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VinFast losses widen despite delivery surge, eyes hybrid and global expansion

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VinFast's EV deliveries were 86,557 in the fourth quarter of 2025, representing a 127% increase quarter-over-quarter. (Photo: VinFast)

Vietnamese EV maker VinFast, listed in the United States, reported widening annual losses despite a sharp increase in vehicle deliveries. The company said it aims to sell up to 300,000 electric vehicles this year, while gradually resuming construction of its U.S. factory and expanding its electric two-wheeler business.

It also confirmed plans to introduce hybrid vehicles in 2026, positioning them as a transitional option to ease consumer adoption of fully electric models.

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