VinFast reports record electric vehicle deliveries in Q1 2025

In Vietnam, on April 28, 2025, VinFast Auto Ltd. disclosed its preliminary vehicle deliveries for the first quarter of 2025, marking a significant milestone for the company. The company reported a remarkable total of 36,330 electric vehicles delivered globally during this period, which equates to an impressive 296% increase compared to the same quarter the previous year. Among the highlights, the deliveries of the VF 6 model surged by 453%, indicating robust market demand and acceptance for VinFast's growing portfolio of electric vehicles. This growth is further exemplified by the strong performance of the VF 3 and VF 5 models, which accounted for 67% of total deliveries. The VF 5, an A-segment SUV, saw its deliveries grow by 153% year-over-year, while the VF 6, a B-segment SUV, demonstrated remarkable progress with a striking 453% increase in sales from the previous year. Madam Thuy Le, Chairwoman of VinFast, stated that the positive momentum established in 2024 was pivotal for the company’s expansion trajectory into 2025. Vietnam remains a crucial market for VinFast, and the company has been significantly benefiting from an extensive distribution network and partnerships, including with GSM, to facilitate delivery growth. To support its delivery efforts further, VinFast is in the process of expanding its network of dealer stores and service centers to enhance customer accessibility and convenience. As they move forward, VinFast also announced that it would be releasing its first-quarter financial results on June 9, 2025. This will take place before the market opens, and on the same day, a live webcast will provide insights into the company's overall business performance and strategic direction. This financial release is anticipated amidst various known and unknown risks that may affect the future outcomes. These risks include the inherent challenges faced by growth-stage companies in the electric vehicle sector, potential changes in governmental incentives and policies, rising competition within the automotive industry, and supply chain complexities. The company continues to express confidence in its trajectory, despite uncertainties, by delivering significant resources from its parent entity, Vingroup, to sustain its strategic initiatives and growth in the dynamic landscape of electric vehicles.