VinFast Auto Ltd. ( (VFS) ) has released its Q2 earnings. Here is a breakdown of the information VinFast Auto Ltd. presented to its investors.
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VinFast Auto Ltd., a prominent player in the electric vehicle (EV) sector, is dedicated to making EVs accessible globally, with a focus on producing electric SUVs, e-scooters, e-bikes, and e-buses. In its latest financial report for the second quarter of 2025, VinFast announced significant growth in both revenues and vehicle deliveries, highlighting its expanding global footprint. The company reported quarterly revenues of VND16,609.3 billion (US$663.0 million), with EV deliveries reaching 35,837 units, marking a 172% year-over-year increase. E-scooter and e-bike deliveries also saw substantial growth, with a 432% increase year-over-year. Despite the impressive revenue growth, VinFast faced a gross loss of VND6,824.9 billion (US$272.4 million) and a negative gross margin of 41.1%, though this was an improvement from the previous year’s negative margin. The company continues to expand its global presence, inaugurating a new EV plant in Ha Tinh and entering new markets such as India and Indonesia. Looking ahead, VinFast remains committed to doubling its EV deliveries in 2025, driven by its strategic expansions and partnerships in key markets. The management remains optimistic about the company’s growth trajectory, despite the challenges posed by evolving macroeconomic conditions.