On February 13, 2025, VinFast announced a total delivery of 53,139 electric vehicles globally in Q4 2024, marking a 143% growth compared to the previous quarter and a 342% surge year-over-year.
With exceptional growth momentum, VinFast officially surpassed its 2024 global sales target, reinforcing its capability to accelerate and lead the green transition, solidify its number one position in the domestic market, and lay a robust foundation for its global expansion.
In the last three months of 2024, VinFast consistently broke new records in vehicle deliveries to customers, bringing the total number of cars handed over during the year to 97,399.
As a result, the number of VinFast vehicles delivered worldwide surged by 192% compared to the previous year, far exceeding the Company’s target of 80,000 cars for 2024. This growth momentum was driven by strong demand for lower-segment models and the Company’s increasing dominance in the domestic market.
With this development, the Company aims to double the number of vehicles delivered globally in 2025.
In January 2025, VinFast delivered a total of more than 10,000 automobiles in the domestic market, with VF 3 being the best-selling model, accounting for over 4,000 units, followed by VF 5 with 3,300 units.
VinFast also announced the delivery of 31,170 e-scooters and e-bikes in Q4 2024 globally, a 65% increase from the previous quarter and a 41% rise year-over-year. For the full year 2024, the Company handed over a total of 70,977 units, marking a 1% increase.
Ms. Le Thi Thu Thuy, Chairwoman of VinFast, shared: “VinFast concluded 2024 with achievements beyond our expectations. In a volatile market and macroeconomic environment, the records set by VinFast testify not only to our strong determination and sound strategy but also to the irreversible trend towards electric vehicles. As we step into 2025, VinFast remains steadfast in its mission to pioneer the green transportation revolution, fully leveraging our diverse and breakthrough all-electric lineup. While the journey ahead may be challenging, VinFast firmly believes that the future of electrification holds the key to sustainable development, and VinFast will continue to contribute to this inevitable trend of our time.”
In 2024, the Vietnamese market significantly contributed to VinFast’s revenue growth. With its mission to lead the green transition in Vietnam, VinFast introduced attractive promotional policies, collaborated with numerous localities, organizations, and large enterprises, and launched campaigns such as “Mãnh liệt Tinh thần Việt Nam – Vì tương lai xanh” (“Vibrant Vietnamese Spirit – For a Green Future”) and “Vì Thủ đô trong xanh” (“For a Green Capital”).
Thanks to these strategic moves, VinFast became the first all-electric carmaker to surpass all international and domestic brands in market share in Vietnam. Vietnam is also one of the few countries globally where an all-electric car brand leads the sales ranking in the automobile market.
In 2024, VinFast also made significant strides in its global expansion journey. In addition to direct sales channels, the Company’s adoption of an agency sales model yielded promising results.
VinFast aggressively expanded into new and potential markets such as the Middle East, India, and the Philippines and built a comprehensive “For a Green Future” ecosystem in Indonesia. Simultaneously, the Company continued to strengthen its presence in key markets, including Europe and North America. The strategic moves in 2024 will create strong momentum and a solid launchpad for the Company’s continued breakthrough in 2025.
VinFast will announce its Q4 2024 and full-year 2024 financial results on April 24, 2025.
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VinFast is proud to announce its participation in the upcoming ABF Trade Fair in Germany, taking place from February 12 to 16, 2025.
