Higher EV deliveries drive VinFast's revenues higher in Q1 but losses widen

Higher EV deliveries drive VinFast's revenues higher in Q1 but losses widen

A VinFast electric taxi, operated by GSM, a private company owned by VinFast's owner, passes by a street, in Hanoi, Vietnam April 7, 2024. REUTERS/Francesco Guarascio/ File photo

Vietnamese electric vehicle-maker VinFast increased vehicle deliveries, leading to a tripling in first-quarter revenue versus a year ago, although its net loss rose by 3.5%, the company said on Wednesday.