Recipient of Largest State Subsidy in NC Posts $623M Loss
EV maker Vinfast broke ground on its first production facility outside of its native Vietnam in Chatham County, NC, in July.
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EV maker Vinfast broke ground on its first production facility outside of its native Vietnam in Chatham County, NC, in July.
By Theresa Opeka Raleigh, NC – Coming on the heels of a second-quarter report that saw losses of $526.7 million, VinFast reported Thursday that it lost an additional $623 million for the third quarter of 2023. That brings total losses since 2021…<p class="more-link-p"><a class="more-link" href="https://chathamjournal.com/2023/10/09/vinfasts-staggering-losses-continue-to-mount-can-the-automaker-recover/">Read more →</a></p>
Oming on the heels of a second-quarter report that saw losses of $526.7 million, VinFast reported Thursday that it lost an additional $623 million for the third quarter of 2023.
(The Center Square) – A new VinFast earnings report shows the electric car company slated to receive the largest taxpayer subsidy in North Carolina history lost $623 million this summer,
Coming on the heels of a second-quarter report that saw losses of $526.7 million, VinFast reported Thursday that it lost an additional $623 million for the third quarter of 2023. That brings total losses since 2021 for the Vietnamese electric vehicle maker to $5.1 billion.