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VinFast Auto Ltd. (VFS) Stock Drops Despite Surging EV Sales
VinFast Auto Ltd. (VFS) Stock Drops Despite Surging EV Sales
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BTCCSquare news:
VinFast Auto Ltd. (VFS) reported a net loss of $812 million in Q2 2025, overshadowing a 91.6% year-on-year revenue increase to $663 million. The Vietnamese EV Maker delivered 35,837 electric vehicles, marking a 172% surge, while e-scooter and e-bike sales skyrocketed 432% to 69,580 units. Despite these gains, shares fell 2.06% to $3.33, reflecting investor skepticism over profitability.
The company's domestic dominance remains unchallenged, with models like the VF 3, VF 5, and VF 6 ranking among Vietnam's top-selling vehicles. Over 70% of deliveries went to individual buyers, signaling mainstream adoption. Global expansion continues with new showrooms in India, Indonesia, the Philippines, and its first U.S. dealership in California.
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