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.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Neonode has won the Innovation Award for Driver Monitoring Software for its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.

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