EV maker VinFast posts $2-B net loss
HANOI: Vietnamese electric vehicle (EV) maker VinFast on Thursday reported a net loss of more than $2 billion in 2023 after missing its sales target, despite a 90-percent increase in revenue. The communist state’s first homegrown car manufacturer is trying to crack the international market, aiming to compete with global EV giants such as Tesla. […]
HANOI: Vietnamese electric vehicle (EV) maker VinFast on Thursday reported a net loss of more than $2 billion in 2023 after missing its sales target, despite a 90-percent increase in revenue.
The communist state’s first homegrown car manufacturer is trying to crack the international market, aiming to compete with global EV giants such as Tesla.
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