VinFast Auto (VFS) U.S.-listed shares gained 2% this month, outperforming Tesla, Nio, and XPeng as the Vietnamese EV maker announced plans to break even in Vietnam by 2027. Deputy CEO Anne Pham stated at the Bloomberg Sustainable Business Summit in Singapore that VinFast expects domestic breakeven next year with global breakeven following shortly afterward. The performance was driven by surging demand for the company's new VF 2 entry-level EV, priced at $7,139, which attracted 29,000 orders within three days of its early July launch. VFS stock rose while XPEV gained 1%, NIO fell 5%, and TSLA declined 10% this month. The announcement comes as VinFast delivered 115,916 vehicles in Vietnam during the first half of 2026, up 72% from the previous year, and targets at least 300,000 global deliveries this year.
VinFast Stocks Outperform Tesla, Nio, and XPeng This Month
VFS stock has gained 2% this month, outperforming XPEV's 1% rise, while NIO and TSLA have fallen 5% and 10%, respectively. Year-to-date, VFS has declined 4% versus losses of 6% for NIO, 16% for TSLA, and 34% for XPEV.
VinFast Announces 2027 Vietnam Breakeven Target and VF 2 Launch Results
Deputy CEO of Investment Anne Pham said at the Bloomberg Sustainable Business Summit in Singapore that VinFast expects to break even in Vietnam next year and reach global breakeven shortly afterward. The VF 2, priced at 188 million dong ($7,139) including the battery, attracted 29,000 orders within three days of its early July launch. VinFast delivered 115,916 vehicles in Vietnam during the first half of 2026, up 72% from the previous year. The company is targeting at least 300,000 global deliveries this year after selling around 200,000 vehicles in 2025. VinFast's first-quarter deliveries climbed 61% to 58,577 vehicles, with the company stating it has remained Vietnam's top automaker every month since September 2024.
Tesla, Nio, and XPeng Report Q2 Delivery Figures
Tesla delivered 480,126 vehicles globally during the second quarter, beating expectations, while Shanghai wholesale volume rose 24% in June. First-half retail deliveries in China declined by 9%. Nio posted a record 40,597 deliveries in June, up nearly 63%, and is targeting full-year non-GAAP operating profitability. XPeng delivered 40,126 vehicles in June, returning to year-over-year growth after five straight declines, aided by its new GX SUV. BYD broke ground in January on a $130 million Vietnamese battery factory that could eventually reach 6 gigawatt-hours of annual capacity and produce batteries for passenger vehicles.
VinFast Approves $530 Million Factory Spinoff and Expands Asia Manufacturing
Shareholders approved a plan in May to separate VinFast's Vietnam factories and sell the manufacturing operation for $530 million. VinFast would retain its research, intellectual property, software, branding, sales, and after-sales businesses. The company expects the spinoff to reduce spending on its Vietnam factories by around $400 million. VinFast has opened factories in India and Indonesia and plans to deepen local manufacturing in both countries. Deputy CEO Pham said deliveries in Indonesia and the Philippines are gaining momentum, aided by higher fuel costs and accelerating EV adoption. VinFast has said it remains committed to the U.S., although North America and Europe are expected to contribute only a modest share of 2026 deliveries.
Retail Sentiment and One-Year Stock Performance
On Stocktwits, retail sentiment for VFS and TSLA was bullish amid normal message volume, while sentiment for XPEV was neutral and NIO was bearish, both amid low message volume. Over the past year, TSLA was the strongest performer with a 15% gain, followed by NIO, which rose 6%. VFS declined 11% but held up better than XPEV, which dropped 27%.
FAQ
What did VinFast announce about breaking even?
Deputy CEO Anne Pham stated at the Bloomberg Sustainable Business Summit in Singapore that VinFast expects to break even in Vietnam by 2027, with global breakeven following shortly afterward.
How many orders did the VinFast VF 2 receive after launch?
The VF 2, priced at $7,139, attracted 29,000 orders within three days of its early July launch.
How does VinFast's stock performance compare to competitors this month?
VFS stock gained 2% this month, outperforming XPEV's 1% rise, while NIO fell 5% and TSLA declined 10%.
