MARKHAM, Ontario--(BUSINESS WIRE)--Prestige no longer lives in roaring engines and chrome grilles. In Canada, it lives in clean lines, calm power, and features that feel both bold and elegant. Electric vehicle sales are growing, but adoption remains uneven. In Q2 2025, zero-emission vehicles made up only about 8.6 percent of new vehicle registrations nationwide1. Some provinces do much better: Quebec has seen its share rise above 11 percent2. In that climate, a premium electric SUV has to do mo. ...

BDO银行常务副总裁兼机构银行部主管Charles M. Rodriguez表示，四方合作将为BDO大力推进菲律宾 电动车普及和发展绿色基础设施创造机会。 根据协议，各方将建立涵盖多个重点领域的全面合作框架，包括：数字银行服务、消费金融、保险、车 队融资及充电站基础设施建设。该合作有望为菲律宾市场打造一个可持续、同步且易于普及的电动车生 态系统。 VinFast全球销售与市场副总经理杨氏秋庄表示，VinFast与BDO等权威合作伙伴建立战略合作关系，将 为菲律宾民众带来更多电动车使用机会，助力打造一个绿色、智能和全面发展的交通生态体系。 越通社9月17日报道，越南电动车制造和服务商VinFast（菲律宾）、V-Green（菲律宾）和GSM（菲律 宾）当日宣布与菲律宾BDO银行签署战略合作备忘录，携手构建涵盖电动车分销、充电网络建设及电 动出租车运营的完整生态系统，推动菲律宾绿色转型进程。 ...

Core Insights - The VF 9 electric SUV is highlighted as a notable option for Canadian families seeking three-row vehicles that accommodate both space and range in a limited market [1] Company and Industry Summary - The VF 9 is positioned to meet the needs of Canadian families, particularly for activities such as transporting hockey bags and managing long commutes [1] - The vehicle's spacious design and range capabilities make it one of the few viable three-row electric options available in the current market [1]

Core Insights - VinFast Auto Ltd., Vietnam's largest carmaker, has secured a $150 million loan from Barclays Plc to support its expansion in the global electric vehicle market [1] Group 1 - The loan is being processed through VinFast's Singapore unit, VinFast Auto Pte., and is expected to be finalized soon [1] - The funds from the loan will be utilized for the company's growth initiatives in the electric vehicle sector [1]

Core Insights - The automotive industry is fraught with challenges, as evidenced by the approximately 100 defunct automakers in the U.S. starting with the letter "A," highlighting the difficulties new entrants face in establishing a successful business [1] Company Overview - VinFast Auto is attempting to enter overseas markets, particularly the U.S. and Europe, without an existing consumer base, which presents significant challenges [2] - The company went public during a period of high optimism for electric vehicle (EV) manufacturers, but this optimism quickly diminished due to tariffs, competition from Chinese EVs, and lower-than-expected traction in the U.S. market [3][4] Product Launch and Market Entry - VinFast's initial plans for the U.S. market included launching the VF8 midsize crossover, but subsequent product launches have faced delays, with the VF9 crossover arriving a year late and other models still not available [5][6] - The company needed to establish a market presence with affordable vehicles but failed to do so effectively, which hindered its entry into the competitive U.S. market [5] Distribution Challenges - VinFast struggled with distribution, recently shifting from a direct-sales model to opening its first franchised dealership in California, indicating a significant change in strategy [7] - The closure of all 15 direct-sales showrooms in California reflects the company's need to partner with dealers to improve market penetration [7] Financial Struggles - The automotive industry is known for its high bankruptcy rates, and VinFast is facing difficulties in meeting its original model rollout plans [8] - The company is seeking additional capital from its co-founder to address its financial challenges [8]

Group 1 - VinFast Auto has secured a $150 million loan from Barclays Bank to support its global expansion in the electric vehicle market [1] - The loan is for a three-year term and will be utilized for the company's working capital needs [1] - VinFast Auto has been actively seeking loans to facilitate overseas expansion, recently launching its first electric vehicles in India [1] Group 2 - The company is prioritizing expansion in Asian markets over North America and Europe as part of its global strategy [2] - VinFast Auto has opened its first overseas factory in Tamil Nadu, India, with an initial production capacity of 50,000 vehicles per year [2] - The company plans to establish another factory in Indonesia by October [2]

Core Viewpoint - VinFast Auto Ltd. is actively pursuing expansion in the global electric vehicle market, securing significant loans to support its growth initiatives [1][2][3][4] Group 1: Financing Activities - VinFast has secured a $150 million loan from Barclays Plc to support its working capital needs [1] - The company is also set to announce a $200 million loan from Indian state-owned banks, following a $510 million private credit loan obtained in July and a $112 million syndicated facility secured in April for a factory project in Indonesia [3] Group 2: Market Expansion - Despite facing stiff competition from Chinese manufacturers and other challenges, VinFast is focusing on international growth, recently launching its first electric vehicles in India [2] - The company is prioritizing its expansion in Asia over North America and Europe, having opened its first overseas factory in Tamil Nadu, India, with an initial production capacity of 50,000 vehicles per year [4] - VinFast plans to open a plant in Indonesia by October, further solidifying its commitment to expanding its manufacturing footprint in Asia [4]

Core Insights - VinFast is participating in Electrify Expo Chicago 2025, highlighting its commitment to the electric vehicle market and global expansion strategy [1][6] - The company will showcase its VF 8 and VF 9 electric SUVs, emphasizing their design, technology, and safety features [2][4] - VinFast aims to enhance brand awareness and community engagement through partnerships with local dealers [4][6] Product Details - The VF 8 SUV is priced starting at $39,900, with lease rates from $279/month, while the VF 9 starts at $62,900 with lease rates from $449/month [4] - Both models come with competitive financing options, including 0% financing promotions [4] - VinFast offers a robust warranty policy of 10 years or 125,000 miles for vehicles and 10 years with unlimited mileage for batteries [5] Market Strategy - The company has transitioned from a direct-to-consumer sales model to a dealership-based network across 14 states to improve customer access [7] - VinFast is expanding into high-potential markets such as Indonesia, the Philippines, India, and the Middle East, following its establishment in North America and Europe [8] - The company is committed to adapting its business strategies based on market analysis and macroeconomic conditions [9]

Group 1: Market Overview - The U.S. electric vehicle (EV) market is expected to grow, despite a slower start than anticipated [2] - A significant buying opportunity is anticipated due to consumer demand driven by the impending end of the $7,500 federal tax credit for EV purchases [3] Group 2: Company Analysis - Rivian - Rivian is expected to be less impacted by the anticipated fourth-quarter slowdown, as it has no vehicle launches planned for 2025 and has already experienced softening demand for its R1 vehicles [4] - The launch of Rivian's R2 SUV in the first half of 2026 is crucial, with significant cost reductions achieved in production, including a 50% reduction in the bill of materials [6][7] - The starting price of the R2 will be around $45,000, making it more accessible to mainstream U.S. consumers, positioning Rivian for a potentially lucrative 2026 [8] Group 3: Company Analysis - VinFast Auto - VinFast Auto's expansion plans into the U.S. and Europe have not succeeded, leading to a focus on Asian markets and a need for new capital [9][10] - The company reported a net loss of $812 million for the second quarter, a 15% increase from the previous year, indicating financial strain [10] - Despite a 172% surge in vehicle deliveries, revenue only increased by 91%, suggesting pricing weakness and a failure to meet its annual target of 200,000 units [11][12]

Group 1 - VinFast reported total revenue of 16.61 trillion VND for the second quarter, which was below market expectations of 17.19 trillion VND [1] - The company incurred a loss of 8,686 VND per share in the second quarter, exceeding market estimates of a loss of 6,965 VND per share [1] - VinFast maintained its delivery guidance for 2025, indicating confidence in its future performance despite current financial results [1]