Gashi Automobile News According to Reuters, on October 22, Vietnam electric vehicle manufacturer VinFast said that in the third quarter of this year, it delivered a total of 21,912 electric vehicles, an increase of 66% over the previous quarter.
Among them, the company delivered more than 9,300 vehicles in the local market in Vietnam in September, setting a new high for its monthly delivery volume in the country.
, Due to weak demand in the U.S. electric vehicle market, VinFast announced in July this year that it would delay the opening of its electric vehicle plant in North Carolina for three years, from the originally planned 2025 to 2028, and also set its full-year sales target from the previous 100,000 vehicles were lowered to 80,000 vehicles.
Combined with previous reports, as of the end of September, VinFast’s cumulative delivery this year was 44,773 units.
,, Photo source: VinFast, in order to offset declining demand in the U.S. market, VinFast has been actively expanding into Asian markets such as Indonesia to take full advantage of the region’s growing demand for electric vehicles.
Also in July, media reported that VinFast was seeking a bank loan of approximately US$250 million to fund its proposed assembly plant in Subang, Indonesia.
In addition, the company will also assemble electric vehicles in India.
, Last month, VinFast said that although the company’s revenue increased in the second quarter of this year (April to June), its losses widened further due to rising costs related to overseas expansion and impairment charges.
Specifically, in the second quarter of this year, VinFast delivered 13,172 electric vehicles, a year-on-year increase of 43%.
revenue was US$357 million, a slight increase of 9% year-on-year.
and net loss was US$773 million, compared with a loss of US$554 million in the same period last year.
It is reported that the company plans to announce its third quarter financial results on November 26.
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