Reported 4 days ago
Vietnamese automaker VinFast has experienced significant growth in electric vehicle (EV) sales, reporting a 296% increase in deliveries during Q1 2025. Despite a quarterly loss of 30 cents per share and a cash burn of over $607 million, the company's sales reached $656.54 million, beating expectations. VinFast is optimizing its global retail strategy, expanding its presence in Europe, North America, and Asia, while receiving substantial funding from its parent company, Vingroup. The company aims to double its global deliveries by the end of 2025.
Source: YAHOO