Vinfast sold 35,000 BEVs in 2023
- The Vietnamese carmaker Vinfast sold 34,855 BEVs worldwide in 2023 while its official target was 50,000 units. This relative failure is due – according to the carmaker – to a difficult economic context and the disinterest of customers in certain countries for battery electric vehicles. Inovev can add that Vinfast is a brand still unknown in many countries and that competition is tough in many countries on the battery electric car market, such as in China, Europe or the United States.
- The carmaker Vinfast was created in 2017 and aims to compete with the leaders in BEV market as Tesla and BYD. But the Vietnamese brand is still far from reaching the sales volume of these two leaders, since Tesla produced 1.81 million BEVs last year and BYD just over 3 million BEVs and PHEVs.
- The carmaker objectives are, however, ambitious, since its manager has announced that he wants to sell 1 million electric vehicles by 2030. To do this, Vinfast has announced the development of its sales network on American soil and on European soil, but also advanced discussions concerning the construction of a battery electric car assembly plant in India (150,000 units of capacity) and another in Indonesia (50,000 units of capacity). The objective is to go from a capacity of 300,000 units today to 500,000 from 2026.