HO CHI MINH CITY] Vietnam’s top electric vehicle (EV) maker VinFast has relied on its largest buyer Green and Smart Mobility (GSM) to drive sales growth, but with the domestic fleet electrification ...

Vietnamese electric vehicle maker VinFast said on Thursday it delivered about 97,000 cars last year, nearly three times as ...

and half of those were to related parties including its taxi operating affiliate GSM owned mostly by VinFast's founder, Reuters said. "VinFast losses increase" was originally created and published ...

VinFast had previously stated that approximately 70% of its vehicle deliveries in the past year were to Green SM (GSM), a taxi operator and leasing provider owned 95% by Vuong, the report stated.

Even with this decline, VinFast's market cap still hovers around $40 billion. This positions the firm above seasoned EV players like Nio Inc. (NIO) and nearly on par with General Motors Co. (GM).

VinFast announced on Thursday that it delivered 97,399 EVs in total last year, up an impressive 192% from the roughly 35,000 sold in 2023. The growth was enough to top its revised 80,000 target ...

HANOI, Jan 23 (Reuters) - Vietnamese conglomerate Vingroup (VIC.HM), opens new tab is facing renewed scrutiny on its strategy of backing loss-making electric vehicle maker VinFast , with its ...

VinFast is starting 2025 with an attractive initiative designed to captivate eco-conscious consumers and families alike. By bundling its 7-seat, all-electric VF 9 SUV with the stylish VF DrgnFly e ...

VinFast’s VF 9 7 Passenger SUV. Credit: VinFast/PRNewswire. Vietnamese electric vehicle (EV) manufacturer VinFast has reported a 192% year-on-year (YoY) increase in car deliveries, with 97,399 ...

VinFast had initially planned to sell 100,000 ... including electric taxi operator Green SM, or GSM, which in the last quarter of 2024 overtook Southeast Asian ride-hailing giant Grab as the ...

As 2025 begins, VinFast has unveiled a compelling new deal: customers purchasing the spacious 7-seater VF 9 SUV will receive a complimentary VF DrgnFly electric bike—a combination designed to ...