VinFast Auto Ltd. (VFS) A Top Mid-Cap Stock to Own for Decades Amid EV Sales Growth and US Expansion Drive

VinFast Auto Ltd (NASDAQ:VFS) is one of the top mid-cap stocks to own for the long term, according to hedge funds. On June 18, VinFast Auto Ltd (NASDAQ:VFS) confirmed the availability of its VF 8 electric SUV across the United States.

The base Eco trim will retail for $39,900, while the Plus trim will retail for $44,900. VinFast is targeting families that want a capable, quiet, and well-equipped electric SUV with the new model. The VF8 comes with a 116.1-inch wheelbase to compete equally in the D-SUV segment. In its cabin rear passengers can sit upright without negotiating legroom. It also comes with an intuitive head-up display that projects key information directly onto the windshield.

Earlier, on June 10, VinFast announced domestic deliveries of 19,503 electric vehicles in May. Year to date the company has delivered 97,961 EVs in Vietnam affirming its dominance in the domestic market even as it eyes growth on the international scene. The Limo Green and the VF 3 are the company’s two best-selling models in Vietnam, with cumulative deliveries of 24,059 and 20,231 vehicles, respectively.

VinFast Auto Ltd. (NASDAQ:VFS) is a global automotive manufacturer specializing in the research, development, and production of smart electric vehicles (EVs), including battery-electric cars, electric motorbikes/scooters, and e-bikes.

While we acknowledge the risk and potential of VFS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VFS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: Billionaire Cliff Asness’ Top 10 Healthcare Stock Picks and 10 Best Stocks to Buy Now for Good Returns.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1