VinFast reports Q4 and total 2023 revenue growth

February 23, 2024

HÀ NỘI — Vietnamese electric vehicle maker VinFast announced on Thursday its Q4 revenue of US$437 million, up 26 per cent from the previous quarter and 133 per cent year-on-year. Gross margin was negative (46 per cent) in FY 2023, compared to negative (82 per cent) in FY 2022. In the fourth quarter of 2023, gross margin reached negative (40.1 per cent), compared to negative (82.6 per cent) in the fourth quarter of 2022. VinFast delivered a total of 34,855 electric vehicles in FY 2023, marking a 374 per cent increase compared to the previous year. This included 13,513 electric vehicles in the Q4, up 35 per cent from the third quarter of 2023.

The source of this news is from Vietnam News

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