VinFast Auto Ltd. Reports Strong Q4 and Full-Year 2024 Financial Results

VinFast Auto Ltd., a Nasdaq-listed company operating in the consumer discretionary sector, has reported robust financial results for the fourth quarter and full year of 2024. The company, known for its electric vehicle (EV) intelligent platforms, has seen significant growth in EV deliveries, marking a strong performance in the competitive EV market.

Q4 and Full-Year 2024 Financial Highlights

In the fourth quarter of 2024, VinFast delivered 53,139 EV units, representing a 143% increase compared to the previous quarter. For the full year, the company achieved a total of 97,399 EV deliveries, marking a 192% year-over-year increase. These figures underscore VinFast’s growing presence in the global EV market.

Earnings and Financial Performance

VinFast reported a GAAP earnings per share (EPS) of -$0.54 for the fourth quarter, with revenue reaching $677.89 million. Despite the negative EPS, the company maintained its 2025 delivery guidance, demonstrating confidence in its operational capabilities amid macroeconomic uncertainties.

Market Reaction and Analysts’ Views

Following the earnings release, BTIG adjusted its stock rating for VinFast to neutral, reflecting a cautious outlook post-earnings. Despite this, VinFast’s stock gained after the company backed its 2025 delivery guidance, indicating investor optimism about future growth prospects.

Strategic Focus and Global Expansion

VinFast continues to focus on expanding its global footprint, with a strategic pivot towards the Asian market. This aligns with the company’s mission to make EVs accessible worldwide. The recent auto show in Shanghai highlighted the industry’s focus on global markets, with VinFast among the key players challenging U.S. tariffs on auto imports.

Future Outlook

VinFast is poised for a surge in deliveries in 2025, aiming to double its output compared to the previous year. This ambitious target reflects the company’s commitment to scaling its operations and capturing a larger share of the rapidly growing EV market.

For more detailed information on VinFast Auto Ltd.’s operations and offerings, visit their website at www.vinfastauto.com .