Edison Initiates Coverage On VinFast Auto Ltd. (VFS) With $8.00 Per Share Valuation

Group 1 - VinFast Auto Ltd. (NASDAQ:VFS) is recognized as one of the 10 best electric vehicle stocks to buy heading into 2026 [1] - Edison Group initiated coverage on VinFast with a valuation of $8.00 per share, indicating a potential upside of 143% from current levels [2] - VinFast plans to invest $500 million in India to expand its manufacturing capabilities, including electric buses, scooters, and charging stations [3] Group 2 - The Thoothukudi plant, which began operations in July, has an initial production capacity of 50,000 vehicles per year, with plans to double this capacity to 150,000 vehicles within a year [4] - In 2024, VinFast delivered 97,399 electric vehicles globally and aims to increase deliveries in 2025 while adding 35 dealerships in 27 locations by December [4] - The company is involved in the development and manufacturing of high-quality electric vehicles, e-scooters, and e-buses, alongside offering leasing services and trading smartphones [5]