VinFast announces big increase of EV deliveries in the last months of 2024

Friday, Feb 14, 2025 14:00

VinFast Auto Ltd has announced global deliveries of 53,139 electric vehicles in the fourth quarter of 2024, representing a 143 per cent increase quarter-over-quarter and a 342 per cent increase year-on-year.

A Vinfast VF9 model, the company has surpassed its 2024 global sales target and achieved outstanding growth. — Photo courtesy of the company

HÀ NỘI – VinFast Auto Ltd has released global delivery EV numbers for Q4 of 2024 - 53,139 electric vehicles, representing a 143 per cent increase quarter-over-quarter and a 342 per cent increase year-on-year.

The company has surpassed its 2024 global sales target and achieved outstanding growth, with the achievement solidifying its market-leading position in Việt Nam, laying a strong cornerstone for global expansion.

Driven by growing demand for affordable models and the company’s strength in the Vietnamese market, VinFast set new delivery records for three consecutive months during the fourth quarter, culminating in total deliveries of 97,399 EVs globally for the full year 2024.

This represents a 192 per cent increase year-on-year, exceeding management’s revised target of 80,000 vehicles globally for the full year 2024.

Vinfast is aiming to hit at least double its global deliveries for the full year 2025 compared to 2024, expecting to continue to build on this strong momentum.

In January 2025, VinFast’s domestic EV deliveries alone reached over 10,000, with the VF 3 continues to be its best-selling model at over 4,000 units, followed by the VF 5 with 3,300 units.

VinFast also announced it delivered 31,170 e-scooters and e-bikes in the fourth quarter of 2024, representing a 65 per cent increase quarter-over-quarter and a 41 per cent increase year-on-year. On a full year 2024 basis, the company delivered 70,977 e-scooters and e-bikes, representing a more modest one per cent increase year-on-year. — VNS

The company also announced that it will release its Q4 and full year 2024 financial results before the market opens on April 24.

On the same day VinFast’s management will hold a live webcast to discuss the company’s business performance and strategy going forward.