VinFast Auto (VFS) has released an update.
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VinFast Auto, a dedicated electric vehicle manufacturer, has reported a robust increase in its EV and e-scooter deliveries for the second quarter of 2024, with a 43-44% increase in EVs year-over-year and quarter-over-quarter respectively, and a 28% year-over-year rise in e-scooter deliveries. The company’s revenues saw a healthy climb, but it also faced a significant rise in net losses compared to the previous year. Amidst these financial results, VinFast continues to expand globally, with market entries in Indonesia, the Philippines, and the Middle East, and strategic adjustments to its operational plans, such as delaying the North Carolina plant’s opening to 2028.
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