VinFast Auto Doubled Electric Vehicle Deliveries in 2025

Dow Jones03-16 23:12

By Elias Schisgall

Vietnamese automaker VinFast Auto more than doubled its electric vehicle deliveries in 2025.

The company, a pure-play electric vehicle manufacturer, delivered a record 196,919 electric vehicles globally in 2025, up 102% year-over-year. EV deliveries during the fourth quarter were 86,557, representing 63% year-over-year growth.

Fourth-quarter revenue rose 139% to 39.41 billion Vietnamese dong (about $1.57 billion). Analysts surveyed by FactSet were expecting revenue of $1.13 billion.

Gross margin was negative 39.9% during the fourth quarter, compared with negative 79.1% a year earlier. The company attributed the improvement to its increased scale and a more optimized cost structure.

"For 2026 and beyond, scale and unit cost optimization remain the primary levers in our path to profitability," Chairwoman Thuy Le said. She added that the company will also look to expand overseas capacity, commercialize its next-generation vehicles and launch partnerships to implement artificial-intelligence in the company's operations and products.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

March 16, 2026 11:12 ET (15:12 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Analysts surveyed by FactSet were expecting revenue of $1.13 billion. \n\n\n  Gross margin was negative 39.9% during the fourth quarter, compared with negative 79.1% a year earlier. The company attributed the improvement to its increased scale and a more optimized cost structure. \n\n\n  \"For 2026 and beyond, scale and unit cost optimization remain the primary levers in our path to profitability,\" Chairwoman Thuy Le said. She added that the company will also look to expand overseas capacity, commercialize its next-generation vehicles and launch partnerships to implement artificial-intelligence in the company's operations and products. \n\n\n \n\n\n  Write to Elias Schisgall at elias.schisgall@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 16, 2026 11:12 ET (15:12 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2619462897","isCrawlerRequest":true}