VinFast Auto
VinFast Auto is a Vietnamese-founded, NASDAQ-listed electric vehicle manufacturer that designs and assembles EVs from city cars to full-size SUVs, commercial fleets, e-buses, and e-bikes, selling to consumers and taxi/fleet operators across Vietnam, the U.S., Canada, India, Indonesia, the Philippines, the Middle East, Europe, and Africa.
- Company typePublic
- Founded2017
- HeadquartersBurnaby, Canada
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What VinFast Auto does
VinFast Auto is a Vietnamese-founded electric vehicle manufacturer that designs, assembles, and sells a broad portfolio of battery-electric passenger cars, commercial vehicles, electric buses, and e-bikes across passenger and commercial segments. Its core model range covers city cars through full-size SUVs (VF 3, VF 5, VF 6, VF 7, VF 8, VF 9, VF MPV 7), fleet/taxi vehicles (Limo Green, Herio Green, Nerio Green, Minio Green), commercial vans (EC Van) and buses (EBus), plus the DrgnFly e-bike and the new Lac Hong ultra-luxury sub-brand. Vehicles are built on an integrated EV platform featuring Level 2 ADAS, over-the-air software updates, AI-powered VF Connect virtual assistant, adaptive FSD suspension, and Italian Pininfarina styling on the VF 8 / VF 9, with a Level 4 autonomous program in development with AutoBrains on NVIDIA technology. Manufacturing is vertically integrated across Vietnam (Hai Phong, Ha Tinh), India (Tamil Nadu), and Indonesia (Subang, West Java), with a U.S. plant in North Carolina targeted for 2028 operations.
The company makes money primarily through one-time hardware sales of EVs at MSRPs ranging from $39,900 (VF 8 Eco, US) to $62,900 (VF 9) and from Rs 16.49 lakh (India VF 6/VF 7) to IDR 420M / ~US$25,000 (Indonesia VF MPV 7, including battery), supplemented historically by a now-discontinued (March 2025) battery-leasing subscription program and a usage-based public-charging business at VND 3,858/kWh via the V-Green network of 150,000+ ports across 63 Vietnamese provinces. Go-to-market is a sales-led model combining owned showrooms (Vietnam, India, Indonesia), authorized dealerships and service partners (Al Tayer Motors in UAE, Loret Group, RepairWise in the US, LKQ Netherlands in Europe), direct fleet sales (e.g., the 20,000-BEV Indonesia agreement, 2,000 EVs to AMRC/Xentro in Philippines, green taxi deployment with Exposure SARL in Kinshasa), and bank-led retail financing partnerships (HDFC, ICICI, Axis, SBI, Central Bank, CSB, BDO, MUFG). An industry-leading 10-year vehicle + 10-year unlimited battery warranty and free-charging programs in Indonesia/Philippines through March 2029 anchor the consumer value proposition.
VinFast Auto Ltd. is listed on NASDAQ (ticker VFS) following a 2021 SPAC merger and is controlled by Vietnam's largest conglomerate, Vingroup JSC; founder Pham Nhat Vuong injected $2.5B of personal and R&D-asset capital in 2025 alone. The company reported FY2025 revenue of $3.6B (+105.4% YoY) on ~196,919 vehicles delivered, with Q1 2026 revenue up 42% YoY and a 300,000-unit 2026 sales target, while cumulative losses reached approximately $11B since the first EV launch in late 2021. Customer concentration is split between mass-market consumer EV buyers across 11+ country markets and named commercial-fleet anchors (Indonesian transportation operators, Philippine and Congolese taxi operators), and the business is undergoing an asset-light restructuring via the May 2025 VFTP manufacturing divestiture (~$8.8B debt shed) and the August 2025 Novatech R&D spin-off, alongside leadership succession to Pham Nhat Quan Anh as Chairman effective May 23, 2026.
VinFast Auto firmographics
Firmographics- Name
- VinFast Auto
- Legal name
- Công Ty TNHH Kinh Doanh Thương Mại và Dịch Vụ VinFast
- Website
- https://vinfastauto.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- VinFast Auto is a Vietnamese-founded, NASDAQ-listed electric vehicle manufacturer that designs and assembles EVs from city cars to full-size SUVs, commercial fleets, e-buses, and e-bikes, selling to consumers and taxi/fleet operators across Vietnam, the U.S., Canada, India, Indonesia, the Philippines, the Middle East, Europe, and Africa.
- Ownership category
- akta.pro rank
Where VinFast Auto is headquartered
LocationHeadquarters
- HQ city
- Burnaby
- HQ country
- Canada
- HQ region
- North America
Offices10 records
Markets served
VinFast Auto business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Infrastructure, Operations, Technology or R&D, Marketing or Sales, Personnel
Revenue model
- Electric Vehicle Sales: Primary revenue from selling electric vehicles including SUVs (VF 3, VF 5, VF 6, VF 7, VF 8, VF 9, VF MPV 7), commercial vehicles (Minio Green, Herio Green, Nerio Green, Limo Green, EC Van, EBus), and e-scooters/e-bikes. Full-year 2025 revenues reached $3.6 billion, up 105.4% from prior year.
- Battery Leasing: Monthly battery rental fees for EV customers in Vietnam with tiered pricing based on monthly mileage. As of March 2025, VinFast stopped offering new battery leasing but existing customers continue. Rates range from VND 900,000 to VND 3,200,000 per month depending on vehicle model and usage tier.
- Public Charging Services: Revenue from public EV charging stations at VND 3,858 per kWh (since March 2024), plus additional usage fees for extended charging sessions
- Fleet/Taxi Sales: Bulk sales to commercial operators including taxi companies and ride-hailing services, such as 20,000 BEVs to Indonesian transportation companies over 3 years
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | VF 8 Eco - Base trim SUV |
| One time/ perpetual license | Multi-year contract | VF 8 Plus - Premium trim SUV |
| One time/ perpetual license | Multi-year contract | VF 9 Full-size Electric SUV |
| One time/ perpetual license | Multi-year contract | VF 8 in Canada after rebates |
| One time/ perpetual license | One time/ perpetual license | VF MPV 7 in Indonesia |
| One time/ perpetual license | One time/ perpetual license | VF 6 and VF 7 in India |
| Usage-based | Pay-as-you-go | EV rental program in Indonesia and Philippines |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels4 records
VinFast Auto product offering
Product offeringCore offering
VinFast Auto is a Vietnamese electric vehicle manufacturer that designs, produces, and sells a full lineup of battery electric vehicles including passenger SUVs (VF 3, VF 5, VF 6, VF 7, VF 8, VF 9), a seven-seater MPV (VF MPV 7), commercial vehicles (Limo Green, Herio Green, Nerio Green, Minio Green, EC Van), electric buses (EBus), and e-bikes (DrgnFly). The company also operates an ultra-luxury sub-brand (Lac Hong) and a proprietary EV charging infrastructure network (V-Green).
Product overview
VinFast Auto is a Vietnamese electric vehicle company that offers a diversified portfolio of electric vehicles and micro-mobility products across multiple market segments. The core product lineup consists of electric SUVs (VF 3 through VF 9, ranging from city cars to full-size E-SUVs), commercial electric vehicles (Limo Green, Herio Green, Nerio Green, Minio Green MPVs and vans), electric buses (EBus), and e-bikes (DrgnFly). The company also operates the ultra-luxury Lac Hong sub-brand featuring armored vehicles with VPAM VR7 ballistic protection. All vehicles are backed by a 10-year warranty and supported by a proprietary charging infrastructure network (V-Green) and the VinFast mobile app providing remote vehicle control, charging management, and over-the-air updates. VinFast sells directly and through dealership networks across Vietnam, the U.S., Canada, India, Indonesia, the Philippines, the Middle East, and Europe.
Differentiator
Problem solved
Functional benefit
Brands
- Lac Hong: Ultra-luxury brand unveiled by VinFast, featuring armored electric vehicles such as the Lac Hong 900 LX certified to VPAM VR7 ballistic protection standard.
- V-Green
- Xanh SM (GSM)
Products and services
- VinFast VF 8 D-segment electric SUV with dual-motor all-wheel drive, up to 480 km range, Level 2 ADAS, OTA updates; priced from $39,900 MSRP in U.S.
- VinFast VF 9 Full-size E-SUV seating 6-7 people with 402-hp dual-motor setup, up to 626 km range in Vietnam; U.S. MSRP from $62,900.
- VinFast VF 6 B-segment electric SUV with up to 480 km NEDC range; sold in Vietnam, India and Indonesia.
- VinFast VF 7 C-segment electric SUV with up to 496 km range; sold across Vietnam, India and Indonesia.
- VinFast VF 5
Quantifiable outcome
- Annual fuel savings of approximately $2,075 compared to gasoline vehicles in Canada
- +4 more outcomes
Companies that use VinFast Auto
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
VinFast Auto technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability3 records
Feature6 records
VinFast Auto partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and minor.
- RepairWisecorePartnership with RepairWise as authorized service provider to expand aftersales support across the United States, addressing key concern for EV adoption in American market
- AutoBrainscorePartnership with AutoBrains to launch first agentic AI L4 program for Southeast Asia using NVIDIA technology
- Future Investment Research and DevelopmentcoreLed buyer group for acquisition of VinFast's two Vietnamese manufacturing plants housed under VinFast Trading and Production (VFTP) for approximately 13.3 trillion dong; will allow VinFast to shed about 182 trillion dong in debt and obligations
- PT Sembilan Benua AbadicoreAgreement to supply 20,000 battery electric vehicles (Nerio Green C-segment SUVs and Limo Green 7-seater MPVs) over three years with deliveries by end of 2027
- PT Satu Kosong TujuhcoreAgreement to supply battery electric vehicles with deliveries scheduled by end of 2028
- PlusX ElectriccoreMoU with PlusX Electric in UAE to expand EV infrastructure through deploying portable EV charging pods, on-demand mobile charging services, and exploring home/office charger installations with digital integration
- Exposure SARLminorMoU for potential supply of electric vehicles (Limo Green and Herio Green models) to operate green taxi services in Kinshasa, DRC; implements strategic cooperation framework established by Vingroup and City of Kinshasa in 2025
- Loret GroupcoreDistribution deal with Loret Group to expand distribution network internationally
- AMRC Renewable Corporation/Xentro MotorscorePartnership to deploy 2,000 EVs in Philippines with first 1,000 vehicles delivered soon; supports cleaner urban transportation across Metro Manila
- Global AssurecorePartnership to strengthen customer service network across India
- LKQ NetherlandscoreStrategic partnership for aftersales and maintenance network in Europe
- V-GreencoreMoU with four partners to deploy over 60,000 VinFast EV charging ports in Indonesia with projected total investment of USD 300 million
- PT Oto Klix IndonesiacorePartnership to expand service network in Indonesia
- Al Tayer MotorscoreDistribution agreement for UAE market entry in 2024
Scale indicators16 records
Recent moves9 records
Expansion highlights7 records
VinFast Auto competitors and assessment
Company assessmentBroad incumbents
- BYD: The largest Chinese EV and battery manufacturer with broad passenger and commercial vehicle lineup and aggressive global expansion into Southeast Asia, Europe, and Latin America. Comparable as a broader incumbent EV maker with global ambitions.
- Geely Auto: Chinese auto conglomerate owning Zeekr, Polestar, and Volvo with multi-brand global EV strategy. Comparable as a broader incumbent using multiple brands to enter global markets.
- Hyundai Motor Group: Korean automotive incumbent with Ioniq and Kia EV lineups and global manufacturing scale. Comparable as a broader incumbent with established EV portfolio and global distribution.
Direct peers
- NIO: Chinese premium electric vehicle manufacturer selling passenger EVs and expanding into Europe with battery-swap and charging infrastructure. Directly comparable to VinFast as a premium EV brand pursuing global expansion outside its home market with similar capital intensity.
- Li Auto: Chinese premium EV/SUV maker with extended-range and BEV models focused on family and premium segments. Comparable in product positioning (premium family SUVs), battery/electronics focus, and international expansion ambition.
- Polestar: Premium electric performance brand owned by Geely, distributing globally including Europe, U.S., and Asia. Comparable in premium EV positioning, multi-region distribution, and growth-stage funding profile.
- Rivian: U.S.-based premium electric SUV and delivery van manufacturer with capital intensity, margin pressure, and scaling challenges similar to VinFast. Comparable on premium EV positioning, ongoing losses, and dependence on external capital.
- Lucid Motors: U.S.-based luxury EV manufacturer with persistent losses, premium positioning, and capital-raising needs. Comparable on luxury/premium EV positioning and unprofitable scaling profile.
- XPeng: Chinese EV manufacturer with a multi-SUV portfolio (G6, G9, P7) and aggressive expansion into Europe and Southeast Asia. Closely comparable in product mix, target markets, and growth-stage profile.
Emerging players
- Tata Motors: India's largest domestic automaker with a growing EV passenger and commercial lineup (Tiago EV, Nexon EV, Tigor EV, electric buses). Comparable as a major South/Southeast Asian auto incumbent transitioning to EVs.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
VinFast Auto social profiles
Digital presenceVinFast Auto financial estimates
Financial estimateRevenue estimate
Valuation estimate
VinFast Auto leadership team
Management profileNumber of profiles
Profiles6 records
VinFast Auto subsidiaries and ownership
Company hierarchySubsidiaries6 records
VinFast Auto funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VinFast Auto M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VinFast Auto
What does VinFast Auto do?
VinFast Auto is a Vietnamese electric vehicle manufacturer that designs, produces, and sells a full lineup of battery electric vehicles including passenger SUVs (VF 3, VF 5, VF 6, VF 7, VF 8, VF 9), a seven-seater MPV (VF MPV 7), commercial vehicles (Limo Green, Herio Green, Nerio Green, Minio Green, EC Van), electric buses (EBus), and e-bikes (DrgnFly). The company also operates an ultra-luxury sub-brand (Lac Hong) and a proprietary EV charging infrastructure network (V-Green).
Is VinFast Auto a public or private company?
VinFast Auto is a public company. It is classified as public and is currently operating.
When was VinFast Auto founded?
VinFast Auto was founded in 2017. It employs 5,001 to 10,000 people.
Where is VinFast Auto based?
VinFast Auto is headquartered in Burnaby, Canada, in the North America region.
How does VinFast Auto make money?
Four revenue lines are on record. Electric Vehicle Sales are the primary driver. The others are battery Leasing, public Charging Services and fleet/Taxi Sales.
Who are VinFast Auto's main competitors?
Broad incumbents on record are BYD, Geely Auto and Hyundai Motor Group. Direct peers are NIO, Li Auto, Polestar, Rivian, Lucid Motors and XPeng. Tata Motors is listed as an emerging player.
Does VinFast Auto have an API?
No public API is recorded for VinFast Auto.