<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>VinFast Archives • The Electricity Hub</title> <atom:link href="https://theelectricityhub.com/tag/vinfast/feed/" rel="self" type="application/rss+xml" /> <link>https://theelectricityhub.com/tag/vinfast/</link> <description>Collating and Disseminating Credible Power Industry Data and Information</description> <lastBuildDate>Thu, 13 Mar 2025 09:47:11 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.7.2</generator> <image> <url>https://theelectricityhub.com/wp-content/uploads/2020/11/cropped-NEH-32x32.png</url> <title>VinFast Archives • The Electricity Hub</title> <link>https://theelectricityhub.com/tag/vinfast/</link> <width>32</width> <height>32</height> </image> <item> <title>VinFast to Build 100,000 EV Charging Stations Across Indonesia</title> <link>https://theelectricityhub.com/vinfast-to-build-100000-ev-charging-stations-across-indonesia/</link> <comments>https://theelectricityhub.com/vinfast-to-build-100000-ev-charging-stations-across-indonesia/#respond</comments> <dc:creator><![CDATA[Martins Eze]]></dc:creator> <pubDate>Thu, 13 Mar 2025 09:46:42 +0000</pubDate> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[Electric Vehicle]]></category> <category><![CDATA[Vietnam]]></category> <category><![CDATA[VinFast]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=101266</guid> <description><![CDATA[<p> Vietnam’s VinFast plans to build 100,000 electric vehicle charging stations across Indonesia, Jakarta’s investment minister said, as the EV manufacturer pushes into the burgeoning industry in Southeast Asia’s biggest economy.… </p> <p>The post <a href="https://theelectricityhub.com/vinfast-to-build-100000-ev-charging-stations-across-indonesia/">VinFast to Build 100,000 EV Charging Stations Across Indonesia</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li> Vietnam’s VinFast plans to build 100,000 electric vehicle charging stations across Indonesia, Jakarta’s investment minister said.</li> <li>Indonesia has been offering several incentives to boost its EV market, including a luxury goods tax exemption that has boosted sales and seen a flurry of key brands entering the country of 280 million people.</li> </ul> <p> Vietnam’s VinFast plans to build 100,000 electric vehicle <a href="https://theelectricityhub.com/?s=charging+stations+">charging stations </a>across Indonesia, Jakarta’s investment minister said, as the EV manufacturer pushes into the burgeoning industry in Southeast Asia’s biggest economy.</p> <p>Indonesia, home to the world’s largest<a href="https://theelectricityhub.com/?s=+nickel+reserves"> nickel reserves</a>, has been seeking to position itself as a regional EV hub and a key player in the global EV supply chain.</p> <p>Investment Minister Rosan Roeslani stated VinFast plans to build up gradually the number of charging stations pledged without providing more details.</p> <p>State news agency Antara reported that the company will also begin construction of an electric vehicle factory in West Java province, which will cost more than $200 million and aim to produce 50,000 vehicles annually.</p> <p>The investment commitment came in a meeting between Indonesian President Prabowo Subianto and VinFast representatives in the capital, Jakarta.</p> <p>Indonesia has been offering several incentives to boost its EV market, including a luxury goods tax exemption that has boosted sales and seen a flurry of key brands entering the country of 280 million people.</p> <p>According to the transportation ministry, 195,084 electric vehicles were registered in Indonesia in November 2024, but uptake remains a challenge because of their price and a lack of charging points.</p> <p>Car sales in Indonesia last month remained dominated by Japanese manufacturers such as Toyota, Honda and Daihatsu, but Chinese carmakers like BYD also made inroads, according to figures released by Indonesian industry association Gaikindo.</p> <p>The plans came after Prabowo met Vietnamese Communist Party General Secretary to Lam in Jakarta and agreed to upgrade ties to a comprehensive strategic partnership.</p> <p>VinFast, Vietnam’s first homegrown car manufacturer, hopes to compete with global EV giants such as Tesla but has struggled to break into the international market.</p> <p>It lost almost $2 billion in the first three quarters of 2024, according to company data, after recording $2.4 billion in losses the previous year.</p> <p>However, the venture has received strong backing from CEO Pham Nhat Vuong, Vietnam’s richest person, as well as parent company Vingroup.</p> <p>Vuong pledged last year to inject $3.1 billion into the EV maker and Vingroup said they would also give $1.4 billion in new funding. Doha-based JTA Investment </p> <p>Qatar signed a memorandum of understanding this month to explore a potential $1 billion investment in VinFast, according to Vingroup. The partnership aims to support VinFast’s “<a href="https://www.thestar.com.my/aseanplus/aseanplus-news/2025/03/13/vinfast-plans-100000-ev-charging-stations-in-indonesia#goog_rewarded">global expansion </a>and technological development”, Vingroup said.</p> <p>The post <a href="https://theelectricityhub.com/vinfast-to-build-100000-ev-charging-stations-across-indonesia/">VinFast to Build 100,000 EV Charging Stations Across Indonesia</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/vinfast-to-build-100000-ev-charging-stations-across-indonesia/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>EV Maker VinFast Narrows Q3 Losses, Beats Revenue Estimates</title> <link>https://theelectricityhub.com/ev-maker-vinfast-narrows-q3-losses-beats-revenue-estimates/</link> <comments>https://theelectricityhub.com/ev-maker-vinfast-narrows-q3-losses-beats-revenue-estimates/#respond</comments> <dc:creator><![CDATA[Martins Eze]]></dc:creator> <pubDate>Tue, 26 Nov 2024 14:19:19 +0000</pubDate> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[EV]]></category> <category><![CDATA[VinFast]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=96958</guid> <description><![CDATA[<p>Vietnamese electric vehicle (EV) manufacturer VinFast has reported a smaller $550 million net loss for the third quarter compared with a year earlier, helped by lower costs for materials and… </p> <p>The post <a href="https://theelectricityhub.com/ev-maker-vinfast-narrows-q3-losses-beats-revenue-estimates/">EV Maker VinFast Narrows Q3 Losses, Beats Revenue Estimates</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Vietnamese electric vehicle (EV) manufacturer VinFast has reported a smaller $550 million net loss for the third quarter compared with a year earlier.</li> <li class="">The automaker reported record-breaking operations in North America in September on the back of its expanding dealer network.</li> </ul> <p class="">Vietnamese electric vehicle (EV) manufacturer VinFast has reported a smaller $550 million net loss for the third quarter compared with a year earlier, helped by lower costs for materials and ramped-up production volumes.</p> <p class="">The Haiphong, Vietnam-based company delivered 44,773 cars in the first nine months of 2024, more than 55 per cent of its 80,000 target for the year. About one-fifth of these deliveries were to related parties, the company said.</p> <p class="">The company remains on track to meet its yearly goal, VinFast Chairwoman Thuy Le said. Last month, the company reported third-quarter deliveries of 21,912 on robust domestic demand for its mid-sized cars.</p> <p class="">“The momentum in Q3 has continued into Q4,” Thuy said. “We expect to finish 2024 on a strong note and meet our 80,000 vehicle delivery target.”</p> <p class="">The automaker reported record-breaking operations in North America in September on the back of its expanding dealer network. However, it did not provide specific sales figures or details for its North American performance.</p> <p class="">VinFast’s shares rose 4.3 per cent in Tuesday’s pre-market trade on Nasdaq, trading at $4.1. Since January, the shares have fallen by more than 50 per cent.</p> <p class="">Third-quarter revenue jumped 42 per cent to $511.6 million from the prior three-month period, beating estimates of $499.37 million, according to data compiled by LSEG.</p> <p class="">VinFast said it was planning an assembly plant in India scheduled to commence operations in 2025. The company is actively expanding into Asian markets, including India, Indonesia, and the Philippines, to capitalise on the growing <a href="https://theelectricityhub.com/?s=EV">EV</a> demand.</p> <p class="">VinFast, backed by major Vietnamese conglomerate Vingroup, said earlier this month that it would receive a fresh funding round worth $3.35 billion from its founder and parent company by 2026. </p> <p>The post <a href="https://theelectricityhub.com/ev-maker-vinfast-narrows-q3-losses-beats-revenue-estimates/">EV Maker VinFast Narrows Q3 Losses, Beats Revenue Estimates</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/ev-maker-vinfast-narrows-q3-losses-beats-revenue-estimates/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel> </rss>