VinFast Q2 EV Deliveries Surge 96% to 70,085, E-Scooter Sales Triple
VFS is trading near its 52-week low of $2.78 (13% above the low).
Summary
VinFast delivered 70,085 EVs in Q2 2026, nearly doubling year-over-year, while e-scooter/e-bike deliveries tripled to 286,039 units. The company is also expanding its European retail network, adding dealers in Germany and beyond to market VF 6 and VF 8 models. This follows a turbulent period marked by a $1.12B Q1 net loss, a going concern warning, and a major restructuring to an asset-light model. The delivery surge signals operational momentum despite financial headwinds. Watch for Q2 financial results to see if revenue growth offsets the negative gross margins.
At the time of this announcement, VFS was trading at $3.13 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $7.3B. The 52-week trading range was $2.78 to $5.29. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.