VinFast delivered a complete of 53,139 electrical vehicles within the fourth quarter of 2024, reflecting a 143% enhance in comparison with the third quarter. All year long, the model’s complete car deliveries reached 97,399, representing a exceptional 192% development over its 2023 efficiency.
Along with electrical vehicles, VinFast additionally markets electrical scooters, delivering round 31,170 items in This autumn of 2024. General, the corporate bought 70,977 electrical scooters over the yr, displaying constant efficiency with solely a 1% enhance in comparison with the earlier yr.
The full income for the fourth quarter was roughly $677.9 million, a rise of 69.8% in comparison with the identical interval in 2023 and up 33.8% from Q3 2024. For your entire yr, VinFast’s complete income hit $1,808.9 million, which is 57.9% larger than in 2023.
VinFast’s development is attributed to its growth past Vietnam. Following a billion-euro financing spherical, the corporate started delivery its flagship VF 9 to North America in November 2024. Moreover, in December, it introduced plans to double manufacturing in Vietnam by opening a brand new manufacturing facility in Ha Tinh province, centered totally on manufacturing the VF 3 and VF 5. Final yr additionally marked the beginning of shipments for the VF 6 to Germany, its second mannequin for the European market.
Madam Thuy Le, Chairwoman of VinFast, commented, “VinFast had an excellent This autumn and full yr 2024, reflecting the Firm’s skill to navigate a dynamic and infrequently difficult market atmosphere. These outcomes spotlight our continued development and the broader momentum behind the transition to electrical automobiles. As we stay up for 2025, we stay centered on constructing larger merchandise, investing in innovation, and making certain that prospects obtain high-quality, reasonably priced EVs. We’re sustaining our 2025 steerage, and our gross sales plan is designed with flexibility as we monitor the altering macroeconomic panorama.”
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