VinFast Auto Ltd. (NASDAQ:VFS) shares are trading lower in the morning session on Friday.
The company reported a second-quarter loss per share of 33 cents, missing the street view of a 21-cent loss. Quarterly sales of $357.4 million missed the analyst consensus of $460.09 million.
“We have acknowledged some headwinds and uncertainties adversely challenging EV outlook at this point of time in some markets..,” said Thuy Le, Chairwoman of VinFast.
EV deliveries were 13,172 in the second quarter, representing an increase of 43% year over year.
E-scooter deliveries were 13,076 in the second quarter, representing an increase of 28% year over year.
As of August 31, the company had 155 showrooms globally ...
