VinFast 4Q23 EV Deliveries Up 35% QoQ, Total 42,291 Globally

TL;DR

**VinFast delivered 13,513 EVs in Q4 2023, up 35% QoQ, totaling 42,291 globally.**

AI Summary

VinFast Auto Ltd. announced on January 18, 2024, that it delivered 13,513 electric vehicles (EVs) in the fourth quarter of 2023, marking a 35% increase quarter-over-quarter. The company has delivered a total of 42,291 EVs globally since its first deliveries. This matters to investors because it provides an update on the company's sales performance and growth trajectory, which can influence stock valuation and future expectations.

Why It Matters

This filing provides crucial sales data for VinFast, indicating a significant quarter-over-quarter growth in EV deliveries, which is a key metric for assessing the company's operational performance and market penetration.

Risk Assessment

Risk Level: medium — While delivery numbers are positive, this filing doesn't include financial results, so the full picture of profitability and cash flow remains unknown, posing a moderate risk.

Analyst Insight

A smart investor would monitor the upcoming 4Q23 financial results release to see if the increased delivery volume translates into improved profitability and revenue, as this filing only provides sales volume, not financial performance.

Key Numbers

• 13,513 — EVs delivered in 4Q23 (Shows strong quarterly sales growth for VinFast.)
• 35% — Quarter-over-quarter increase (Highlights significant growth momentum in EV deliveries.)
• 42,291 — Total EVs delivered globally (Indicates the cumulative sales volume since the company's inception.)

Key Players & Entities

• VinFast Auto Ltd. (company) — the registrant and EV manufacturer
• Nguyen Thi Van Trinh (person) — Director who signed the 6-K report
• January 18, 2024 (date) — date of the announcement and filing
• 13,513 (dollar_amount) — number of EVs delivered in 4Q23
• 35% (dollar_amount) — quarter-over-quarter increase in EV deliveries
• 42,291 (dollar_amount) — total EVs delivered globally since first deliveries

Forward-Looking Statements

• VinFast will report strong revenue growth for 4Q23 due to increased deliveries. (VinFast Auto Ltd.) — high confidence, target: Q1 2024 (upon 4Q23 earnings release)
• The company's stock price may see positive movement following the release of these delivery numbers. (VinFast Auto Ltd. stock) — medium confidence, target: January 2024

FAQ

Filing Documents

• tm243587d1_6k.htm (6-K) — 11KB
• tm243587d1_ex99-1.htm (EX-99.1) — 15KB
• 0001104659-24-004645.txt ( ) — 27KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2024 Commission File Number: 001-41782 VinFast Auto Ltd. Dinh Vu – Cat Hai Economic Zone Cat Hai Islands, Cat Hai Town, Cat Hai District Hai Phong City, Vietnam (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K On January 18, 2024, VinFast Auto Ltd. announced its total vehicle deliveries for the fourth quarter and the full year 2023, and the release date for its fourth quarter 2023 financial results. A copy of that press release is furnished as Exhibit 99.1 to this Report on Form 6-K. EXHIBIT INDEX Exhibit Description of Exhibit 99.1 Press release, dated January 18, 2024 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. VinFast Auto Ltd. Date: January 18, 2024 By: /s/ Nguyen Thi Van Trinh Name: Nguyen Thi Van Trinh Title: Director

View Full Filing

View this 6-K filing on SEC EDGAR