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Nov 21

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VinFast's Second-Quarter Loss Deepens Amid Aggressive Expansion

VinFast · VinFast

VinFast Losses Nearly Double to $911M as Premium EV Strategy Collapses Against Chinese Competition

Vietnamese EV maker VinFast reported staggering third-quarter losses of $910.85 million, nearly double the $503 million lost in the same period last year, as the company’s premium pricing strategy crumbles under pressure from cost-efficient Chinese competitors. Despite achieving 47% revenue growth, VinFast’s gross margins deteriorated to negative 56.2%, meaning the company loses more than half…

Haye KestelooNov 214 min read

VinFast

VinFast Secures $510 Million Loan to Boost Electric Vehicle Expansion

VinFast Auto Ltd., a Vietnamese electric vehicle (EV) manufacturer, has secured a $510 million private credit loan from Deutsche Bank AG and SeaTown Holdings International to fuel its ambitious global expansion, reports Bloomberg. This financial boost, announced on July 4, 2025, supports VinFast’s mission to compete in the fiercely competitive EV market, where price wars…

Haye KestelooJul 4

VinFast

VinFast Opens First California Dealership, Signals EV Market Expansion

EV enthusiasts have a new reason to get excited as VinFast, Vietnam’s emerging electric vehicle (EV) maker, launches its first dealership in San Diego, California. The move, announced on Wednesday, marks a strategic shift for the company, backed by Vietnam’s largest conglomerate, Vingroup (VICHM). This dealership opening, set to begin operations this month, reflects VinFast’s…

Haye KestelooJun 18

VinFast

VinFast’s Electric SUV Lineup Steals the Spotlight at Montreal EV Show 2025

VinFast is set to electrify the Montreal Electric Vehicle Show (MEVS) 2025, held May 2–4 at IGA Stadium, with a commanding display of its electric SUV lineup. Showcasing the subcompact VF 6, compact VF 7, midsize VF 8, and full-size VF 9, the Vietnamese automaker is doubling down on its mission to deliver sustainable, high-performance…

Haye KestelooApr 28

VinFast

VinFast Safety Concerns Surface Amid Whistleblower Claims and NHTSA Investigation

A former Tata Technologies engineer has revealed significant safety concerns regarding VinFast vehicles, coinciding with an ongoing National Highway Traffic Safety Administration (NHTSA) investigation into the Vietnamese automaker’s VF8 model via BBC. Mechanical engineer Hazar Denli, who led chassis development teams at Tata Technologies for VinFast’s newer models, identified critical safety issue

Haye KestelooDec 19

VinFast

VinFast Doubles Down on Domestic Production Despite Delivery Challenges

VinFast plans to construct a second manufacturing facility in Vietnam’s Ha Tinh province, aiming to double its production capacity to 300,000 units annually. The Vietnamese automaker announced the expansion as part of its strategy to meet international demand, particularly for its smaller VF 3 and VF 5 models, reports Reuters. The new plant, scheduled to…

Haye KestelooDec 9

VinFast

VinFast Delays North Carolina Factory Until 2028, Focuses on Lower-Cost Markets

VinFast, the Vietnamese automaker, has announced a significant delay in its plans to build an electric vehicle (EV) factory in North Carolina. Originally slated for 2024, the factory’s opening has been pushed back to 2028. This move comes as the company looks to invest in lower-cost markets like Indonesia and India, as reported by The…

Haye KestelooSep 20

VinFast

VinFast’s Second-Quarter Loss Deepens Amid Aggressive Expansion

Vietnamese electric-vehicle maker VinFast reported a deeper second-quarter loss on Friday, driven by rising costs linked to its ambitious Asia expansion, although its revenue remained on a rising trend, according to its exchange filing. The company, which started delivering cars in California last year, is facing challenges as it seeks to capitalize on growing demand…

Haye KestelooSep 20

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