SINGAPORE, April 24, 2025 /PRNewswire/ -- VinFast Auto Ltd. ("VinFast" or the "Company") (Nasdaq: VFS), a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024.Impressive Revenue Growth Driven by Strong Vehicle Deliveries VinFast EV deliveries were 53,139 in the fourth quarter of 2024, representing an increase of 143% from the third quarter of 20 ...

VinFast Auto (VFS) Q4 2024 Earnings Call April 24, 2025 08:00 AM ET Company Participants Nhi Nguyen - Investor Relations ManagerLe Thi Thu Thuy - ChairwomanNguyen Thi Lan Anh - CFOGregory Lewis - Managing Director Conference Call Participants Andres Sheppard - AnalystJames McIlree - Senior Equity Research Analyst Operator day, and thank you for standing by. Welcome to the BINFAST Auto Limited Q4 twenty twenty four and Full Year Earnings Call. At this time, all participants are in a listen only mode. After t ...

Exhibit 99.1 VinFast Reports Unaudited Fourth Quarter and Full Year 2024 Financial Results Quarterly Revenues reached VND16,496.4 billion (US$677.9 million) Quarterly EV Deliveries were 53,139 units Full year Revenues reached VND44,019.0 billion (US$ 1,808.9 million) Full Year EV Deliveries were 97,399 units Singapore, April 24, 2025 – VinFast Auto Ltd. ("VinFast" or the "Company") (Nasdaq: VFS), a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone, today an ...

VinFast Auto Ltd. (VFS) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, VFS's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages being th ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

VinFast Auto (NASDAQ: VFS ) reported better-than-expected third fiscal quarter earnings yesterday, with the company benefiting from an EV delivery upsurge, higher revenue and an ambitious plan to expand globally. Further, the EV maker is narrowing its losses and is seeing strongI look for high-risk, high-reward situations, mainly in the technology markets. I am an early buyer of Bitcoin and my portfolio mainly focused on companies with asymmetric long-term upside. My top holdings include: Bitcoin, Tesla, Go ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A Vinfast electric car travels down a street in Hanoi. Vietnamese electric vehicle manufacturer VinFast reported a net loss of $550 million for the third quarter, less than the same period last year as the firm recorded an uptick in sales. The communist state's first homegrown car manufacturer is aiming to compete with global ...

Financial Data and Key Metrics - Q3 2024 net revenue was $512 million, a 42% quarter-over-quarter and 49% year-over-year increase [34] - Gross loss in Q3 2024 was $123 million, with a gross loss margin of -24%, a significant improvement from Q2 2024's gross loss of $226 million and gross margin of -62.7% [34] - EBITDA in Q3 2024 was -$232 million, with an EBITDA margin of -45.3%, improving from -$484 million and -134.4% in Q2 2024 [38] - Net loss for Q3 2024 narrowed to -$550 million, a 29% quarter-over-quarter and 15% year-over-year improvement [38] - CapEx in Q3 2024 was $132 million, a 21% increase quarter-over-quarter and a 33% decline year-over-year [39] Business Line Performance - EV deliveries in Q3 2024 reached 21,912 units, a 66% quarter-over-quarter and 115% year-over-year increase [11] - e-scooter deliveries in Q3 2024 were 18,894 units, a 44% sequential increase and a 33% year-on-year decrease (118% increase excluding GSM deliveries) [11] - B2C electric car sales grew 163% quarter-over-quarter and 497% year-over-year in Q3 2024 [11] - The accessible segment, including VF 3 and VF 5, accounted for 35% of Q3 2024 revenue [34] Market Performance - Vietnam retail sales grew 159% quarter-over-quarter and 504% year-over-year in Q3 2024, driven by VF 3 and VF 5 [12] - North America saw three consecutive months of growth in July, August, and September, with sales up 70% quarter-over-quarter [17] - International markets accounted for 9% of deliveries in Q3 2024, up from 3% a year ago [16] - Indonesia became an official market in Q3 2024, with the first deliveries of VF e34 and VF 5 [21] Strategy and Industry Competition - The company is focusing on balancing growth and profitability while responding to market opportunities [10] - VinFast is leveraging its home market success in Vietnam to drive overseas expansion and develop long-term expertise [15] - The company is introducing new models like VF 9 in North America and planning to launch VF 6 and VF 7 in 2025 [18][19] - VinFast is expanding its dealership network, with 173 showrooms globally as of October 31, 2024 [27] Management Commentary on Operating Environment and Future Outlook - The company expects to achieve its 2024 delivery target of 80,000 vehicles, with strong momentum in October and November [31] - VinFast is preparing for a growth trajectory in 2025, with new market entries and product launches [43] - The company is committed to long-term competitiveness and sustainability in the EV industry [44] - VinFast is focusing on cost optimization and improving profitability while maintaining customer experience [33] Other Important Information - VinFast customers have access to over 1 million charging points globally, including VinFast-owned stations and third-party options [29] - The company recently announced a $3.5 billion capital injection, including $1.4 billion in loans from Vingroup and $2.1 billion in grants from VinFast Founder [31] - VinFast is planning its first-ever Investor Day in the first half of 2025 [105] Q&A Session Question: Confidence in hitting the full-year 2024 delivery target - The company is confident in achieving the 80,000 delivery target, with strong performance in October and November [47] Question: BOM optimization and its impact on EV architecture - VinFast is focusing on optimizing BOM costs, including ADAS features and sourcing components, while prioritizing safety [48][49] Question: Liquidity and cash runway following the $3.5 billion capital injection - The $3.5 billion capital injection will be deployed over two years, with funds allocated to CapEx, debt repayment, and R&D [53][54] Question: Gross margin improvement and path to positive gross margins - The company maintains its forecast for positive gross margins in 2025 and 2026, with more guidance expected at the end of the quarter [59] Question: Rationale for the new CKD facility in Vietnam - The new CKD facility is dedicated to meeting the growing demand for VF 3 and VF 5, which are best-selling models in Vietnam and other markets [65][66] Question: Contribution of the Vietnamese market to overall deliveries - Vietnam contributed around 90% of total deliveries in the first nine months of 2024, with significant growth in EV adoption [71] Question: ASP trends and focus on lower-priced models - ASP in Q3 2024 was $21,000 per unit, down 10% from Q2, driven by the introduction of VF 3. The company expects ASP to rise as EV adoption matures [74][75] Question: Dealer feedback on VF 9 in the U.S. - The VF 9 is expected to be a strong competitor in the U.S. market, targeting large families with its premium quality and value [76] Question: Deliveries to GSM and future guidance - GSM accounted for 22% of total volume in Q3 2024, down from 46% in Q1, as the company shifts focus to retail and B2B customers [79][80] Question: Ramp-up plans for 2025 in Indonesia and the U.S. - VinFast expects to continue growing in international markets, with a focus on balancing growth and profitability [87][88] Question: Charging solutions in new markets - VinFast is leveraging its V-Green network and partnerships to provide comprehensive charging solutions globally [97][98] Question: Key milestones for 2025 - Key milestones include diversifying product offerings in North America, launching GSM in Indonesia, and opening new CKD facilities in Indonesia and India [103][104]

Financial Performance - VinFast delivered 21,912 vehicles in Q3 2024, a 115% year-over-year increase and a 66% increase compared to Q2 2024 [1][3] - Revenue reached US$511.6 million in Q3 2024, up 49.3% year-over-year and 42.2% compared to Q2 2024 [1][4] - Gross loss decreased by 45.6% to US$122.8 million in Q3 2024 compared to Q2 2024 [4] - Gross margin improved to negative 24.0% in Q3 2024 from negative 27.0% in Q3 2023 and negative 62.7% in Q2 2024 [5] - Net loss decreased by 14.8% year-over-year and 29.4% quarter-over-quarter to US$550.0 million in Q3 2024 [5] Market Performance - VinFast became the top-selling automotive brand in Vietnam for September, October, and the first ten months of 2024 [1][6][8] - The company delivered over 11,000 EVs in Vietnam in October 2024, a 21% increase from September, bringing total deliveries in Vietnam to over 51,000 EVs from January to October 2024 [7][8] - VinFast achieved record-breaking sales in North America in September 2024, driven by a growing dealer network [11] Global Expansion - VinFast had 173 EV showrooms and 160 e-scooter showrooms globally as of October 31, 2024 [10] - The company initiated deliveries of right-hand drive VF e34 and VF 5 in Indonesia, with 17 dealerships across 15 cities as of October 31, 2024 [12] - VinFast opened reservations for three models in the Philippines and had eight dealer stores in six cities as of October 31, 2024 [12] - The company launched its brand in the Middle East in October 2024, opening its first dealership in Dubai [13] Manufacturing and Production - VinFast plans to add a new CKD factory in Ha Tinh, Vietnam, targeting a maximum capacity of 300,000 EVs per year, with construction starting in December 2024 and operations expected to commence in 2025 [8][9] - The Indian plant, with an annual capacity of 50,000 EVs, is gearing up for equipment installation and is scheduled to begin operations in 2025 [13] - The Subang plant in Indonesia is also scheduled to commence operations in 2025 [12] Funding and Financial Support - VinFast's Founder and CEO, along with associated companies, intend to provide up to US$2.1 billion in free grants to the company and its subsidiaries through the end of 2026 [14] - Vingroup plans to provide up to US$1.5 billion in loans to VinFast's subsidiaries in Vietnam through the end of 2026 [15] - Vingroup approved the conversion of up to US$3.3 billion of loans to VFTP into preference shares, supporting VinFast's EV manufacturing business in Vietnam [16] Strategic Outlook - VinFast is optimistic about Q4 2024 performance and reiterates its annual delivery target of 80,000 vehicles [17] - The company remains committed to balancing revenue growth and cost optimization while expanding its global footprint [1][18]

Exhibit 99.1 AST VinFast Reports Unaudited Third Quarter 2024 Financial Results Quarterly Revenues reached VND12,326,537 million (US$511.6 million) Quarterly EV Deliveries were 21,912 units Singapore, November 26, 2024 – VinFast Auto Ltd. ("VinFast" or the "Company") (Nasdaq: VFS), a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone, today announced its unaudited financial results for the third quarter ended September 30, 2024. Operating Highlights for the ...