Vinfast isn't quick in reporting sales figures. The Q1 result was 36,330 units deliveries, which was up an impressive 296%. That was below the 2024 Q4 figure but volumes go up through the year, although how that will pan out for the rest of 2025 we will have to wait and see.
Vinfast lost $712.4 million in Q1 2025. Dividing that figure by sales brings it to -$19,600 per unit.It is backed by Vingroup, which gives Vinfast the ability to continue even in the loss making situation it currently sits in. Obviously it needs to remedy this as soon as possible.
Most sales are domestic although the company doesn't seem to release global regional data.
The range kicks off with the VF 3 (photo above - tiny SUV) which starting reaching customers in the second half of 2024.
The VF 6 also was released in 2024. It's a small crossover SUV being just over 4.2 metres in length or 167 inches.
The range kicks off with the VF 3 (photo above - tiny SUV) which starting reaching customers in the second half of 2024.
The VF 5 city car (photo left) came out in 2023. It was initially known as the VF e32.
The VF 7 (picture below) was another car released in early 2024. It's a compact crossover which in my eyes has a wagon look about it. The red car (second from top) is the VF 8 medium large crossover SUV and the first deliveries commenced in late 2022. Lastly, at the top of the page is the VF 9 large crossover SUV. Deliveries were from early 2022.
As the Vietnamese market isn't large enough to support the brand, exports are essential. I would imagine the company would like that to progress more quickly than it is but reputations take time to be established. Some customers have complained about quality issues while others seem happy with their purchase.
The US was seen as an important market to enter but that could be problematic with recent tariffs potentially limiting that opportunity. Overall, it comes across to me as a company in too much of a hurry...unless it's sales figures.
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