Vietnamese electric vehicle maker VinFast reported its unaudited second quarter 2024 financial results, revealing a significant increase in losses. The company disclosed a negative gross margin of 62.7% and a net loss of $773 million for Q2, bringing the total net loss for the first six months of 2024 to $1,381 million. VinFast's Q2 earnings per share stood at $(0.33), compared to $(0.24) year-over-year. Despite the losses, the company saw a rise in sales, with $357 million in revenue for Q2, up from $328 million year-over-year. VinFast also reported a substantial increase in the delivery of electric vehicles, with 13,172 units delivered in Q2 and a total of 22,348 units in the first half of 2024. The wider loss was attributed to a higher impairment charge.