VinFast (VFS) Global Vehicle Deliveries Rise in Q1 Driven by Two Best-Selling Models

VinFast Auto Ltd (NASDAQ:VFS) is one of the 8 Best Automotive Stocks to Buy According to Analysts. In a filing with the Securities and Exchange Commission (SEC) on April 22, VinFast reported a 61% increase in global vehicle deliveries in the first quarter of the year, to 58,577. It added that the Limo Green and the VF 3 were two of the best-selling models with cumulative deliveries of 12,693 and 11,088 vehicles, respectively.

Additionally, VinFast also announced that it delivered 143,136 e-scooters and e-bikes in the first quarter, representing a 219% increase year-over-year. It emphasized that the significant growth reflects the strong momentum of the green transition.

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In 2025, the company registered $3.6 billion in total revenues, a 105.4 percent increase from the previous year, driven by higher electric vehicle deliveries.

VinFast Chairwoman Thuy Le earlier emphasized scale and unit cost optimization efforts. She said:

“For 2026 and beyond, scale and unit cost optimization remain the primary levers in our path to profitability. These will be supported by strategic investments to expand overseas capacity, the commercialization of our next-gen vehicles, and collaboration with partners from within Vingroup’s ecosystem and other established players to further integrate the use of Artificial Intelligence inside our EVs and factories to ultimately lower the total cost of ownership for our customers.”

VinFast currently enjoys a strong Buy rating, with 80 percent of the five analysts compiled by CNN assigning a Buy rating to the stock. The average price target of the stock is $6.00, a 37.61% upside from the current price of $4.36.

VinFast Auto Ltd (NASDAQ:VFS) designs and manufactures electric vehicles. It offers electric scooters (e-scooters) and electric buses (e-buses). It provides an e-mobility ecosystem built around customers, community, and connectivity alongside new vehicle roll-out.

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