VinFast continues to lose millions of dollars, Q2 report shows
Vinfast issued an earnings report for the second quarter of 2023 on Thursday, and the news is not good for the Vietnamese electric vehicle maker.
Stay updated with breaking news from Smart Mobility. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Vinfast issued an earnings report for the second quarter of 2023 on Thursday, and the news is not good for the Vietnamese electric vehicle maker.
Ismail Dagli, who currently leads the supplier's mobility services, will take over from Frank Petznick, who will leave the company.
The Vietnamese electric vehicle start-up reported a second-quarter net loss of about $514 million from sales of about $307 million.
The Vietnamese car company coming to Chatham County has now lost $4.5 billion since shifting to making electric vehicles for international markets.
VinFast, the Vietnam-based electric vehicle manufacturer building a huge factory in Chatham County, reported a quarterly loss of $526.7 million for the three-month period ending June 30. But the company also reported a surge in revenues and vehicle sales.