VinFast USA
HANOI, June 10, 2025 – Vietnam’s first homegrown car manufacturer, VinFast, reported a net loss of US$712 million in the first quarter of 2025, despite a significant increase in deliveries. The electric vehicle (EV) company, aiming to compete with global giants like Tesla, delivered 36,330 EVs, a 296% year-on-year increase, driving revenues to US$656.5 million, up nearly 150% from Q1 2024. Chairwoman Thuy Le called the delivery growth an “encouraging start” amid global uncertainties. Last year, VinFast’s net loss exceeded US$3 billion. The company faces challenges penetrating international markets, compounded by U.S. tariffs and trade disruptions.
Read More News on Latest Malaysia
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
WellCall Holdings may rise if RM1.19 resistance is breached, otherwise selling pressure could increase.
FEYTECH shows potential for a price increase if it breaks RM0.245 resistance, but risks decline…
Kerjaya Prospek Group’s subsidiary secured a RM52.5m subcontract for a 275kV consumer landing station, boosting…
MI Technovation raised its FY26-28F earnings forecast by 15-16%, expecting growth from improved operations and…
US slaps 12.5% tariff on Singapore exports, citing forced labour concerns; Singapore rejects claims, vows…
Sirena Superyachts has launched its flagship 42m vessel in Istanbul ahead of its world debut…
This website uses cookies.