VinFast Auto Ltd. ( (VFS) ) has released its Q3 earnings. Here is a breakdown of the information VinFast Auto Ltd. presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
VinFast Auto Ltd., a prominent electric vehicle manufacturer, is dedicated to making electric vehicles accessible worldwide, with a diverse product lineup including electric SUVs, e-scooters, e-bikes, and e-buses. In the third quarter of 2025, VinFast reported significant growth in vehicle deliveries and revenues. The company delivered 38,195 electric vehicles, marking a 7% increase from the previous quarter and a 74% increase year-over-year. Additionally, e-scooter and e-bike deliveries surged by 73% quarter-over-quarter and 535% year-over-year. Total revenues reached VND18,100.2 billion (US$718.6 million), primarily driven by vehicle sales, which saw a 48.4% increase from the same period last year. Despite the impressive revenue growth, VinFast faced challenges with a gross loss of VND10,167.6 billion (US$403.7 million) and a negative gross margin of 56.2%, attributed to higher warranty provisions and increased costs. The company also announced strategic initiatives, including the introduction of three distinct brands to cater to different market segments and the expansion of its global footprint with new showrooms and partnerships in key markets like India, Indonesia, and the U.S. Looking ahead, VinFast aims to double its global EV deliveries in 2025, leveraging government policies and its strategic investments to accelerate growth in the e-scooter segment and maintain its momentum in the electric vehicle market.