VinFast

VinFast Faces Losses as EV Sales Surge in 2025

VinFast nearly doubled EV deliveries to 196,919 vehicles in 2025 and lifted revenue 105% to $3.59 billion, but its net loss widened to $3.87 billion as costs surged. The Vietnamese EV maker is now pivoting toward hybrids, Southeast Asia, and factory automation, while broader industry pressures—from Middle East logistics disruption to next-gen 4D sensing technology—show how quickly the global EV market is evolving.