BTIG analyst Gregory Lewis initiated coverage of VinFast Auto with a Buy rating and $10 price target. VinFast is a Vietnam-based passenger electric vehicle maker looking to expand into North America with longer-term expansion plans into Europe and Asia, the analyst tells investors in a research note. The firm’s base case is that the company scales production at its Vietnam facility growing its market share while expanding into the U.S. market, pointing to becoming EBITDA margin neutral in 2026.
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