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VinFast posts deeper Q2 loss on impairment charge, higher cost to boost sales

Vietnamese electric-vehicle maker VinFast reported a deeper second-quarter loss on Friday, driven by rising costs linked to its ambitious Asia expansion, although its revenue remained on a rising trend,

YAHOO!Finance · 6h

VinFast under pressure after reporting Q2 losses, stock falls

Shares of VinFast (VFS) are under pressure after delivering wider-than-expected unaudited second-quarter losses. Market Domination Hosts Julie Hyman and Josh Lipton dig into the Vietnamese EV maker's latest earnings report.

Automotive News · 13h

VinFast Q2 loss widens on impairment charge, higher overseas outlays

Revenue jumped 33 percent quarter-on-quarter to $357 million but the deeper loss underscores the risks of VinFast's aggressive expansion strategy .

Hindustan Times · 14h

Vietnamese EV Maker VinFast Reports Wider Loss in Second Quarter

The Vietnamese automaker posted a net loss of 18.76 trillion dong in the second quarter of this year, compared with a loss of about 13.4 trillion dong a year earlier, VinFast said in a statement. Revenue rose 9% to 8.67 trillion dong.

5hon MSN

VinFast Stock Drops After Earnings. Why the Forecast for Unit Sales Is Concerning.

The EV maker reported a per-share loss of 33 cents from sales of $357 million. Wall Street was looking for a 21-cent loss and ...

11h

VinFast shares more details on why it has delayed promised North Carolina car factory

In earnings Friday, the Vietnamese electric vehicle company reported three-month losses of $773.5 million as it looks towards ...

VinFast losses mount after North Carolina plant delayed

The losses continue to pile up for Vietnamese electric vehicle manufacturer VinFast, which recently said it's delaying its ...

VINFAST REPORTS UNAUDITED SECOND QUARTER 2024 FINANCIAL RESULTS

VinFast Auto Ltd. ("VinFast" or the "Company") (Nasdaq: VFS), a subsidiary of Vingroup JSC, and Vietnam's only pure-play ...

Automotive News12d

VinFast plans to launch crossovers, a minicar and a pickup

VinFast is running behind on its future product plans amid modest U.S. sales. But the Vietnamese automaker says it still has ...

Seeking Alpha10h

VinFast Auto Ltd. (VFS) Q2 2024 Earnings Call Transcript

Good day and thank you for standing by. Welcome to the VinFast Auto Limited Second Quarter 2024 Earnings Call. At this time all participants are in a listen-only mode. After the speakers' ...

autoevolution7d

VinFast VF8 Under Investigation Over Alleged Lane Keep Assist Issues

As if the VF8 wasn't bad enough, the US auto safety regulator is investigating the Vietnamese crossover due to 14 complaints ...

11hon MSN

VinFast guides for 80K full-year EV deliveries, makes inroads in the U.S.

VinFast Auto Ltd. (NASDAQ:VFS) fell in morning trading on Friday after the Vietnamese electric vehicle maker missed consensus ...

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