VinFast Surges Past Expectations with Explosive EV Growth—and Major Global Expansion Plans for 2025
Vietnam’s VinFast skyrockets after record Q1 sales, giant EV delivery jump, and global expansion. Here’s what investors need to know now.
- Year-over-year EV deliveries: +296%
- Quarterly revenue: $656.5 million (up 149.9%)
- Global EV showrooms: 388 as of April 2025
- Operating loss (Q1 2025): $485.6 million
VinFast Auto (NASDAQ: VFS) is breaking out of the pack. On Monday morning, shares surged 12% premarket, turning global heads and drawing comparisons with electric vehicle (EV) giants like Tesla. The Vietnamese automaker’s bold first-quarter report reveals why this often-underestimated company is now at the center of the EV revolution—and what the road ahead holds.
Record-Breaking Growth: Vietnam’s Rising EV Giant
VinFast’s quarterly sales hit $656.54 million, shooting up a staggering 149.9% year-over-year and crushing analyst expectations of just $520 million. The star driver? Blistering demand for VinFast’s electric vehicles. With vehicle sales alone reaching $612.6 million—a 164.4% increase—VinFast’s growth rivals the global uptick seen by more established automakers.
But it’s the delivery stats that truly dazzle: 36,330 electric vehicles shipped this quarter, up 296% from the year before. E-scooters are another bright spot, with 44,904 delivered—a mind-blowing 473% increase year-over-year.
Global Showroom & Service Network: Where is VinFast Going Next?
VinFast’s global EV presence now spans 388 showrooms, plus 357 e-scooter showrooms and workshops. The company is pivoting in Europe and North America, moving from direct sales to a dealership model. Fresh partnerships in France, Germany, and the Netherlands promise broader service coverage for new and existing customers.
In Asia, VinFast is launching the VF 6 in Indonesia with deliveries set for Q2 2025, and will rapidly expand in the Philippines with 70 new certified workshops. India is key: VinFast’s new assembly plant in Tamil Nadu kicks off in July 2025, marking a bold step into one of the world’s largest auto markets.
VinFast’s Financial Engine: Can It Power the Surge?
Despite the revenue boom, VinFast reported a quarterly loss per share of 30 cents, slightly worse than analysts predicted. Operating losses widened to $485.6 million, with operating cash burn up 21.4% to $607.38 million—a reminder of the hefty investment needed for global EV dominance. Still, support from Vingroup and founder Pham Nhat Vuong remains robust: Vingroup has channeled $1.2 billion in loans, while Vuong himself provided $825.4 million in grants as of May 2025.
With $180.98 million in cash on hand as of March 31, VinFast says it will double global deliveries in 2025, even as it adapts to a volatile macroeconomic landscape.
Q&A: What Investors Want to Know
How does VinFast’s growth compare to the rest of the EV industry?
VinFast’s triple-digit delivery growth far outpaces most rivals. For reference, global EV juggernaut BYD and Tesla saw much slower rates last quarter.
Is VinFast focusing more on Asia or the West?
It’s going both ways. Rapid Asian expansion is matched by an evolving retail and service presence in Europe and North America—shifting from direct-to-customer to dealership partnerships.
Will VinFast’s increased debt and cash burn hurt its future?
The company’s losses are heavy, but parent and founder funding is strong for now. Long-term sustainability depends on continued sales surge and efficient global scaling.
How-to: Track VinFast’s Global Expansion
- Watch for new showroom and dealer openings, especially in India, Indonesia, and Europe.
- Monitor quarterly delivery numbers—are they still doubling?
- Look for new funding updates from Vingroup and Pham Nhat Vuong.
- Compare margins and losses against other EV leaders on Nasdaq and Reuters.
Ready to ride the wave of the future? VinFast is making moves at breakneck speed, defying the odds and reshaping the global EV map. Investors and fans alike should stay alert—2025 could be a landmark year for Vietnam’s boldest automaker.
Checklist for Staying Ahead:
- Track VinFast’s quarterly earnings and delivery numbers
- Follow new dealership and service expansion, especially in key markets
- Compare VinFast’s results with major industry players
- Watch for fresh funding or strategic partnership announcements
- Stay tuned to global EV market trends on CNBC and Bloomberg
