VinFast is the automaking subsidiary of billion-dollar Vietnamese conglomerate Vingroup, a huge corporate entity in Vietnam. The company is run by Pham Nhat Vuong, who initially made his fortune in instant noodles, then followed that up with another fortune in real estate. The Vingroup empire spans theme parks, resorts, food and clothing stores, cell phones, apartments, hospitals, schools and universities. It also has divisions specializing in AI and Big Data, which will contribute to VinFast’s intelligent driving systems. A first-time EV driver gets behind the wheel of the new Polestar 4. Here’s what she experienced, and her advice to other newbies.
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VinFast’s subsidiaries are strategically aligned to support its global expansion, with the Vietnam-based entity driving the majority of revenue. VinFast’s rapid growth from a startup to a NASDAQ-listed EV manufacturer in less than a decade underscores its aggressive strategy and Vingroup’s financial backing. The company continues to invest in innovation and global market penetration. Announced prices are subject to change and do not include destination charge or any applicable tax, title, registration, and license fees. Get the latest news, learn about the exceptional features crafted into every VinFast, and find out more about our mission to drive the world to switch to all-electric mobility.
The company says it has 55,000 reservations for its EVs worldwide, but hasn’t given a breakdown of how many of those are from the U.S. Anecdotally, on our trip with VinFast to Vietnam, we met several U.S. and Canadian customers who have put down deposits on multiple VinFast vehicles and were invited by the company as VIPs. VinFast recently invited Kelley Blue Book to its home country to see what the company is all about, tour its factories, and hear about its ambitious plans for introducing its cars to the United States.
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 experience. Vingroup Joint Stock Company is VinFast’s parent company, holding a 51% stake. Founded in 1993 by Pham Nhat Vuong, Vingroup is Vietnam’s largest private conglomerate, with operations spanning real estate (Vinhomes), healthcare (VinMec), education (VinSchool), and technology (VinAI). I understand that my consent is not a condition to purchase any product or service and that I can revoke my consent at any time. Please visit VinFast’s Privacy Policy for more information about our data handling practices and your privacy choices and rights.
- VinFast still doesn’t have much brand recognition in America, and those who have heard of the company have probably heard bad things.
- The VF9, a larger midsize SUV with three rows of seating, is due to arrive next, and VinFast is currently taking reservations.
- On the brand’s American website, the company rounds out its lineup with the compact VF7 and subcompact VF6, though for now, you can only “stay updated” on these models since it is not yet taking reservations.
- Overall, the VF8 exhibited many bugs to be worked on if the company wants sales success in the U.S.
The VF e34 delivers a sophisticated, smart technology experience to the sea of sameness all-electric crossovers through intuitive technologies to enhance your drive. A new energy of affordability, a competitively priced, all-electric vehicle is here with the Vinfast VF 6. It features outstanding efficiency and modern styling throughout.
- Anyhow, the “Fast” in VinFast is actually an acronym, and roughly translated its letters in Vietnamese mean style, safety, creativity, and pioneering.
- From our limited experience, the cars appear well-built and potentially competitive.
- Current pricing for the VF8 is $46,000 for the Eco trim, and $51,800 for the Plus.
- 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.
- When you start with a vehicle like the VF8 that is not fully developed, you have a recipe for disaster, as consumers will run from a product if it does not work properly.
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The VF8 also comes with the standard suite of advanced driver assistance systems (ADAS) similar to most contemporary vehicles. The adaptive cruise control worked well, but the lane-keeping assist and blind spot warning did not. Overall, the VF8 exhibited many bugs to be worked on if the company wants sales success in the U.S.
Tax, title, license, registration, and dealer fees are additional fees due at signing. Through November 30, 2025, lease offer is available on the new 2024 VinFast VF 9 Plus model leased through authorized VinFast dealers (offer subject to change based upon availability). Not all applicants will qualify for this offer; terms will be based on credit qualifications.
How have the reviews been for VinFast cars so far?
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.
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The company recently announced it is investing $2 billion in a factory in North Carolina. That will enable VinFast to build cars here in America, too. Sign up here to find out more about the exceptional features crafted currency converter tool into every VinFast, and our mission to drive the world to switch to electric vehicles. As a new model from a company that’s brand-new in the States, the VF8 already has a lot working against it. Word of mouth is limited since the model is so new, and there aren’t many VinFast customers around to share their experiences.
Maybe you even clicked on this article because you were confused when you saw the name “VinFast” and wanted to learn more. If so, you’ve come to the right place because we’re going to start from the basics and tell you everything you need to know about this Vietnamese Automaker. As India races toward cleaner mobility, VinFast wants to be at the centre of that journey, bold, ambitious, and ready to compete. 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. Meet the all-electric VinFast VF 3, establishing a fun, playful approach to electric mobility among micro-SUVs for you to be set apart to express your unique life adventures.
VinFast’s international markets include North America, i.e USA & Canada, Europe, the Middle East, India, the Philippines & Indonesia. In its home market, Vietnam, VinFast has become the top car seller, and globally, the brand has crossed one lakh vehicle sales in the first nine months of 2025. The first car on sale is the VF8, a midsize, five-seater crossover. An early VF8 city edition achieved around 200 miles of range with less sophisticated battery tech. VinFast’s board of directors comprises experienced leaders from Vingroup and the global automotive industry. Below is a list of key directors with their roles and backgrounds.
VinFast Global Manufacturing Plant (Hai Phong)
The VF6 gets a 7-year/1.6 lakh km cover, and the VF7 is covered for 10 years/2 lakh km. At the heart of VinFast’s global ambitions is its state-of-the-art manufacturing complex in Hai Phong, Vietnam. This is one of the most advanced automotive facilities in Southeast Asia, with an annual production capacity already in the hundreds of thousands. However, VinFast does not appear to be selling many vehicles so far. The company recently revealed that 7,100 of its 11,300 global sales in the first half of 2023 were to Green and Smart Mobility, a Vietnamese taxi firm controlled by Vingroup. Delivering the latest in technology innovation, the all-electric VF 8 mid-size SUV brings with it the most advanced enhanced driving, safety and entertainment features for your sustainable lifestyle.
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The factory also allows them to qualify for federal tax credits, meaning they could make their vehicles more affordable to a wider audience. Also revealed at CES 2024 was the production model of the cute VinFast VF3, a mini SUV. At just over ten feet long, it is designed to be an entry-level EV. The VF3 comes with a 32kW motor with 43 horsepower and an 18kWh battery. The VinFast VF3 was initially offered in Vietnam at a special promotional price of the local equivalent of $9,248 excluding battery, or $12,390 with battery included.
The navigation system acted as though it was still in Vietnam. The HUD had no indicators for the turn signals, leaving the driver to wonder whether or not they were working. A new Mercedes-Benz concept car uses solar photovoltaic paint to recharge its battery wherever it is parked. VinFast earned two 5-Star NCAP ratings at ASEAN NCAP (New Car Assessment Program for Southeast Asian Countries) delivering on VinFast’s commitment to road safety with the very first models that the ASEAN NCAP have tested.
Tesla made a big splash with its EVs, and Rivian quickly became well-known for its all-electric pickup truck. 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. VinFast are also offering some very unique perks in terms of warranty periods for the battery packs with an unprecedented 10-year 2,00,000km battery warranty.
It comes with modern, sharp styling, a digital cockpit, and clever use of space, perfect for first-time EV buyers who still want tech and flair. Founded in 2007, Gear Patrol is the definitive buying guide for enthusiasts. Our independent experts test the best in cars, tech, home, outdoors, style and watches. We combine hands-on testing, decades of experience and original photography to craft reports, reviews and guides. This pushed its market cap higher than every automaker globally except Tesla and Toyota.