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VinFast's third-quarter deliveries jump on robust domestic demand
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VinFast's third-quarter deliveries jump on robust domestic demand
Oct 22, 2024 12:15 PM

Oct 22 (Reuters) - Vietnamese EV maker VinFast

said on Tuesday it delivered 21,912 electric vehicles in the

third quarter, up 66% from the sequentially previous quarter.

The company delivered more than 9,300 EVs in Vietnam during

September, marking the highest monthly deliveries in the

country.

Last month, VinFast reported a bigger second-quarter loss

due to rising costs linked to its overseas expansion and

impairment charges, while its revenue rose.

The company has been expanding aggressively to Asian markets

such as Indonesia to capitalize on growing demand for electric

vehicles in the region to offset softer demand in the United

States.

In July, VinFast delayed the launch of its planned factory

in North Carolina to 2028 and cut its delivery forecast for this

year by 20,000 units to 80,000 vehicles from the initially

planned 100,000.

The company is scheduled to report its third-quarter results

on Nov. 26.

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