Core Insights - VinFast reported a significant increase in electric vehicle (EV) deliveries, with 86,557 units delivered in Q4 2025, marking a 127% increase quarter-over-quarter and a 63% increase year-over-year [2][3] - The company delivered a total of 196,919 EVs globally in 2025, representing a 102% increase year-over-year, exceeding its delivery guidance [4] - Revenue for Q4 2025 reached VND 39,411.7 billion (approximately US$1,568.9 million), a 138.9% increase from Q4 2024 [5] - The gross margin improved significantly, moving from negative 79.1% in Q4 2024 to negative 39.9% in Q4 2025 [6] Delivery Performance - In Q4 2025, commercial models and the EC Van model accounted for about 49% of total EV deliveries [3] - International markets contributed approximately 18% of total vehicle deliveries for the first time in a quarter [3] - E-scooter and e-bike deliveries reached 171,962 in Q4 2025, a 43% increase quarter-over-quarter and a 452% increase year-over-year [5] Financial Performance - Total revenues for 2025 were VND 90,427.6 billion (approximately US$3,599.7 million), reflecting a 105.4% increase from 2024 [6] - The gross margin for the full year 2025 was negative 42.5%, an improvement from negative 57.4% in 2024 [7] Strategic Initiatives - VinFast is focused on disciplined investment in technology and global expansion to enhance electric mobility accessibility [8] - The company plans to optimize unit costs and scale production to achieve profitability [8] - VinFast has launched its EV portfolio under three distinct brands, targeting different market segments [9] Market Position - VinFast ended 2025 with an estimated 36% market share in Vietnam, up from approximately 22% in 2024, and maintained its position as the leading e-scooter brand [10] - The company made significant progress in international markets, ranking No.4 in India and No.3 in Indonesia for battery electric vehicles (BEVs) [12][13] Manufacturing and Technology - The Hai Phong plant celebrated the production of its 200,000th EV in 2025, with nearly 26,000 EVs produced in December alone [13] - VinFast inaugurated its first overseas factory in Tamil Nadu, India, and a second in Subang, Indonesia, expanding its global manufacturing footprint [16] Future Developments - The next generation of the VF 6 and VF 7 is expected to start production in the second half of 2026 [10] - VinFast is collaborating with AI companies to develop advanced driver assistance systems (ADAS) and autonomous vehicles [19][20]

Table of Contents As filed with the Securities and Exchange Commission on March 9, 2023. Registration No. 333-268684 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 VinFast Auto Ltd.* (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (State or other jurisdiction of incorporation or organization) Singapore 3711 Not Applicable (Primary Standard Indus ...