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VinFast LuxSA 2.0
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VinFast Slashes Lease Prices for First Customers by Over 50 Percent
The VinFast VF8 will get into customers' hands this week with quite a discount.
Despite the fact not a single VinFast electric vehicle has made it to customers’ hands in the U.S. yet, the Vietnamese automaker is already drastically cutting lease prices. Reuters reports that the first customers in California will see lease price cuts over 50 percent on vehicles that are set to be delivered on Wednesday, March 1.
At the beginning of 2023, VinFast said that a 24-month lease for its all electric VF8 crossover would cost $599 per month, but now its website shows that a 24-month lease will set folks back $399 per month. The savings aren’t over yet.
Vinfast has reportedly told people in California who have already paid a refundable deposit on the VF8 that their payments would now be $274 for 24 months. I know, I know — it sounds unfair. Why California? What have they done to deserve this? Well, my friend, it’s because the Golden State was the first in the country to receive the vehicles. All in all, the discounts range between 54 percent for California buyers, and 33 percent for everyone else. Not too shabby.
The reason for the price cuts isn’t exactly a surprising one. A spokesperson for VinFast told Reuters in a statement that it was done “in order to stay competitive with other brands.” Austin, Texas-based EV maker Tesla recently slashed prices on some of its most popular vehicles to take advantage of new rules to qualify for the $7,500 electric vehicle tax credit for vehicles built in the U.S., and it’s caused a bit of a pricing war in the EV space.
Vehicles made by VinFast are not eligible for the credit since, you know, they are built in Vietnam — a place that is famously not the United States.
jalopnik.com
The VinFast VF8 will get into customers' hands this week with quite a discount.
Despite the fact not a single VinFast electric vehicle has made it to customers’ hands in the U.S. yet, the Vietnamese automaker is already drastically cutting lease prices. Reuters reports that the first customers in California will see lease price cuts over 50 percent on vehicles that are set to be delivered on Wednesday, March 1.
At the beginning of 2023, VinFast said that a 24-month lease for its all electric VF8 crossover would cost $599 per month, but now its website shows that a 24-month lease will set folks back $399 per month. The savings aren’t over yet.
Vinfast has reportedly told people in California who have already paid a refundable deposit on the VF8 that their payments would now be $274 for 24 months. I know, I know — it sounds unfair. Why California? What have they done to deserve this? Well, my friend, it’s because the Golden State was the first in the country to receive the vehicles. All in all, the discounts range between 54 percent for California buyers, and 33 percent for everyone else. Not too shabby.
The reason for the price cuts isn’t exactly a surprising one. A spokesperson for VinFast told Reuters in a statement that it was done “in order to stay competitive with other brands.” Austin, Texas-based EV maker Tesla recently slashed prices on some of its most popular vehicles to take advantage of new rules to qualify for the $7,500 electric vehicle tax credit for vehicles built in the U.S., and it’s caused a bit of a pricing war in the EV space.
Vehicles made by VinFast are not eligible for the credit since, you know, they are built in Vietnam — a place that is famously not the United States.
VinFast Slashes Lease Prices for First Customers by Over 50 Percent
The VinFast VF8 will get into customers' hands this week with quite a discount.
jalopnik.com
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Honorary Master
First 45 electric vehicles from VinFast delivered in the US
VinFast is not enjoying a smooth start to its business venture in the US. First the company faced two months of delays while preparing the vehicles delivered to the US to actually be able to sell them to customers. Then it had to confirm that the advertised driving range was nowhere near the real number.
Just before the first deliveries took place, the company changed its mind about the renting option and dropped it entirely thus making a lot of customers angry. In trying to make up for it, VinFast cut the prices of lease agreements by half.
The company decided on a rebranding exercise to address the issue with a shorter than advertised range of the VF8. The vehicle now is called VF8 City Edition Eco which is supposed to reflect its EPA rated 207 miles range (333 km).
www.arenaev.com
VinFast is not enjoying a smooth start to its business venture in the US. First the company faced two months of delays while preparing the vehicles delivered to the US to actually be able to sell them to customers. Then it had to confirm that the advertised driving range was nowhere near the real number.
Just before the first deliveries took place, the company changed its mind about the renting option and dropped it entirely thus making a lot of customers angry. In trying to make up for it, VinFast cut the prices of lease agreements by half.
The company decided on a rebranding exercise to address the issue with a shorter than advertised range of the VF8. The vehicle now is called VF8 City Edition Eco which is supposed to reflect its EPA rated 207 miles range (333 km).
First 45 electric vehicles from VinFast delivered in the US
VinFast confirmed it delivered the first 45 vehicles to its customers in California after two months of delays.
www.arenaev.com
FiestaST
Honorary Master
VinFast's US EV plant gets delayed by a year to 2025
Vietnamese EV maker VinFast recently delivered its first cars to the US. The US market is a huge focus for the company, which has plans underway to build a $4 billion factory in North Carolina, following a generous $1.2 billion incentive package from local authorities.
The initial plan was for the plant to be up and running in July 2024, but today VinFast has admitted that's not feasible anymore. Instead, the factory will start production at some point in 2025. Depending on when in 2025 it starts running, this is a delay of around six to eighteen months, and that's pretty substantial.
The reason for the revised timeline has to do with bureaucratic woes. "We need more time to complete administrative procedures", VinFast said in a statement.
www.arenaev.com
Vietnamese EV maker VinFast recently delivered its first cars to the US. The US market is a huge focus for the company, which has plans underway to build a $4 billion factory in North Carolina, following a generous $1.2 billion incentive package from local authorities.
The initial plan was for the plant to be up and running in July 2024, but today VinFast has admitted that's not feasible anymore. Instead, the factory will start production at some point in 2025. Depending on when in 2025 it starts running, this is a delay of around six to eighteen months, and that's pretty substantial.
The reason for the revised timeline has to do with bureaucratic woes. "We need more time to complete administrative procedures", VinFast said in a statement.
VinFast's US EV plant gets delayed by a year to 2025
The company initially wanted the factory to start operations in July 2024.
www.arenaev.com
FiestaST
Honorary Master
VinFast is bringing longer-range VF8 to the US together with larger VF9
It has been a bumpy start and a wild ride so far for VinFast in the US. The company unveiled its first electric car, the VF8, at the LA Auto Show in 2021 and claimed it received over 24,000 orders from all over the world, within 48 hours of opening order books.
The first deliveries to the US arrived in late November but the vehicles faced delays before being handed to customers. The cars were officially waiting for the latest software from VinFast, but the more likely reason was the battery performance. The vehicles delivered to the US were rated by the EPA at 207 miles which forced the company to quickly rethink its marketing strategy.
VinFast renamed the VF8 to VF8 City Edition Eco to reflect its low range, the Plus trim of the same model gets an even lower 179-mile rating from EPA. Customers were quick to abandon orders, despite the company introducing various financial incentives - including offering the VF8 as a lease vehicle through a US financial institution (US Bancorp) and thus qualifying for the $7,500 EV tax credit. In the end, even the $274 monthly lease wasn’t enough to convince customers to buy VF8.
VinFast announced that all VF8s coming to the US from now on, are equipped with larger batteries and offer 293 miles of range. This should fix any issues and if the company keeps its pricing structure, the VF8 should be quite competitive.
www.arenaev.com
It has been a bumpy start and a wild ride so far for VinFast in the US. The company unveiled its first electric car, the VF8, at the LA Auto Show in 2021 and claimed it received over 24,000 orders from all over the world, within 48 hours of opening order books.
The first deliveries to the US arrived in late November but the vehicles faced delays before being handed to customers. The cars were officially waiting for the latest software from VinFast, but the more likely reason was the battery performance. The vehicles delivered to the US were rated by the EPA at 207 miles which forced the company to quickly rethink its marketing strategy.
VinFast renamed the VF8 to VF8 City Edition Eco to reflect its low range, the Plus trim of the same model gets an even lower 179-mile rating from EPA. Customers were quick to abandon orders, despite the company introducing various financial incentives - including offering the VF8 as a lease vehicle through a US financial institution (US Bancorp) and thus qualifying for the $7,500 EV tax credit. In the end, even the $274 monthly lease wasn’t enough to convince customers to buy VF8.
VinFast announced that all VF8s coming to the US from now on, are equipped with larger batteries and offer 293 miles of range. This should fix any issues and if the company keeps its pricing structure, the VF8 should be quite competitive.
VinFast is bringing longer-range VF8 to the US together with larger VF9
After initial VF8 US shipment received a rather cold welcome mostly due to range that fell short of advertised numbers, the company is bringing to the US VF8 models with larger batteries.
www.arenaev.com
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FiestaST
Honorary Master
Critics Agree: The VinFast VF8 Is Very, Very Bad
From flaky turn signals to broken ADAS features and a suspension that induces nausea, critics are not impressed with VinFast's first electric SUV for America.
Today, the U.S. press embargo appeared to break on the VinFast VF8 City Edition, the EV startup’s first product destined for these shores. I say “appeared” because Jalopnik didn’t get invited to drive the SUV here at home, which entirely tracks given Kevin Williams’ rather concerning review of the VF8for this site back in December, that he traveled all the way to Vietnam for.
Well, the VF8 is on our turf now, and based on the impressions of our colleagues across the auto media landscape, absolutely nothing has changed, even though these things are being delivered to actual, live humans as we speak, and are priced north of $50,000. This car still needs all the work.
Let’s begin with Scott Evans for Motor Trend, who set the tone early on. “I’ve driven camouflaged prototypes that were far closer to production-ready than the in-production VF8,” Evans wrote. He continued:
jalopnik.com
From flaky turn signals to broken ADAS features and a suspension that induces nausea, critics are not impressed with VinFast's first electric SUV for America.
Today, the U.S. press embargo appeared to break on the VinFast VF8 City Edition, the EV startup’s first product destined for these shores. I say “appeared” because Jalopnik didn’t get invited to drive the SUV here at home, which entirely tracks given Kevin Williams’ rather concerning review of the VF8for this site back in December, that he traveled all the way to Vietnam for.
Well, the VF8 is on our turf now, and based on the impressions of our colleagues across the auto media landscape, absolutely nothing has changed, even though these things are being delivered to actual, live humans as we speak, and are priced north of $50,000. This car still needs all the work.
Let’s begin with Scott Evans for Motor Trend, who set the tone early on. “I’ve driven camouflaged prototypes that were far closer to production-ready than the in-production VF8,” Evans wrote. He continued:
Critics Agree: The VinFast VF8 Is Very, Very Bad
From flaky turn signals to broken ADAS features and a suspension that induces nausea, critics are not impressed with VinFast's first electric SUV for America.
jalopnik.com
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2023 VinFast VF8 City Edition First Drive Review: Yikes - Motor1.com
VinFast’s first EV isn’t ready to take on the Hyundai Ioniq 5 or Ford Mustang Mach-E. Too bad it’s already on sale.
The VinFast VF8 is a car that’s so overwhelmingly bad it should not be put on sale, yet you can go buy one right now. Anyone who says this EV is good is lying. This is the worst new car I’ve tested in ages.
2023 VinFast VF8 City Edition First Drive Review: Yikes
Vietnam's VinFast has big plans to break into the US market with a range of electric crossovers. After driving the VF8, though, that might not be the best idea.
www.motor1.com
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2023 VinFast VF8 City Edition First Drive: Just Don’t - The Autopian
The first thing I do when I sit in the new VinFast VF8 City Edition is attempt to lower my seat. I apply a bit of downward pressure on the lever and the plastic covering comes off in my hand.
“Ah, crap,” I think as I snap it back on. “I broke the car.”
Then the car begins to chime. Loudly. It seems that all the automated driving assistance features are kaput and need servicing.
Forward collision warning? Service Required. Blind-spot monitoring? Service Required. Rear cross traffic alert, traffic sign recognition, lane keeping assist? Service All, Y’all.
I haven’t even left the parking lot yet.
2023 VinFast VF8 City Edition First Drive: Just Don't - The Autopian
Emme Hall reviews the Vinfast VF8 City Edition Electric Car. It breaks. Do not buy it.
www.theautopian.com
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2023 VinFast VF8 First Drive: Return to Sender - MotorTrend
VinFast has the right idea, but the VF8 is nowhere near ready for the customer deliveries that are already happening.
Fifteen years ago, the foundations for my car-reviewing philosophy were laid by my first editor-in-chief, Angus MacKenzie. "It's simple," he told me, "I want all cars to be good, and I'm disappointed when they're not."
I apply it to every car I drive, new or old, stock or custom. Many of us in automotive journalism have even taken to saying there are no "bad" cars anymore, as even the least impressive cars on the market are all pretty decent nowadays.
That's no longer true. The 2023 VinFast VF8 is nowhere near ready for public consumption, yet it's already being delivered to customers.
It's too bad, because VinFast seems to have the right idea here. Two-row SUVs are the heart of the market, and especially so for EVs. The VF8 is roomy and loaded with features, and it has a competitive driving range.
Moreover, most of the problems with the VF8 could likely be fixed with over-the-air (OTA) software updates.
As it stands now, though, I'd be embarrassed to look a customer in the eye when handing over the keys to this vehicle. I've driven camouflaged prototypes that were far closer to production-ready than the in-production VF8.
2023 VinFast VF8 Electric SUV First Drive Review: Return to Sender
VinFast has the right idea, but the VF8 is nowhere near ready for the customer deliveries that are already happening.
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VinFast Is Going For It Anyway
A slew of bad reviews isn't enough to make the company reevaluate its U.S. debut
Way back at the VinFast VF8's first press event in Vietnam, Kevin Williams told us all just how much work the car needed. Last week, a slew of U.S. journalists got to drive it, and all said pretty much the same thing: It’s just not ready. But VinFast, it seems, doesn’t care about things like “reviews” or “word of mouth”—the company is determined to press on with its North American launch plans.
Speaking with Automotive News, VinFast’s North American CEO Van Anh Nguyen reaffirmed the company’s commitment to launching three more cars in the U.S. this year. She also seemed to reference the overwhelmingly poor reviews from the VF8's launch event, dismissing them as “noise:”
jalopnik.com
A slew of bad reviews isn't enough to make the company reevaluate its U.S. debut
Way back at the VinFast VF8's first press event in Vietnam, Kevin Williams told us all just how much work the car needed. Last week, a slew of U.S. journalists got to drive it, and all said pretty much the same thing: It’s just not ready. But VinFast, it seems, doesn’t care about things like “reviews” or “word of mouth”—the company is determined to press on with its North American launch plans.
Speaking with Automotive News, VinFast’s North American CEO Van Anh Nguyen reaffirmed the company’s commitment to launching three more cars in the U.S. this year. She also seemed to reference the overwhelmingly poor reviews from the VF8's launch event, dismissing them as “noise:”
VinFast Is Going For It Anyway
A slew of bad reviews isn't enough to make the company reevaluate its U.S. debut
jalopnik.com
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Honorary Master
VinFast unveils VF3 - small electric SUV with affordability in mind
VinFast VF3 looks tough and ready for any adventure, it looks just as good as Bronco and as capable as Wrangler. That’s until you realize it is just over 3 m long, and those aggressive wheels are only 16” in diameter - this is a real-life Tonka truck designed to look cool in a city jungle.
The company’s press release is full of vague quotes - the VF3 is suitable for a wide range of environments, it offers numerous benefits, and it apparently is equipped with smart features. What are any of those? VinFast forgot to elaborate.
When it comes to a technical specifications - we know even less. The company was gracious enough to assure us that the VF3 will have an electric motor and a battery with an impressive range. Who would it be impressive for? The next sentence explains a bit of background - the vehicle is apparently perfectly designed to fit the daily usage and needs of Vietnamese drivers.
Although we now know the VF3 will be exclusive to the Vietnamese market, it doesn’t explain why there is no technical specification, especially since this little SUV will go on sale in September. Vietnam is one of those places where the majority of urban commuting is done using private vehicles. Only 2.4% of the population owns a car though, with over 60% owning a scooter or a motorcycle - 94% of vehicles in Vietnam have two wheels.
www.arenaev.com
vinfastauto.us
VinFast VF3 looks tough and ready for any adventure, it looks just as good as Bronco and as capable as Wrangler. That’s until you realize it is just over 3 m long, and those aggressive wheels are only 16” in diameter - this is a real-life Tonka truck designed to look cool in a city jungle.
The company’s press release is full of vague quotes - the VF3 is suitable for a wide range of environments, it offers numerous benefits, and it apparently is equipped with smart features. What are any of those? VinFast forgot to elaborate.
When it comes to a technical specifications - we know even less. The company was gracious enough to assure us that the VF3 will have an electric motor and a battery with an impressive range. Who would it be impressive for? The next sentence explains a bit of background - the vehicle is apparently perfectly designed to fit the daily usage and needs of Vietnamese drivers.
Although we now know the VF3 will be exclusive to the Vietnamese market, it doesn’t explain why there is no technical specification, especially since this little SUV will go on sale in September. Vietnam is one of those places where the majority of urban commuting is done using private vehicles. Only 2.4% of the population owns a car though, with over 60% owning a scooter or a motorcycle - 94% of vehicles in Vietnam have two wheels.
VinFast unveils VF3 - small electric SUV with affordability in mind
VinFast is expanding its portfolio of electric vehicles as if there was no tomorrow - the new VF3 is designed to appeal to the masses with its low price and attractive looks but details are thin on the ground.
www.arenaev.com
VINFAST LAUNCHES VF 3 – THE MINI ELECTRIC CAR FOR THE MASS MARKET | VinFast
June 8, 2023, VinFast officially launched the VF 3, a mini electric car model designed specifically for the Vietnam market. Boasting a compact and contemporary design, the VF 3 offers numerous benefits, making it suitable for a wide range of applications and operating environments. This...
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Donut review of the Vinfast VF8
FiestaST
Honorary Master
Terrible Sales Won't Stop VinFast From Building U.S. Factory
VinFast is going ahead with its electric vehicle factory in North Carolina even though no one is buying its cars.
VinFast is going through it right now. Data shows that the Vietnamese electric vehicle maker has been able to shift just 128 of its ill-received EV crossovers in the first five months it has been on sale in the U.S. Still, according to Bloomberg, the company is planning to being construction of its own factory in North Carolina on July 28th as it heads toward taking itself public.
The plant will reportedly be located in Chatham County’s Triangle Innovation Point, and it’s expected to have an initial production capacity of 150,000 vehicles per year when it officially opens in 2025. Just for reference, that works out to be about 12,500 vehicles per month. Meanwhile, the company is only moving an average of 26 cars per month. Rough.
Bloomberg says the factory will consist of two main areas: electric vehicle production and assembly sites. The proposed complex is also going to house facilities for suppliers.
Back in March of last year, newly-minted President Joe Biden reportedly tweeted a statement from the White House that said the VinFast plant would create over 7,000 jobs. The factory will also have an initial investment of as much as $2 billion according to the company’s Chief Executive Officer, Le Thi Thu Thuy.
jalopnik.com
VinFast is going ahead with its electric vehicle factory in North Carolina even though no one is buying its cars.
VinFast is going through it right now. Data shows that the Vietnamese electric vehicle maker has been able to shift just 128 of its ill-received EV crossovers in the first five months it has been on sale in the U.S. Still, according to Bloomberg, the company is planning to being construction of its own factory in North Carolina on July 28th as it heads toward taking itself public.
The plant will reportedly be located in Chatham County’s Triangle Innovation Point, and it’s expected to have an initial production capacity of 150,000 vehicles per year when it officially opens in 2025. Just for reference, that works out to be about 12,500 vehicles per month. Meanwhile, the company is only moving an average of 26 cars per month. Rough.
Bloomberg says the factory will consist of two main areas: electric vehicle production and assembly sites. The proposed complex is also going to house facilities for suppliers.
Back in March of last year, newly-minted President Joe Biden reportedly tweeted a statement from the White House that said the VinFast plant would create over 7,000 jobs. The factory will also have an initial investment of as much as $2 billion according to the company’s Chief Executive Officer, Le Thi Thu Thuy.
Terrible Sales Won't Stop VinFast From Building U.S. Factory - Jalopnik
VinFast is going through it right now. Data shows that the Vietnamese electric vehicle maker has been able to shift just 128 of its ill-received EV crossovers in the first five months it has been on sale in the U.S. Still, according to Bloomberg, the company is planning to being construction of...
jalopnik.com
FiestaST
Honorary Master
VinFast and Black Spade's agree on €25 billion prelude to an August IPO
In a world where EV startups pop up like weeds, VinFast, a Vietnamese automaker, is breaking the mold by not just talking the talk, but also walking the walk. Recently, they orchestrated a groundbreaking ceremony for a new manufacturing facility in North Carolina.
While the good folks were busy digging up North Carolina's fertile soil, VinFast threw in another surprise. The Securities and Exchange Commission's (SEC) approval of their F-4 filing – an integral part of their grand plan to merge with Black Spade Acquisition Company, a SPAC known for its knack for strategy.
The expected outcome? A daring leap into the public market, with an initial public offering (IPO) planned for August. But before we get ahead of ourselves, let's look into this exciting development a little deeper.
Madame Thuy Le, VinFast's Global CEO, with a subtle nod of satisfaction, commented, "Today is more than just a step towards expanding our US presence - it's a leap. This journey brings us not only to the brink of our US listing but also to the birth of our EV factory here in North Carolina."
Black Spade's chairman and co-CEO Dennis Tam echoed the enthusiasm, stating, "This SEC approval is no small feat; it sets the stage for our union with VinFast. Our partnership will put us on the map for long-term success."
www.arenaev.com
In a world where EV startups pop up like weeds, VinFast, a Vietnamese automaker, is breaking the mold by not just talking the talk, but also walking the walk. Recently, they orchestrated a groundbreaking ceremony for a new manufacturing facility in North Carolina.
While the good folks were busy digging up North Carolina's fertile soil, VinFast threw in another surprise. The Securities and Exchange Commission's (SEC) approval of their F-4 filing – an integral part of their grand plan to merge with Black Spade Acquisition Company, a SPAC known for its knack for strategy.
The expected outcome? A daring leap into the public market, with an initial public offering (IPO) planned for August. But before we get ahead of ourselves, let's look into this exciting development a little deeper.
Madame Thuy Le, VinFast's Global CEO, with a subtle nod of satisfaction, commented, "Today is more than just a step towards expanding our US presence - it's a leap. This journey brings us not only to the brink of our US listing but also to the birth of our EV factory here in North Carolina."
Black Spade's chairman and co-CEO Dennis Tam echoed the enthusiasm, stating, "This SEC approval is no small feat; it sets the stage for our union with VinFast. Our partnership will put us on the map for long-term success."
VinFast and Black Spade's agree on €25 billion prelude to an August IPO
In a business world charged with high stakes, Vietnamese automaker VinFast and Black Spade Acquisition Company choreographed a {{$27}} billion merger dance towards an August IPO.
www.arenaev.com
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Honorary Master
Vietnamese car maker Vinfast valued at more than Ford and GM
US investors back electric car maker to take on Tesla despite the firm not having made a profit yet
www.autocar.co.uk
US investors back electric car maker to take on Tesla despite the firm not having made a profit yet
Vietnamese car maker Vinfast valued at more than Ford and GM | Autocar
US investors back electric car maker to take on Tesla despite the firm not having made a profit yet
Lol i know why this is from the expo i saw them at last year... knew it was coming.Terrible Sales Won't Stop VinFast From Building U.S. Factory
VinFast is going ahead with its electric vehicle factory in North Carolina even though no one is buying its cars.
VinFast is going through it right now. Data shows that the Vietnamese electric vehicle maker has been able to shift just 128 of its ill-received EV crossovers in the first five months it has been on sale in the U.S. Still, according to Bloomberg, the company is planning to being construction of its own factory in North Carolina on July 28th as it heads toward taking itself public.
The plant will reportedly be located in Chatham County’s Triangle Innovation Point, and it’s expected to have an initial production capacity of 150,000 vehicles per year when it officially opens in 2025. Just for reference, that works out to be about 12,500 vehicles per month. Meanwhile, the company is only moving an average of 26 cars per month. Rough.
Bloomberg says the factory will consist of two main areas: electric vehicle production and assembly sites. The proposed complex is also going to house facilities for suppliers.
Back in March of last year, newly-minted President Joe Biden reportedly tweeted a statement from the White House that said the VinFast plant would create over 7,000 jobs. The factory will also have an initial investment of as much as $2 billion according to the company’s Chief Executive Officer, Le Thi Thu Thuy.
Terrible Sales Won't Stop VinFast From Building U.S. Factory - Jalopnik
VinFast is going through it right now. Data shows that the Vietnamese electric vehicle maker has been able to shift just 128 of its ill-received EV crossovers in the first five months it has been on sale in the U.S. Still, according to Bloomberg, the company is planning to being construction of...
the issue however, is they seem to be getting a lot of quality issue complaints. Wonder how they actually gonna hold up against Chinese electric car makers. BYD seems to be doing pretty well, and the Chinese certainly have a longer history of vehicle manufacture.
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Why VinFast Is Likely To Fail Fast In The American Car Market
An unknown brand with a poor quality product in a crowded segment, what could go wrong?
Vietnamese automaker VinFast is attempting to do what few unknown car brands have successfully accomplished: take a solid foothold in the American car market. Wall Street analysts seem bullish on this idea, giving VinFast a market value greater than GM and Ford. This defies logic on several fronts, and I hope someone can explain why a company that seems doomed to fail, can survive and flourish.
I’ll admit that I am not an investment expert, but having run a car buying service for over ten years I’m pretty knowledgeable about what customers are looking for and what products do well versus which ones do not. Based on my experience, I don’t see any outcome where VinFast does not crash and burn, and here is why.
jalopnik.com
An unknown brand with a poor quality product in a crowded segment, what could go wrong?
Vietnamese automaker VinFast is attempting to do what few unknown car brands have successfully accomplished: take a solid foothold in the American car market. Wall Street analysts seem bullish on this idea, giving VinFast a market value greater than GM and Ford. This defies logic on several fronts, and I hope someone can explain why a company that seems doomed to fail, can survive and flourish.
I’ll admit that I am not an investment expert, but having run a car buying service for over ten years I’m pretty knowledgeable about what customers are looking for and what products do well versus which ones do not. Based on my experience, I don’t see any outcome where VinFast does not crash and burn, and here is why.
Why VinFast Is Likely To Fail Fast In The American Car Market
An unknown brand with a poor quality product in a crowded segment, what could go wrong?
jalopnik.com