- VinFast’s Q2 saw mixed results
- Deliveries surged despite financial losses
- Southeast Asian expansion continues
Electric Dreams, Bumpy Roads
Vietnam’s EV darling VinFast hit the gas in Q2, delivering 13,172 vehicles – a 44% jump from Q1.
However, the company’s financial dashboard flashed some warning lights, posting a $224 million gross loss.
Home Field Advantage
The Vietnamese market proved to be VinFast’s power source, fueling a 108% year-over-year surge in B2C deliveries.
This local momentum helped drive overall revenue to $357 million, up 33% from the previous quarter.
Southeast Asian Expansion
VinFast isn’t just cruising in its home country.
The company is revving up its presence across Southeast Asia, establishing 15 showrooms in Indonesia and breaking ground on a new production facility there.
The Philippines is next in line for the EV maker’s regional roadmap.
