The Vietnamese e-car manufacturer Vinfast almost tripled its vehicle sales last year, but made significant losses. As the company announced on Thursday, it sold a total of 97,399 electric cars in 2024, 192 percent more than a year earlier. According to the information, the net loss was $ 3.179 billion.
The first local car manufacturer Vietnam’s first missed their own goal of selling 100,000 vehicles last year. Vinfast has been expanding its international presence since the beginning of 2024 by signing contracts with dealers in Indonesia, Thailand and Oman. There are now more than 100 showrooms worldwide.
Vinfast went to the stock exchange in the USA in August 2023. First of all, the stock shot up before it was clearly down again. The head of the company is the richest man of Vietnam, Pham Nhat Vuong (56), to whom the Vinfast mother group Vingroup belongs.
Hanoi -born Pham Nhat Vuong had studied engineering in Russia and laid the foundation for his assets with the production of instant noodles. In 1993 he pulled up the food company Technocom in Ukraine and sold it Reports
Later for a non -mentioned sum to Nestlé. In 2000 Vuong moved back to Vietnam, where he subsequently became his business into a mixed group Vingroup
Expansion. These include, among other things, real estate, resorts, schools and tourism hospitals. The group today employs several tens of thousands of people.