Vinfast Auto Ltd's Business Segments

The company operates in the electric vehicle (EV) and e-scooter market, focusing on the design, implementation, and testing of advanced technology systems within its vehicles. It emphasizes cybersecurity measures to prevent unauthorized access or manipulation of vehicle systems, adhering to standards such as ISO 21434:2021 and UNECE R-155 and R-156. Its vehicles include in-vehicle services that use data connectivity for performance monitoring and preventative maintenance. The company relies on third-party providers for cloud computing, storage, and other service operations, which introduces risks related to information security, privacy, and operational disruptions. It faces potential threats from cyber-attacks, ransomware, and supply chain vulnerabilities that could affect business continuity, customer safety, and brand reputation. The company uses open-source software in product development, which may expose it to legal risks concerning licensing compliance and intellectual property rights. It holds a combination of owned, jointly owned, and licensed patents, trade secrets, copyrights, trademarks, and other intellectual property protections, with some trademarks registered worldwide and others only in target markets. Despite these protections, enforcement of intellectual property rights may be limited internationally, and unauthorized use of its intellectual property could harm its competitive position.

The registrant's operating business segments focus on vehicle segments and an associated mobile application platform. Their platform is based on the philosophy of "technology for life," emphasizing technology that supports a safe and driver-friendly experience. The technology stack centers on three pillars: vehicle platform, architecture, and autonomy, with goals of cost-efficient production and enhanced features. The company is re-engineering its Electrical and Electronic system into a zonal architecture and prioritizes Advanced Driver Assistance Systems (ADAS) Level 2 capabilities for safety. The registrant also offers a differentiated ownership experience through a cloud-based companion app, a unique warranty program, the VinFast Service program, and VinFast Power Solutions, which include at-home smart charging and access to an extensive charging network. Additionally, the company provides a flexible, high-quality product at a competitive price point aimed at a broader market, with flexible ownership options such as vehicle leasing and a battery subscription program, supported by a highly automated, vertically integrated manufacturing facility.