VinFast VF8

VinFast delivered 34,855 electric vehicles in full year 2023, a 374% increase year on year.

Fourth quarter sales rose 35% to 13,513 vehicles.

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Revenue rose 26% to US$437m in the fourth quarter of 2023 driven by higher sales volume and improved product mix.

Full year revenue was $1,198m, up 91%.

Gross loss was $174.9m in the fourth quarter and $551.6m for the full year.

Gross margin was negative (46%) in FY 2023, compared to negative (82%) in FY 2022. In the fourth quarter of 2023, gross margin reached negative (40.1%), compared to negative (82.6%) in the fourth quarter of 2022.

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Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

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