VinFast

VinFast Reports Significant Losses Despite Surge in Revenue from Increased Sales

2 days ago

VinFast, the Vietnamese electric vehicle manufacturer, has announced a substantial increase in revenue driven by rising sales, yet this positive growth was overshadowed by a widening of its losses. The company’s financial results for the first quarter revealed a striking contrast between soaring sales numbers and persistent operational challenges that have led to increased deficits.

VinFast Expands Global Footprint with New Factories in India and Indonesia

3 days ago

In a groundbreaking move that marks a significant step in its global expansion strategy, Vietnamese electric vehicle (EV) manufacturer VinFast has announced the opening of a new factory in India. Set to launch operations on June 30, this facility is expected to play a vital role in bolstering the company's presence in one of the world's largest automotive markets.

VinFast’s Groundbreaking EV Factory Set to Launch in Vietnam by Mid-2024

5 months ago

VinFast, the ambitious Vietnamese electric vehicle (EV) manufacturer, is making significant strides in its operations with the announcement that its new factory in Vietnam is poised to commence production by July 2024. This development marks an important milestone for the company, which aims to bolster its footprint in the expanding global EV market.

VinFast's Tycoon Pledges $2 Billion Rescue for Struggling Electric Vehicle Maker

6 months ago

In a bold move to revitalize its operations amid turbulent times, Vietnamese electric vehicle (EV) manufacturer VinFast has announced that its founder, Pham Nhat Vuong, will inject a staggering $2 billion into the company. This significant financial boost comes as VinFast faces mounting challenges, including declining sales and increased competition in the rapidly evolving EV market. Vuong's commitment is seen as a critical lifeline for the company, which has been seeking to position itself as a serious player against established giants in the automotive industry.