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VinFast, the Vietnamese electric vehicle manufacturer, reported a 70% increase in fourth-quarter revenue to $678 million, driven by higher deliveries, despite widening losses to $1.3 billion due to costs linked to international expansion and a free charging initiative. The company's net loss for 2024 totaled $3.2 billion, up from the previous year, as it focuses on scaling operations in Asian markets while also planning to establish assembly plants in India and Indonesia.
Source: YAHOO