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. […]

T Kauer T Kauer
Feb 24, 2024 - 00:55
EV maker VinFast posts $2-B net loss

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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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