Market StrategyThe company plans to focus on more affordable models for the mass market in the sub-$25k range, leveraging its leadership in the Vietnam EV market.
Production CapacityVFS remains the market leader in EVs in Vietnam, and the company is on track to open up its CKD facilities in India and Indonesia, which should enhance production capacity.
Sales GrowthVinFast Auto Ltd. has seen a significant increase in EV deliveries, with 53.1k units delivered in the last quarter, marking a 342% year-over-year growth, mainly driven by the Vietnam market.