Vietnamese EV maker Vinfast reports $550 million Q3 loss …C0NTINUE READING HERE >>>
A Vinfast electric car travels down a street in Hanoi.
Photo: Nhac NGUYEN / AFP
Source: AFP
Vietnamese electric vehicle manufacturer VinFast reported a net loss of $550 million for the third quarter, less than the same period last year as the firm recorded an uptick in sales.
The communist state’s first homegrown car manufacturer is aiming to compete with global EV giants such as Tesla.
VinFast shares have fluctuated wildly since debuting on the Nasdaq in August 2023, at one point…
>