The Role
Analyze and optimize electric vehicle cost structures and bills of materials across the product lifecycle. Develop cost models, benchmark EV OEMs, evaluate materials and manufacturing processes, support supplier negotiations and value engineering, and track cost savings. Collaborate with engineering, purchasing, manufacturing, and finance teams to improve cost competitiveness. The role requires automotive or EV cost engineering experience, including mandatory China EV market exposure, strong Excel and SAP or ERP skills, and English fluency.
Summary Generated by Built In
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Job
Purpose
The Costing
Engineer is responsible for analyzing, developing, and optimizing product cost
structures—particularly for electric vehicles (EVs)—across the entire product
lifecycle. The role ensures cost competitiveness, supports profitability
targets, and drives continuous cost improvement initiatives.
Key
Responsibilities
- Develop,
analyze, and optimize vehicle cost structures and Bills of Materials (BOM)
throughout the product development lifecycle.
- Perform
detailed cost analysis covering materials, manufacturing processes,
tooling, logistics, and overhead.
- Establish
comprehensive cost breakdown structures and cost models to support design,
sourcing, and manufacturing decisions.
- Benchmark
product and cost structures against major global EV OEMs, with a strong
focus on the China EV market.
- Support
supplier negotiations, value analysis/value engineering (VA/VE)
activities, and localization strategies to achieve cost reduction targets.
- Monitor,
track, and report cost performance, cost variances, and realized savings
to management.
- Collaborate
cross-functionally with Engineering, Purchasing, Manufacturing, and
Finance teams to drive cost optimization initiatives.
Requirements
- Minimum
of 5 years’ experience in Cost Engineering within the automotive
and/or EV industry.
- Mandatory
experience working with or within the
China EV market.
- Experience
collaborating with or benchmarking against major automotive OEMs
comparable to VinFast.
- Bachelor’s
degree in Engineering or a related technical discipline.
- Strong
analytical and problem-solving skills with proficiency in Excel;
experience with ERP systems (e.g., SAP) is required.
- Fluency
in English is required; proficiency in Chinese is a strong advantage.
- Open
to both Vietnamese and international candidates.
Benefits
- Competitive salary compared to the market.
- Career growth opportunities and the chance to build a sustainable career in a fast-growing company.
- Professional and respectful working environment.
We appreciate your interest in this opportunity. Given the high volume of applications, we will only be able to contact shortlisted candidates. We value your understanding and patience in this process. Thank you for your interest and cooperation.
Skills Required
- Minimum 5 years of experience in Cost Engineering within the automotive and/or EV industry
- Experience working with or within the China EV market
- Experience collaborating with or benchmarking against major automotive OEMs comparable to VinFast
- Bachelor's degree in Engineering or a related technical discipline
- Strong analytical and problem-solving skills
- Proficiency in Excel
- Experience with ERP systems such as SAP
- Fluency in English
- Proficiency in Chinese
- Open to Vietnamese and international candidates
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The Company
What We Do
VinFast is a Vietnamese automotive manufacturer focused on electric mobility. The company designs and produces smart electric vehicles, including cars, SUVs, e-buses and e-scooters, combining advanced technology with highly automated manufacturing. Its mission is to make sustainable transportation accessible worldwide and accelerate the transition to an all-electric future through innovative, environmentally friendly products, charging solutions, warranties, and customer services.
