VinFast plans to launch a number of other electric vehicles in the future, including the VF 8 and VF 9 SUVs. This represents a 192% increase year-over-year, exceeding management’s revised guidance of 80,000 vehicles globally for the full year 2024. Vinfast is an ambitious new automaker from Vietnam that’s making waves with its stylish electric vehicles. The VF8 SUV is one of the most impressive, with a range of up to 510 miles and a starting price of just $40,000.
Heavy Industry & Manufacturing Overview
The company launched its Lux A2.0 sedan and Lux SA2.0 SUV (both based on discontinued BMW models) at the 2018 Paris Motor Show, already looking toward a global market but not yet making fully electric models. Both of the Lux vehicles were powered by traditional gas engines alone. The company’s first all-electric models weren’t cars at all but a family of e-scooters that were first sold in Vietnam in 2019. This represents a 192% increase year-over-year, exceeding management’s revised delivery guidance of 80,000 vehicles globally for the full year 2024. February 13, 2025 – VinFast Auto Ltd. (“VinFast” or the “Company”) today announced its preliminary vehicle deliveries for the fourth quarter of 2024. The Company delivered 53,139 electric vehicles (“EVs”)1 globally in 4Q24, representing a 143% increase quarter-over-quarter and a 342% increase year-over-year.
Business Technology Overview
This is huge, as is the Vietnamese market for cheap affordable transportation. Scooters will basically be produced next to cars in VinFast facilities. The process can be jump-started with innovative technology ( think Tesla or Rimac), or created from scratch by a really, really massive company like Hyundai or Lexus. In this case, I am writing about the birth of the first car company from Vietnam, ever. Called VinFast, the first Vietnamese automotive producer may sound like a joke at first.
But even these two have been around for a while now, and American drivers have had years to get to know who these brands are and what they stand for. As 2022 continues, the company has made incredible strive in the global market. With VinFast opening orders for both the VF 8 and VF 9 to be delivered globally at the year’s end and launch showrooms in North America and Europe. At the same time, they are impacting the EV world by showcasing their products and presence at CES, the New York International Auto Show, and the Los Angeles Auto Show. The company is also the title sponsor of the IRONMAN World Championship. A new energy of affordability, a competitively priced, all-electric vehicle is here with the Vinfast VF 6.
VF 8 specs & range
- Problems with the physical components of the VF8 are being addressed for the 2024 model, which reportedly has an improved suspension system and a quieter cabin.
- Thus, VinFast launched the first ever consumer electric vehicle to be produced in Vietnam while launching the VF 8 and VF 9 for the global market in Europe and North America.
- Last week, VinFast unveiled the first images of its new electric minicar, the Minio Green.
- Barring a revision of its own figures, that would mean only about 10,000 cars were sold abroad, around 10% of total sales.
- Simply plug your vehicle into the charging port, and it will begin to charge automatically.
- The issues mentioned in the earlier article (like problems with the braking system and crossed wires that make it difficult to adjust the seat) did get fixed by the time of the VF8’s official debut.
After all, VinFast will not use the latest BMW technology, but the tech from outgoing BMW vehicles -the F10 (5 Series) and the F15 (X5). This is a car company built from scratch after the completion of a complicated business plan with a bunch of SWOT analysis, market research, and competition assessment. It’s possible that your building could install a level two charger, however if this proves a challenge, many EV owners use public charging.
Nasdaq-Listed VinFast Records Uptick In 2024 Deliveries But US Figures Unknown
- The larger VinFast VF9 is expected to be available later this year, with the smaller VF6 and VF7 SUVs coming some time next year, as the company begins offering its products in more US markets.
- The official launch of Lux models at the 2018 Paris Motor Show, awarded “A Star is Born” by AUTOBEST.
- Check with your building owner/manager or HOA or look at additional information provided by plugshare.com, Electrify America, EV Hub etc.
- It seems that Vo Quang Hue made a great impression on BMW executives as, after he revealed the VinFast plan to them, they agreed to sell licenses for building some of the cars with BMW technology.
- Images and videos shown contain pre-production level vehicles.
- Engineered for safety, reliability, and comfort on every journey.
VinFast has established strategic partnerships with suppliers and partners to build a sustainable supply chain. VinFast and suppliers make long-term supply plans, share information, and collaborate to solve problems when they arise in the spirit of win-win relationships. VinFast will take care of customers outside the showroom and service network through their Mobile Service team. In providing the best convenient and satisfying services to customers, all ranges of VinFast electric vehicles will be equipped with the ability to provide Remote Diagnostics. VinFast was founded in 2017 by Vingroup, a Vietnamese conglomerate that also owns a number of other businesses, including real estate, retail, and telecommunications. VinFast’s goal is to become a global automaker, and it plans to produce a range of https://www.forex-world.net/ electric vehicles, including sedans, SUVs, and buses.
You may be eligible to trade in your vehicle if you are still making lease payments, however some lessors impose restrictions on allowing active leases to be bought out by a third-party. If you are planning on trading in your leased vehicle, contact your lender to verify any third-party buyout restrictions and a VinFast representative to discuss prior to initiating the VinFast vehicle order and trade in process. You may be eligible to trade in your vehicle if you are still making finance payments. If you are actively financing your vehicle, please reach out to a VinFast representative to discuss prior to initiating the trade process. New VinFast VF 8 and VF 9 vehicles include a 10 year/125,000-mile bumper to bumper warranty and a 10 year/unlimited mile battery warranty under standard use, providing peace of mind for VinFast Best food stocks clients. Yes, VinFast will offer autopilot features – advanced automatic emergency braking, automatic emergency steering, emergency lane keeping, highway pilot and traffic jam pilot (Level 2).
Other car companies, like South Korean automakers Hyundai and Kia, ultimately succeeded in the US despite starting out with products that were notable for quality issues. These examples suggest determined automakers can recover from a bad start. In a recent blog post, the company acknowledged that critics and customers had “identified areas in which we could better adapt to U.S. consumer preferences.” In response, VinFast is making software upgrades which the company did not detail. Please note that certain transactions and interactions may lead you to be redirected to our authorized dealer site. Features of the actual vehicle will vary depending on version and configuration.
VinFast still doesn’t have much brand recognition in America, and those who have heard of the company have probably heard bad things. Whether it will be around in ten years to honor the warranty offered for the VF8 remains to be seen. The Vingroup Joint Stock Company is a Vietnamese conglomerate with member brands that do everything from developing real estate to providing K-12 education to developing artificial intelligence. But for our purposes, the important name to know is VinFast, which can only really trace its history as far back as 2017, when it opened an automotive manufacturing plant in Hai Phong, Vietnam. That’s certainly new by American standards, but it’s old enough to make VinFast the first global automotive manufacturer in its home country. Sign up here to find out more about the exceptional features crafted into every VinFast and our mission to drive the world to switch to electric vehicles.
VinFast emphasizes that the Minio Green, with its high economic efficiency and agile performance, is an ideal choice to replace motorcycles for intra-city commuting. It is especially well-suited for transportation and delivery services. According to the manufacturer, the Minio Green measures 3,090 mm in length, 1,496 mm in width, and 1,625 mm in height, with a wheelbase of 2,065 mm. It comfortably seats four passengers, offering an optimized interior space. This compact SUV boasts low ownership costs despite being fp markets reviews a luxury vehicle. As for the looks, I think that the cars don’t look shabby at all.
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