VinFast shoots for 600k EVs
VinFast announced an aggressive global expansion plan aiming to produce up to 600,000 EVs annually, including both cars and e‑bikes, as it scales manufacturing and market reach worldwide Inside VinFast's 600,000-EV push: new plants, booming cars and e-bikes.
VinFast reported) deliveries of 86,557 electric vehicles in the fourth quarter of 2025 and 196,919 EVs for the full year 2025. E‑scooters and e‑bikes reached) 406,498 units for the full year 2025, with 171,962 of those two‑wheelers shipped in Q4 alone reported). The company expanded) its manufacturing footprint in 2025 by bringing new plants online in India and Indonesia, giving VinFast four factories operating globally. Management recorded) a $235.6 million adjustment to the book value of its planned North Carolina plant and said it expects to resume U.S. construction this year with start‑of‑production targeted for 2028 reported). VinFast reported) a fourth‑quarter 2025 net loss of VND 35.2 trillion (about $1.34 billion), driven in part by impairment charges and expansion spending. For 2026 the company set) a delivery target of 300,000 EVs and told investors it aims to cut per‑vehicle costs by about 20–30% through scale, platform optimization and international sales growth.
