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However, VinFast’s path to becoming a purveyor of competitive EVs has been a bit bumpy, to say the least. VinFast is also taking reservations on the VF9, a flagship, three-row, 7-seater crossover that delivers up to 330 miles of range with a starting price of $83,000. Plans are in place for smaller VF6 and VF7 crossovers to slot below the VF8 and VF9.

Pricing and range

The company has not announced what the leasing price will be after the initial 100 are sold. VinFast is offering the three-row VF 9 EV in two grades, Eco and Plus. Both get dual-motor AWD systems and have 402 horsepower and 457 lb-ft of torque from their electric motors. But 20-inch wheels instead of 21s and a bit less equipment means Eco models deliver significantly more range.

1. ButVinfast currently has no plans to enter China, another one of the largest automotive markets in the world.
2. The VF e34 delivers a sophisticated, smart technology experience to the sea of sameness all-electric crossovers through intuitive technologies to enhance your drive.
3. VinGroup boasts that its not-for-profit VinSchool, serving students in kindergarten through 12th grade, is now the largest school system in Vietnam.
4. The Eco model will follow later this year, the company said.

However, as of April 2024, no further work had been done at the site, calling its ultimate completion into question. While VinFast definitely intends to bring the benefits of EVs to its home country of Vietnam, it also has plans to export them around the world. By May of 2023, VinFast was ready to begin its assault on the U.S. The company’s first shipment of 999 City Edition versions of the VF8 arrived. Automotive journalists from SlashGear and other publications drove and evaluated them. VinFast is the automaking subsidiary of billion-dollar Vietnamese conglomerate Vingroup, a huge corporate entity in Vietnam.

More from Electric Vehicles

VinFast was founded in 2017 as a subsidiary of Vingroup, one of Vietnam’s largest conglomerates. The firm makes electric SUVs, scooters and buses, which are sold in Vietnam and North America. Vuong, the chairman of both Vingroup and VinFast, saw his own wealth soar by approximately $39 billion on Tuesday as shares of the carmaker shot up, according to the Bloomberg Billionaires index. With a modern, unique design, equipped with outstanding smart technologies and features, strong and safe operation, VF 5 Plus fully converges the elements young users are seeking. Fleetingly the world’s third-most Accumulation distribution indicator valuable automaker, Vietnam’s new EV manufacturer is coming to America.

VinFast VF 8 First Drive Review: Testing Vietnam’s First EV for America

While my very brief drive of VinFast’s electric future took place in a preproduction prototype, you won’t have to wait long 5 best ecn brokers in the usa 2023 ️pros and cons revealed to have your chance to buy a VF 8 — plans call for initial examples to land in US driveways by year’s end. In fact, the young automaker even expects to deliver the first units of its larger sibling, the handsome three-row VF 9 EV, before 2023. These are hugely ambitious goals, but the company already has an established track record for accomplishing the nearly impossible, thanks in part to an executive team made up of industry veterans. VinFast started in 2017, and just 21 months later, it had three different passenger cars in production in a massive, fully modern factory complex in Haiphong, about two hours east of Hanoi. Those first models were admittedly based heavily on tech purchased from other automakers like BMW, but even so, the accomplishment can’t be overstated. In fact, the young automaker even expects to deliver the first units of its larger sibling, the handsome , before 2023.

Pininfarina is most famous for its history designing classic Ferraris. More recently, Vinfast has been shifting to electric vehicles, like the small VF e34 crossover being offered in Vietnam. Both sedans used engineering from German luxury automaker BMW, including its engines. The company now also offers gas-powered SUVs in Vietnam with BMW engines, including a high performance model called the President. Impressions from the VinFast VF8 first drive were a mixed bag. While the VF8 was nicely styled by Pininfarina, with prominent V elements front and rear, its design was not distinctive when compared to other vehicles of its type.

What’s Going On With VinFast Auto Stock Today?

It features outstanding efficiency and modern styling throughout. Every detail has been considered in the engineering of the 3-row seating all-electric VF 9 from premium interior/exterior design to the latest industry technology innovations for a distinctive driving everything you need to know about bonds experience. By comparison, Volkswagen Group sold 8.3 million vehicles in 2022 and Ford sold 4.2 million.

Work with our award-winning creative services studio and advertising agency to bring your brand or product story to life. But the reviews we’ve read have been perhaps the most brutal we’ve seen for a modern car. Motortrend called the VF8 “nowhere near ready for public consumption.” Inside EVs described riding in the VF8 as “unbearable.” These are not exactly promising signs. According to an SEC filing, his Vingroup controls 1.2 billion shares in VinFast, more than 50 percent of outstanding shares. Two of his private investment companies, Vietnamese Investment Group and Asian Star, own an additional 1.1 billion shares. Combined, the entities own about 99.7 percent of the company.

In July, it broke ground on a new factory in North Carolina, which it hopes to use as a base for US sales. The company says the facility may eventually reach capacity of 150,000 vehicles a year. The VF8 also comes with the standard suite of advanced driver assistance systems (ADAS) similar to most contemporary vehicles.