VinFast Auto (VFS) Small-Cap Growth Virtual Investor Conference 2024 summary

Investment thesis and business model

• Focus on making premium electric vehicles accessible at all price points, from $10,000 to $80,000.

• Multi-channel distribution includes both company-owned showrooms and third-party dealerships for global reach.

• Vertically integrated operations with in-house battery manufacturing and robust supply chain.

• Strong founder and Vingroup support, providing financial backing and management expertise.

• Mission to create a sustainable future with premium quality, broad pricing, and exceptional after-sales service.

Growth and expansion strategy

• Transitioned from ICE to EVs, ceasing ICE production in 2022 to focus solely on electric vehicles.

• Rapid expansion into South Asia, North America, Europe, and Southeast Asia, including new markets like Indonesia, India, Thailand, and the Philippines.

• Product launches include five new electric SUVs and a concept pickup truck since early 2023.

• Plans to enter Middle East and Africa, with a UAE facility opening by year-end.

• Targeting both left-hand and right-hand drive markets globally in 2024.

Product and technology highlights

• Seven EV models equipped with smart technologies, priced between $10,000 and $80,000.

• Innovative battery subscription model reduces upfront costs and monthly payments.

• Outstanding warranty: up to 10 years/125,000 miles for vehicles and 10 years unlimited for batteries.

• Free battery replacement if health drops below 70%.

• Over 850,000 charging points available globally through partnerships and V-GREEN.