VinFast reports 444% Q1 vehicle delivery increase, driving revenue growth despite widened net loss.
Vietnam's EV maker VinFast reported a 444% increase in Q1 vehicle deliveries, driving a triple-digit revenue rise compared to the previous year. Despite a widened net loss, VinFast aims to maintain momentum amidst price competition and global economic uncertainties. The company delivered nearly 9,700 electric vehicles in Q1, attributing the growth to strategic partnerships with affiliate companies, Green SM and Vinhomes.
April 21, 2024
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