VinFast, Q2 Loss Widens While Revenues Grow

VinFast Q2 Loss Widens While Revenues Grow

(Telestock) – WineFasta Vietnamese electric vehicle maker listed on the Nasdaq, closed the second trimester of 2024 with electric vehicle deliveries equal to 13,172, up 44% compared to the first quarter of 2024 and 43% compared to the second quarter of 2023; electric scooter deliveries were 13,076, up 67% compared to the first quarter of 2024 and 28% compared to the second quarter of 2023.

THE total revenue amounted to VND8,670,238 million (USD357.4 million), an increase of 9.1% compared to the second quarter of 2023 and an increase of 32.9% compared to the first quarter of 2024. Total revenue mainly consists of revenue from electric vehicle sales.

There gross loss was VND5,436,449 million (USD224.1 million), up 61.1% from Q2 2023 and up 42.0% from Q1 2024.

There net loss was VND18,764,327 million (USD773.5 million), up 39.7% from Q2 2023 and up 27.3% from Q1 2024.

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