VinFast reported a Q1 loss of $0.48 per share, wider than the estimated $0.31, as revenue of $920.69 million missed the $1.09 billion target. Despite the wider losses, the company saw a 42% year-over-year increase in global revenue and a 61% rise in vehicle deliveries to 58,577 units. To shift toward an asset-light model, VinFast announced plans to sell its Vietnam manufacturing business for $530 million.
The Vietnamese EV maker plans to sell its manufacturing arm for $530 million while reporting a $0.48 per share loss, missing analyst expectations.
Read the full storyVietnamese EV maker VinFast reported a 42% year-over-year jump in global revenue for the first quarter of 2026, highlighting its aggressive scale-up strategy.
The Vietnamese EV maker reported a $0.48 per share loss, wider than the $0.31 analyst estimate, amid operational challenges in the emerging vehicle sector.