VinFast Auto Ltd. Warrant

VinFast opened its first factory in Subang, Indonesia, marking a significant expansion in Southeast Asia. The new facility will initially produce several electric vehicle models for the domestic market, reinforcing the company's global ambitions.

The global electric vehicle aftermarket is expected to grow from USD 84.08 billion in 2025 to USD 351.59 billion by 2034, with a CAGR of 17.23%. North America currently dominates the market, with Asia Pacific projected to have the fastest growth rate.

As EV tax credits expire in September, VinFast and Lucid Group are positioned to potentially benefit from shifting market dynamics, with analysts seeing upside potential despite current unprofitability.

VinFast, a Vietnamese EV maker, has signed a $1 billion Memorandum of Understanding with JTA Investment Qatar to expand its electric vehicle and tourism businesses globally.

NIO's stock performance in 2023 may have been lackluster, but it saw strong vehicle delivery figures in Q4. See why we are on the sidelines for NIO stock.