 9, and was attended by local media, consumers, and VinFast executives.

Expansion Plans: VinFast is actively pursuing additional dealership opportunities throughout California, aiming to build a robust network across the U.S. with nearly 30 authorized dealerships established so far.

Competitive Offerings: The company offers competitive pricing for its electric SUVs, along with attractive financing options and an industry-leading warranty, as part of its commitment to making EVs accessible to American consumers.

Funding and Restructuring: VinFast secured funding for the next 12 to 18 months by selling R&D assets to its founder, Pham Nhat Vuong, as part of a restructuring plan that includes creating a new entity called Novatech Research and Development.

Share Reallocation: The restructuring involves reallocating Vingroup's preference shareholdings between VinFast Trading and Production JSC (VFTP) and Novatech, with Vingroup expected to hold over 10.7 billion preference shares combined in both entities.

Growth Projections: VinFast aims to double its electric vehicle deliveries this year, targeting nearly 195,000 units, supported by strong growth in Vietnam and plans to expand into markets like India and Indonesia.

Analyst Outlook: Chardan Research maintains a Buy rating on VinFast, highlighting the company's strategic moves to address financial needs and improve its capital structure, while also projecting significant delivery increases in the second half of the year.

Tensor's Autonomous Vehicle Launch: Silicon Valley startup Tensor plans to release a personal Level 4 autonomous vehicle in late 2026, featuring luxury elements like a folding steering wheel and retractable pedals, while emphasizing privacy and safety with an extensive sensor suite.

Market Positioning Against Tesla: Unlike Tesla, which focuses on supervised driver-assist systems, Tensor targets the consumer market directly, aiming to redefine personal mobility by offering fully autonomous vehicles for ownership rather than ride-hailing services.