- VinFast records a $618.3M net loss in Q1 2024, despite delivering 9,689 EVs.
- The Vietnamese EV maker remains on track for its 100,000 delivery target for 2024.
- Chairperson Thuy Le views global economic uncertainties as temporary hurdles.
Pedal to the medal: deliveries surge, goals in sight
Vietnamese EV maker VinFast recorded a staggering $618.3 million net loss in Q1 2024, dwarfing its $302.6 million revenue for the same period, despite the latter doubling year-on-year.
VinFast delivered 9,689 EVs in Q1, a 4x increase from last year, keeping it on track for its ambitious 100,000 EV delivery target for 2024, expected to materialize in the second half.
Only temporary speed bumps!
Acknowledging global economic uncertainties, Chairperson Thuy Le remains undeterred, viewing these challenges as “temporary hurdles” on VinFast’s electrifying journey.
VinFast continues its worldwide expansion, opening dealerships in Indonesia, Thailand, and a $500 million plant in India.
New models like the affordable VF 3 (Vietnam) and VF 7/9 SUVs (North America) are revving up the excitement.
To read the original article: https://www.techinasia.com/vinfast-reaches-tenth-target-100000-deliveries-2024-q1
