VinFast posts Q1 2026 earnings and rolls out its millionth electric motorbike

VinFast reported first‑quarter 2026 revenue of 23,111 billion VND, up 42 % year‑on‑year, while posting a net loss of 28,141 billion VND. The loss narrowed from the previous quarter but remained larger than a year earlier. The company delivered 58,577 electric cars globally, 92 % of which were sold in Vietnam, and 143,136 electric motorbikes, a 219 % increase from the same period last year. VinFast aims to hand over at least 300,000 electric cars in 2026, targeting a break‑even point in the Vietnamese market by 2027. It also signed a framework agreement with GSM to supply about 1 million electric cars and 4 million electric motorbikes between 2026 and 2030, and launched the Green SM Limo service in New Delhi, marking its entry into the Indian market.

The firm announced it will separate its Hai Phong and Ha Tĩnh manufacturing operations into an independent legal entity, a move expected to generate a one‑time profit line‑item and improve capital efficiency. Founder Phạm Nhật Vượng and Vingroup pledged up to 50,000 billion VND and a 35,000 billion VND loan facility, respectively, with 33,000 billion VND already drawn.

Separately, VinFast celebrated the production of its one‑millionth electric motorbike – a red Feliz II model – at the Hai Phong plant. The milestone underscores the brand’s rapid growth across a diversified product lineup and its expansion into five overseas markets, including Indonesia, the Philippines, India, Thailand and Malaysia.