Vietnam EV Maker VinFast Targets Profit After 2025, Founder Says
VinFast LLC's VF8 sport utility vehicle (SUV) at the company's factory in Haiphong, Vietnam.
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VinFast founder Pham Nhat Vuong said the electric vehicle maker could be profitable after 2025 if operations are “smooth” and break even by the end of 2024.
Vuong, speaking at a Hanoi shareholders’ meeting of parent company Vingroup JSC, forecast sales of EVs to reach 45,000-50,000 this year. The company may produce electric pickup trucks, a mini car and other models, subject to market demand.