There is already so much competition, especially in the bread-and-butter segments of midsize SUVs. But VinFast will only be making electric vehicles for sale in the U.S., and while more and more EVs are showing up or planned every day, it’s still a segment that’s ripe with potential. We need only look at Tesla as Exhibit A. In about a decade it went from startup to being the best-selling luxury automaker in America.
Lineup of Models
Recovering from this bad press won’t be easy, but don’t count VinFast out just yet. There are reasons to think that it may be able to turn things around. For one, several of the issues that troubled reviewers can be addressed with software updates, making them fairly easy to fix. 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. By contrast, VinFast is a brand-new name that we wouldn’t blame you for not recognizing.
- Below is a detailed overview of its geographical operations and revenue contributions.
- However, as of April 2024, no further work had been done at the site, calling its ultimate completion into question.
- It is available for reservation on the VinFast website at a cost of $69,800 for the Eco trim and $73,800 for the Plus trim.
- And its modern factories in Vietnam appear to be only the beginning.
- In the United States, VinFast’s long-term success is still a question mark, as it is still getting up and running.
Unveiling of the full electric vehicle line-up across all segments. Establishment of VinFast’s state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90% automation in Hai Phong, Vietnam. But it’s not,” referring to the VF8’s starting price of over $50k. While NHTSA hasn’t yet rated the safety of the 2023 VF8, it has recorded two recalls and over a dozen complaints, which certainly doesn’t help. 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.
The purchase option at the lease end, excluding tax, title, and government fees, is $26,738, plus a purchase option fee of $350. Cash due at signing includes $279 first month’s payment, $695 acquisition fee, $0 down payment and $0 security deposit. Through November 30, 2025, lease offer is available on the new 2025 VinFast VF 8 Eco model leased through authorized VinFast dealers (offer subject to change based upon availability).
Parent Company Details
The likely next model to come to the U.S. is VinFast’s VF9, a three-row SUV. It is available for reservation on the VinFast website at a cost of $69,800 for the Eco trim and $73,800 for the Plus trim. While both trims have 402 horsepower, the Plus has added luxury features, as well as a shorter range of 291 miles, compared to the 330 miles for the Eco. In terms of service, support, and warranty, the VinFast VF8 offers over-the-air updates and a 10-year/125,000 mile warranty with 24/7 roadside assistance that covers every part in the car.
The VinFast VF8 may not be ready for prime time
VinFast has already broken ground on a manufacturing plant in North Carolina, which certainly projects the idea that it is confident about the brand’s future here in the United States. And there are plenty of bright spots to be found in reviews of the VF8, from its real-world range exceeding its EPA numbers to the spacious interior. But there’s no denying that the company has a steep climb ahead of it.
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Kelley Blue Book® Values and pricing are based in part on transactions in your area. Your ZIP code also helps us find local deals and highlight other available offers. Through global partnerships with trusted suppliers and organizations, and unprecedented investment in R&D, VinFast is ready to lead the EV revolution. We believe a sustainable future is only possible when everyone can enjoy access to smart, safe, and environmentally friendly EVs.
Rivian Automotive, Inc.: Revolutionizing the Electric Vehicle Industry
Starting out with a reputation for poor quality could be the end of VinFast before it has a chance to establish itself in the U.S. We had a chance to briefly drive a very pre-production version of the VF 8. From our limited experience, the cars appear well-built and potentially competitive. Our test model needed further tuning, especially with initial throttle application, but these are relatively easy modulations. VinFast worked with famous Italian design house Pininfarina on the models. If Pininfarina was good enough for Ferrari, it’s certainly good enough for this fledgling automaker.
This award recognizes VinFast’s unwavering commitment to the highest class of safety ratings for its new range of electric vehicles over the next two years. This includes committing to achieve five stars from the NHTSA (National Highway Traffic Safety Administration) in the USA, 5-star Euro NCAP in Europe. The future is famously hard to predict, and the news about VinFast is such a mixed bag that things get even more complicated. The brand is owned and operated best forex indicators by a company with plenty of money to spend on getting things right and big ambitions globally.
- Automotive journalists from SlashGear and other publications drove and evaluated them.
- 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.
- VinFast says it has shipped 3,000 vehicles to North America.
- Then, before the launch event, VinFast also displayed the cars at various public spaces in India, like malls and airports, and they got good attention there too.
The used market for VinFast vehicles is practically non-existent due to the brand’s recent entry into the market. Given the negative reception of early models and the company’s uncertain future, buying a used VinFast would be a significant risk. VinFast’s product portfolio is designed to address various market segments, with a strong emphasis on electric cars for global expansion and scooters for domestic dominance. VinFast’s cars are already popular and sought-after in Vietnam, and are a point of pride there. In the United States, VinFast’s long-term success is still a question mark, as it is still getting up and running. In the short term, however, VinFast appears to be a serious player.
VinFast broke ground on its North Carolina plant to build EVs in America. Per the website, the company has opened up 13 showrooms — all in California. VinFast says it has shipped 3,000 vehicles to North America. Initial plans called for Tesla-like direct-to-consumer sales, but VinFast is open to working with dealerships.
It has since plummeted below $20, about where it was before the rally started. With a daringly futuristic design, the all-electric compact VF 7 combines dynamic exterior styling with a spacious, driver-focused, intelligent interior. VinFast has established a significant presence in Vietnam and is rapidly expanding into international markets. Below is a detailed overview of its geographical operations and revenue contributions.
VinFast Auto Ltd. is headquartered in Singaporeにとり、with its core operations in Vietnam. The company specializes in the design, manufacturing, and distribution of electric vehicles, aiming to redefine mobility through eco-friendly and technologically advanced solutions. Listed on the NASDAQ under the ticker VFS, VinFast is a key subsidiary of Vingroup Joint Stock Company (Vingroup), Vietnam’s largest conglomerate, which provides significant financial and strategic support. If VinFast simply wanted to bring traditional gas-powered vehicles to the U.S., it would be an extremely difficult task.