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VinFast teams up with Autobrains to develop low-cost self-driving tech

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Vietnamese electric vehicle maker VinFast has partnered with artificial intelligence company Autobrains to develop advanced autonomous driving technology, including a low-cost “Robo-Car” system. The collaboration is aimed at accelerating VinFast’s self-driving ambitions while reducing costs by moving away from expensive sensor-heavy approaches.

The partnership will focus on improving driver assistance systems for upcoming VinFast electric vehicles, building on the company’s existing Level 2 autonomy capabilities. Pilot testing of the enhanced technology is already underway on the VF 8 and VF 9 models, with plans to gradually roll out more advanced features across VinFast’s vehicle lineup.

In addition, the companies are exploring a new Robo-Car architecture designed to enable higher levels of autonomy without relying on costly LiDAR sensors, radar systems or high-definition maps. Similar to Tesla’s strategy, the system uses seven standard cameras combined with a compact, high-performance computing chip. Testing is currently taking place in controlled zones in Hanoi, with expansion planned to larger cities and international markets.

VinFast Founder Pham Nhat Vuong to Invest $1.5 Billion in R&D Assets

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VinFast founder Pham Nhat Vuong has agreed to inject $1.52 billion into the electric vehicle (EV) maker by purchasing its research and development (R&D) arm, marking his latest financial support for the loss-making Vietnamese company. The move comes as VinFast aims to break even by the end of 2026.

The deal involves Novatech Research and Development JSC, a Vietnam-incorporated entity, being carved out of VinFast Trading and Production JSC (VFTP), the company’s domestic manufacturing unit, according to a filing with the U.S. Securities and Exchange Commission. Novatech will hold investment costs related to completed R&D projects, while VFTP will continue leading EV production and future research within Vietnam.

VinFast, which debuted on Nasdaq in 2023, has faced challenges such as weak consumer demand and intense competition. The company reported a net loss of $712.4 million for the first quarter, though revenue surged 150% to $656.5 million. Shares rose 1.4% in pre-market trading to $3.59.

Since its launch in 2017, VinFast has relied heavily on support from Vuong, who owns about 98% of VinFast and its parent company, Vingroup (VIC.HM), where he serves as chairman. The transfer of Novatech shares to Vuong, valued at nearly 40 trillion dong ($1.52 billion), includes a fair value assessment of 17.25 trillion dong plus a premium. Intellectual property tied to Novatech’s assets will be leased back to VinFast as needed for manufacturing purposes.

VinFast has completed development of its first-generation EVs. R&D expenses totaled $81.2 million in Q1 2025, down 22.3% year-on-year. The company targets delivering 200,000 cars in 2025, more than double its 2024 deliveries, with most sales concentrated in the Vietnamese market.

VinFast of Vietnam Pursues EV Import Duty Reduction Amid Commencement of Plant Construction in India

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VinFast’s Production Plans: Factory Construction Underway in Tamil Nadu, India Devamını Oku