10 Most Oversold EV Stocks to Buy According to Analysts

3. VinFast Auto Ltd. (NASDAQ:VFS)

% Decline Over 1 Year: ~28.1%

Average Upside Potential: ~61.2%

Number of Hedge Fund Holders: 5

VinFast Auto Ltd. (NASDAQ:VFS) is engaged in designing and manufacturing EVs, e-scooters, and e-buses. The company is focused on its growth strategy and on balancing revenue growth and optimizing costs. VinFast Auto Ltd. (NASDAQ:VFS) is committed to achieving its target of delivering 80,000 EVs by 2024 end, while, at the same time, continuing to improve its global footprint and fuel profitability. The company’s future growth is expected to be aided by strategic investments and an unwavering focus on improving operating efficiencies and production capacities.

VinFast Auto Ltd. (NASDAQ:VFS) has been working to improve its profitability while continuing to enhance its global footprint. As of October 31, 2024, it had 173 showrooms globally for EVs and 160 showrooms and service workshops for e-scooters, which include VinFast showrooms and dealer showrooms. VinFast Auto Ltd. (NASDAQ:VFS)’s acceleration towards a dealership model as part of its international strategy has been paying off.

Notably, September was a strong month for the company in North America, aided by a growing dealer network and improvements to its EVs. In November, the company commenced delivering the VF 9 to customers in the US and Canada. Therefore, the expansion of EV adoption and VinFast Auto Ltd. (NASDAQ:VFS)’s market entry strategies are expected to fuel international presence and sales growth.