VinFast Auto Ltd. (VFS) to Resume Construction at its North Carolina Factory this Year

VinFast Auto Ltd. (NASDAQ:VFS) is one of the 10 Best Auto Manufacturer Stocks to Buy According to Analysts. On March 16, 2026, Bloomberg reported that Vietnamese electric vehicle maker VinFast Auto Ltd. (NASDAQ:VFS) said it will resume construction at its North Carolina factory this year. However, the company recorded a larger loss in the fourth quarter due to rising costs associated with its global expansion. The corporation recorded a fourth-quarter financial loss of 35.2 trillion dong ($1.3 billion), up 15% year on year. Revenue increased by 138.9% year on year to 39.4 trillion dong. The fourth-quarter cost of sales was 55.14 trillion dong, an increase of 86.6% from the same period last year.

On March 3, 2026, VinFast Auto Ltd. (NASDAQ:VFS) completed its strategic restructuring into three car brand lines, launching two new ultra-luxury models, the Lac Hong 800S and Lac Hong 900S. The corporation divided its portfolio into three brands: Lac Hong ultra-luxury, VF mass-market passenger vehicles, and Green commercial mobility.

VinFast Auto Ltd. (VFS) to Resume Construction at its North Carolina Factory this Year

Pixabay/Public Domain

VinFast Auto Ltd. (NASDAQ:VFS) produces vehicles, offers leasing services, trades smartphones, and engages in other related enterprises. The company is engaged in developing and manufacturing high-quality EVs, e-scooters, and e-buses.

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