How This Vietnamese Carmaker Is Trying To Beat Tesla In The U.S.

The Vietnamese EV brand VinFast is an unknown name from a country with a tiny auto industry. But the company has already opened six stores in California and has plans for many more. It also is building a $2 billion factory in North Carolina and is planning an IPO, though timing is uncertain. It has partnerships with leading industry firms, such as LG Chem, Gotion, Pininfarina, ZF. And it has recruited alumni from some of the world’s top automakers, including Ford, General Motors, Toyota, Hyundai, Porsche, Jaguar-Land Rover, Volkswagen, and others.
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How This Vietnamese Carmaker Is Trying To Beat Tesla In The U.S.

[@apolloomd4939]

As an American. I want to see them succeed. Goodluck Vinfast. Make sure you have worked out all the kinks and have a safe vehicle or you won't last long here.

[@pattypetty9615]

Well Tesla has & ah do you truly believe it's ah perfected? Or a great deal?

[@jaredcarter7725]

Tesla makes cars in America why do u want an importer to succeed past Tesla

[@braveboy1010]

@@jaredcarter7725 Market competition leads to better product prices for consumers.

[@workspilot.]

Polestar and Lucid are better off!

[@quangvinhle1361]

Thank bro .

[@MaThienThan]

They honestly do not need to triump Tesla in order to succeed, as the EV market has room for many players. Buidling reliable, safe cars with "slick" design but at a affordable price point should be enough. Well, that and tremendous amount of capital to withstand the competition that is trying to do the same exact thing. US should be the most open-minded market since they already buy imported cars from many other countries. As a Vietnamese myself, I would think that seeing the success of this would be a critical moment for Vietnam manufacturing industry. Truly hope they can succeed.

[@onespeedlite]

"Has room for many players" The opposite is true. There are many players, but there is no room.

[@peryole]

There’s 0 chance in hell that I’d ever pay over 40k for a car and then have to pay for a battery on a separate bill monthly and for a brand no one has ever heard of. This is doomed to fail in this country. This is not Vietnam, the US is massive and 310 miles is something that would be used up in less than a week, but they want it to be a 1 month allowance. What happens if the car is stolen or totaled in an accident, who pays for the battery?

[@Username-jb2vs]

They have to start somewhere. From what I've heard they are getting pointers and directions from some pretty big companies. Namely Porsche for one. The bar is high for sure. But they have the deep pockets to make the changes necessary to stay alive in our market and with everyone going ev this couldn't be a more perfect time to jump in. Time will tell. I won't buy one until there has been a minimum of 4-5 generations. We shall see.

[@lukex3353]

Lol, the vietnames think you guys will pay for that.

[@NamNK_]

This is just not real, the vf8 is full of errors so u cant even have a chance to buy it in US anyway, not to mention about the price. This is a scheme 😅

[@maily8388]

That’s a recipe for failures renting batteries.

[@thansetvo2557]

The Vietnamese think Americans are diot hahahhaah

[@nancynails9692]

I hope Vinfast know that in America they can't get police arrest and put buyers in prison when buyers complain about their product's faults.

[@yeah_right88]

Wtf are you talking about weirdo?

[@ethan167]

@@yeah_right88 calling someone weirdo while you don’t understand what she is saying 😂😂😂

[@grimplays8639]

Are your referring to your nail business???

[@DungPhan-2002]

Bạn là đám lưu vong chạy trốn của Việt Nam

[@redstick7253]

@Grimmy No, but she's right! Once in the past they did in their country to their customer.

[@PutinGayTwin]

Forcing the customer to buy the battery subscription right away, when they just bought the car is a bad bad idea. Who the hell just bought a 50k car and making payment for it plus the battery subscription? Plus, when you buy a brand new car, you will expect that car to works good, not needing any repairs. If the car doesn't needs repair, then why the hell would I need the subscription for?

[@michaelbishop3439]

Just in case if the car needs repairs and if you can't find an EV mechanic to fix it for you or too expensive get parts you gonna have a subscription in order not only to get your cost down dramatically but can easily get your vehicle fixed.

[@larryhandley6636]

They had me all the way up until I heard the word "subscription" for the battery. Nah.

[@ktpeters4827]

I saw only 2 VinFast on the streets in Vietnam when I was there in July .And a lot of Honda and Toyota on the streets in Vietnam

[@lahandri7275]

You right, those Electric car most of them are in northern Vietnam Ha noi,Hai Phong (not in the central and southern Vietnam). And the Vinfast Electric scooter are expensive and hilariously slower than my Yamaha Sirius Type R 1st generation from 1999-2005 100cc engine , Yamaha Sirius Type RC 2nd generation 2006-pre 110cc

[@huyquang6308]

Nhà tao mua 2 cái tao ở TPHCM

[@ktpeters4827]

@@huyquang6308 mấy người vietnam ở Mỹ nói ai chạy xe vinfast là cháu ngoan bác hồ .Không biết tại sao họ nói vậy

[@damiann4734]

The car looks great. I really like the idea of leasing battery. Unfortunately not alot of consumers aware how fast a lithium battery degrade. They still think battery will last 10 years if they look after it lol. No! It degrades everytime you drive and charge. If you leave your car outdoor, it will degrade even faster. Lithium battery technology hasn't progressed far and will not be for a long time. Also, when battery gets below a certain capacity, the battery is very volatile meaning it could explode. This is why owning your battery is not a good idea! You rather not pay up front, and always be guaranteed to have a battery working at 100% capacity all the time. Also, alot of people think only market is the end consumers. There are car rental markets where they would want insurance on the battery. Most car insurance do not cover wear and tear. This is why I think VinFast will have an edge over other makers. Having said that, I'd like to see VinFast to provide customisable battery subscription so it will fit with budget at all levels.

[@AssassinCreep2552]

I think the battery lease program is not going to go over well in the USA. Because no one wants to pay $450 to 750 for a EV and still have to fork over another$110 a month along with insurance payments. I think Vinfast cars are beautiful but I think they should have started out with the VF 6 or VF7 they are the 2 best looking vehicles. And should be cheaper than VF8 or 9. The average American spends about $22K to S28k for gas cars so spending $40k plus for unknown plus paying for battery on top of that each month is a little too much for most Americans. They need the Vf5,vf6 and vf7 to be in the $30k range. I wish them luck

[@ninh05]

This is kind of the confusing part, with the battery lease. I think their intention is good, where they’re not passing the risk of owning the battery to customers. Because if you lease to own, the car price would be higher, cost of repair and maintenance, and cost of disposal is yours to pay. The tricky and challenging part for Vinfast is customers will think this additional costs and not incentives.

[@t_q1799]

WARNING: AVOID VinFast. This is another company that is controlled and governed by the vague communist party, and beguiles workers in Vietnam and arrests them. VinFast needs to get out of the US’ soil immediately! ❌

[@trungkn]

Price VF7 ~ VF9, not cheap bro

[@joescorner3061]

The battery lease is to lessen the burden on capital investment. You pay for the battery as you use and as a guarantee for battery replacement when faulty. However, the terms on the battery lease is not fully explained.

[@alanha7163]

This guy knows it. So TRUE.

[@relaxingtube6632]

I think VinFast should listen to American buyers. We do not want to lease the battery. And or give buyers 2 options to choose from, either buy the whole car with battery and or lease battery. If the price is right, buyers will support this new brand. That’s it … life is simple :)

[@Infinityand1]

Yep. The moment I heard their plan is to lease the battery, I was just like, "NOPE!" As I see it, the problem stems from a lack of understanding of the average consumer’s motivations for purchasing an EV. By far the biggest draw of EVs is escaping the money-drain that is driving a gasoline-powered car. Recent inflation of gas prices has only served to solidify this priority in the mind of the consumer, so they will be looking for something that, outside of repairs and insurance, doesn’t have a high recurring cost associated with operation. They don’t want to replace the cost of gas-they want to eliminate it entirely. By utilizing what essentially amounts to a subscription model (especially with a base that is charged whether they are driving the car or not), the biggest benefit of owning an EV is completely negated. It doesn’t matter whether the money is going to fuel or a battery lease, the result on the consumer’s wallet is the same. The importance of this to the average Joe will only be further compounded by the coming economic downturn and, when money gets tight, the first thing people start looking to cut will be subscriptions. Since this company will be going to market in the middle of that downturn, car buyers will place extra priority on how the pricing is structured. This means a whole new monthly subscription is going to be a hard sell to people who are already trying to cut expenses on gas and other unnecessary expenses, especially when most other EV companies (especially major car companies that will have completed their EV pivot by this point) won’t be charging a subscription at all due to better understanding of the American consumer's psychological profile. People here are very accustomed to a certain ownership model for cars: once you own it, you own the whole thing; if you need to repair it, you can choose to bring it in and get it fixed, but you don’t have to because it’s completely your car. People won't want to cede complete ownership of their cars, especially in the midst of a recession. Seeing as most people will view battery replacement as a "repair" that that they have to subscribe to just to operate the car, they will be far more aware of the fact that they are being charged a subscription for what would usually be a one-time cost if they had bought from any other company and that they do not completely own their car regardless of whether it is paid off in full. It seems like many newer players in the EV space are approaching the vehicle market from a SAAS mindset without considering that, by the time they actually start selling cars, the consumer they will be faced will have very different priorities from that of today. I simply don’t think customers will be willing to take on an additional, inflexible subscription when there are other, non-subscription EVs available.

[@kevinng8083]

Yeah... Vinfast always to listen the customers by calling police to catch them if they have any complaints about Vinfast ' car..

[@Charlie35Bui]

I remember that a buyer who is from Norway had a hot video KZbin with Tesla. He exploded his car because changing new battery is very expensive. He wants to show his anger to Tesla battery. I think during next 5 to 10 year, battery technology still dont have big change, and Vinfast solution to lease battery is a good idea.

[@mayoau8518]

@@kevinng8083 your tesla must be really nice. When I insult your parents, saying that your children will die, your parents are animals, do you feel angry? So stop judging or badmouthing something that doesn't exist. You live in the free country, so you have the right to say whatever you want. Live a decent life.

[@LouisSubearth]

Battery leasing is a good model, especially when battery life is one of the largest concerms for would be EV buyers. They're concerned that they'll eventually have to pay more than the car is currently worth on a new battery down the line, and a battery leasing program can put them at ease, so every set amount of time, batteries are replaced and the lease is renewed, and lease terms can change as battery technology makes them more durable and longer lasting.

[@oliviabethofort5546]

I have to admit Pininfarina did a great job giving Vinfast VFs a unique, elegant and beautiful design. Most of modern vehicle brands are recognized by their small logos, which cannot tell them apart from a distance, especially at night. However, if you look at a Vinfast's front, back or sides, particularly VF9, you know it's Vinfast with letter Vs and the unique V-shaped led lines from a distance or at night.

[@dschannel5273]

No one wants to be recognized in driving a VinFast. It's the bottom of the food chain and not something people would go around and brag about it.

[@iluxman]

@@dschannel5273 Are you billionaire? Take out your wallet and count😂😂🤣🤣😁😁

[@dschannel5273]

@@iluxman don't know your point but obviously EVs are not made for billionaire and there are tons of options out there.

[@ezioauditore5616]

@@dschannel5273 i was checking vinfast and i think they are paying for trolls here in youtube

[@proud4373]

@@dschannel5273 "EVs are not made for billionaire and there are tons of options out there"??? Did you know how many Americans actually owned an EV? According to insideevs in May 2022, officially registered EVs accounted for only 4.6% of the overall American car market nationwide. What did the number 4.6% tell you? How many Americans could afford an EV? Tell me.

[@acefullking]

I wish them the best, but it needs to be much more affordable than other brands to be compatible. If the price isn't compatible, I can't see myself going after an unknown VinFast over other well-established brands.

[@normanlee4322]

Everything this guy touched will turn gold, maybe it is the largest car company if the future.

[@SSGoatanks]

I can see Vinfast selling "Try before you buy" promotions, where drivers can rent the EV before fully committing to the full sale.

[@presley492]

The biggest mistake you can make when investing is to think that you are smarter than the market. It’s almost impossible to time the consistency, you will miss out on great opportunities if you do this. simply DCA into high conviction stocks and let your position grow.

[@stansburyclarice4968]

My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless

[@candideharrison5568]

The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading

[@luiskoogler7926]

May I ask which stocks are good? I've been looking at a few different ones but want others' opinions as well

[@stansburyclarice4968]

what i think you need is a Financial Adviser, who can help you get in and out of any stock you buy at any time and you'd sure be in Profit

[@susannabruemmer3683]

I have seen loads of news of Teresa Jensen White on the internet, she must really be that good for she to be talked about in such a way. Is she on KZbin? please how do I reach her

[@jwt1035]

I saw one of these today. The build quality is very high. I hope they succeed.

[@t_q1799]

WARNING: AVOID VinFast. This is another company that is controlled and governed by the vague communist party, and beguiles workers in Vietnam and arrests them. VinFast needs to get out of the US’ soil immediately! ❌

[@richardt1792]

Someone is going to have to come up with a $20,000 EV, a gettaround car that doesn't go long range, won't hit 200mph, Just a decent car for the city. A car for students, as a second car in the family, ect. At that price point, I think a lot of people would choose it over a gas vehicle. The savings on gas and repairs would make it the economical choice.

[@quangvinhle8918]

Wait . Vinfast VF5 and VF6 .

[@dschannel5273]

China BYD is already producing them, check seagull. Their Seal model is miles ahead of Vinfast

[@TheSchiffReport]

check out Citroen AMI , it is one of the cheapest city EVs if not the cheapest , selling for about $5K

[@richardt1792]

@@TheSchiffReport I saw a KZbin story on them. They are coming to America, $7-9000. Cute, they'd work in some cities. Not a great vehicle in Los Angeles. Traffic speeds are high, other vehicles are huge, drivers have no patience for slower moving vehicles. Too much road rage, people will shoot everyone is the car if you impede their movement.

[@richardt1792]

The other problem with its size is people will pick them up and steal them. In LA, people steal everything that isn't nailed down.

[@imjody]

Love your content so much, CNBC! 😁

[@MinhNguyen87556]

People keep talking about the Battery leasing program and make it a key point of failure. Let's be clear that, now almost car manufacturers provide a warranty for their cars at 10 years/150000 miles. It sounds like VinFast is doing something wrong with the battery leasing when everybody else has already done that without the leasing, right? No, Tesla will not replace your battery if it still takes in the charge even if the remaining capacity dropped below 70% and you have to stay with that until it completely dies. The Resell value of an EV is mostly based on the remaining capacity of the vehicle itself. More importantly, when you buy an EV with a battery included, you lose the chance to get a new battery with the new technology. For example, the new Tesla Model 3 gets a new battery pack with better quality and anyone who had the earlier Model 3 will be stuck with their battery forever. with the battery leasing program, VINFAST ensures that old cars can be updated to with new techs, especially, battery tech.

[@Kiwikify]

They are going to need to rethink their subscription model. 310 miles a month is not enough for the average American.

[@cocotaveras8975]

As soon as I heard that I thought the same thing. The average American travels somewhere around 1,200 miles a month - so it’s not at all adequate.

[@sandyv4623]

such services are leeching blood and money from ur pocket…

[@abujabi]

It's 310 miles of charging that comes with the subscription then you pay out of pocket after that. But electricity is cheaper than gas anyway. I think the crucial part is that they replace the battery after it wears down, which happens faster than people think. A new tesla battery replacement is around $15k, which is a huge drawback of owning luxury ev's.

[@happilyenraged713]

I live in city and only travel 130 miles a month 200 is really trying

[@graham1034]

The subscription exists solely to extract more money in total by providing a lower up front purchase price. The 310 miles of free charging is probably

[@sharadthakur67]

I think vinfast is more suitable for Indian EV market rather than costly Tesla

[@mail4tung]

I agree

[@theolich4384]

Battery subscription is costly in the long run.

[@lanpncz]

​@@theolich4384 You can order in complete (including car + batteries) is fine.

[@showcaseSampa]

My educated guess they started in the US because the largest Vietnamese community is in the US. It would be wiser to start with countries where Tesla and established automakers don't sell well. Brazil, Argentina, Chile, Peru, Ecuador, India where prices are ridiculously high. The few EV's in these countries are being offered at huge markups from the Chinese, and America is nowhere to be seen ( in fact it is retracting ). You can't have them assembled in the US and make them price competitive to the rest of the world..

[@immortalbeloved2012]

I am Vietnamese, do you think i pay ton of money for off brand company? Good luck with that, if Nissan, Toyota and other car Manufacturer can not compete in this arena, how do they think they got a shot?

[@dantse2012able]

If what you said is true, than China EV can sell with huge markups, then why couldn't Tesla and others do similar? Most production is automated so labor cost shouldn't be a big concern. And is China dominating in battery? Speak to them kindly and for sure they will sell batteries to other car manufacturers at good prices. Vinfast itself is using China branded batteries.

[@myduyennguyen8596]

I will not buy Vinfast car for I don't trust the safety of Vinfast car .that have many mistakes ...I am Vietnamese American who live in CA ..

[@amirmoradi9595]

While those prices are competitive compared to Tesla, it's not that competitive compared to other EVs. You can get a Chevy bolt for $23k and a f150 lightning for $39k. Yes there are bad dealer markups right now. But once the market cools down and you can buy cars closer to MSRP, I don't see how a $40k where you still have to lease the battery sounds competitive

[@ApriliaRacer14]

Fisk $38K

[@Malaki727]

Right a car note on top of a lease

[@jaydibernardo4320]

Yeah, but then you're stuck with a Chevy or a Ford.

[@sanadaHIRO]

Y’a the pricing doesn’t make sense for a startup

[@megamanx466]

@@jaydibernardo4320 Always been good with a Chevy. They've always been reliable to me. 😏

[@chang5836]

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[@hussinhalkin7817]

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[@micojohnson6698]

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[@jennydave6708]

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[@nottyler3423]

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[@ericriley2163]

I just love these stupid bot ads

[@feldons5621]

I hope Vinfast succeed but there are huge hurdles to climb by only offering c $50 k midrange cars -no one has ever done this from ground Zero with any long term growth. Entry models and ultra sharp pricing is the traditional way to enter a new market: and then only with a healthy and large domestic market which Vinfast don't have. I wish them luck as they have a good general business track record.

[@tko2384]

If you want to sell a car to the United States, you must first win the trust of your home country, Vietnam. But, VinFast is rarely sold in Vietnam, and foreign cars such as Toyota Hyundai Kia Mazda are much more popular. Among Vinfast cars, a small car called the Fadil is popular, but this car is actually a Chevrolet Spark. Vingroup was producing smartphone and TV, but it abruptly went out of business and suddenly announced that it would no longer produce cars with internal combustion engines. It is unknown when Vingroup will again stop producing electric vehicles. Gaining the trust of the Vietnamese people is VinFast's top priority. After that, it is right to challenge the American automotive market.

[@ChrisH421]

What ev maker has entered the US market with entry models. The only two ev start up with any success started with high end models, Tesla and Rivian

[@ongmat4439]

@ Feldon S, Over the last ten years, Vinfast / vingroup has miserably failed in all the tech-related businesses they ventured into and that includes their petrol car business. They promised 5 year warranty but they had to stop selling loss-making petrol cars after approx. 3 years even before the promised five-year warranty run out for the first cars they assembled. If that is a good business record, your thought of a good record seems a little bit strange. This is not a normal business like any others. It survives with the ill-gotten gains from land grabs through political connection and corruption. Manufacturing cars or EVs is only a distraction for money transferring and "cleaning".

[@Drthanhloctb]

@@ongmat4439 ba que

[@johnbrookhaven7134]

Vinfast don't make cheap and junk car..

[@Dun_Der]

GOO Vinfast! I will be supporting you in AMerica. Will be buying one of your EVs. As long as it is a quality product and excellent customer care, I am in.

[@taterkaze9428]

"Vietnam has no international reputation for auto manufacturing" - which is the core problem. Every other consideration mostly doesn't matter. It took Hyundai 30 years to build its brand in America.

[@quangvinhle1361]

And now . Hyundai and Kia fire every day in America and Canada .

[@userokg751]

Who the hell wants to buy a piece of crap Kia or Hyundai

[@eggheadegghead]

I think Hyundai and Kia recalled all their models…….troubling

[@edwardle4493]

@@quangvinhle1361 You do realize Vinfast car also catch on fire at Tue Tinh Street around Nghe An city for no reason right? There is another case at Vinh Phuc just to name a few where Vinfast SUV catch fire for no reason and the door was lock prevent a man from escape and burn to death. Wow good quality car indeed (the coffin car). To sell car in the U.S and Canada Vinfast has to pass all the safety and crash test which they haven't yet. Pham Nhat Vuong only aim for IPO not for selling car because he don't have enough fund. 4 billion USD is nowhere near enough to make 100,000 cars or more. Vinfast is very troublesome company that currently has lots of financial issues.

[@edwardle4493]

@@userokg751 Since you are a westerner let me tell you what happens with Vinfast. Vinfast car catches on fire at Tue Tinh Street around Nghe An city for no reason. There is another case at Vinh Phuc just to name a few where Vinfast SUV catch fire for no reason and the door was lock prevent a man from escape and burn to death. Wow good quality car indeed (the coffin car). To sell car in the U.S and Canada Vinfast has to pass all the safety and crash test which they haven't yet. Pham Nhat Vuong only aim for IPO not for selling car because he don't have enough fund. 4 billion USD is nowhere near enough to make 100,000 cars or more. Vinfast is a very troublesome company that currently has lots of financial issues. I'm Vietnamese American so we know how corrupt the Vietnamese companies really are back by the communist government.

[@YoushaAhmad]

The battery leasing model was tried by Nissan and Renault (as an option) in Europe years ago. It didn't go so well as the economics were not great on the buy side. Also, since then car batteries have proved to be more resilient than originally though, even the first gen Leaf battery had performed better people expected. Now different battery chemistry make the batteries more resilient and the replacement cost will likely be even cheaper down the line. With reuse as energy storage or recycling as ore, people replacing batteries on old vehicles could get money back much like how car owners can get money for selling catalytic converters. The biggest depreciation in the value of the cars. Whether the battery has 70% capacity or 90% wont be the biggest factor in car value and new buyers of EVs now would probably want to change vehicles for the latest model/ tech before reduced range really impacts them anyway. Personally I contract lease my EV (in the UK the lease prices seem to be be more reasonable than some other part of the world). I would not like to have both the downsides of leasing and buying but none of the upsides. I think Vinfast would be better off changing their model, it may work short term but not long term as businesses and consumers realise they are paying a premium for a battery that isn't actually degrading much. I think one thing the leasing model can do is provide Vinfast revenue during economic downturns, though consumers who are used to buying vehicles may find they don't like to be tied to a contact and not go for the same approach again, as with Nissan and Renault.

[@AssassinCreep2552]

I agree.ost EV battery's don't degrade to 70% for 8 to 10 years. By then consumers have moved on and bought newer EV's with better tech and battery life. I really feel that VinFast cars like the VF6 and VF7 are not only beautiful but that they should be cheaper than the VF 8 or 9. Right now America is on the edge of a recession , food and other stuff is too high. People are trying to save where they can and protect the environment too and going electric is important. But if you live in s state like Florida where there's just hundred of miles of emptiness between major cities all vinfast vehicles need to have a minimum range of 300 miles. I wish vinfast good fortune. Hope they will bring out the VF6 And VF7 sooner.

[@YoushaAhmad]

@@AssassinCreep2552 I agree with your comments. I didn't mention that 15 year old plus cars in Europe often get a second life in Africa. There they may be even more accepting of a third hand car with even around 60% range at a much depreciated costs compared to buying a cheap new car. Wealthy counties have rapid consumer trends that cause rapid depreciation of old tech. As you mention, the batteries themselves don't degrade much. I would say as far is range is concerned, more CCS rapid chargers can help negate the need for 300 miles EVs. Having said that, I am probably looking at things from a UK/ Europe perspective and I know in the US people drive long distances more regularly. Also, yes I think a big recession is coming (worse than '08 and 2000) and I think this will impact EV companies a lot. I also, wish VinFast well but the timing with the IPO doesn't look good. Though, funnily enough, the high battery ease costs could provide some cash flow during down time (albeit from people who probably won't get a battery lease EV again). As a side note, I think the interiors of VinFast cars look like they need to be improved in build quality for the money, big screens aren't enough.

[@proud4373]

Now the question is why you have to buy insurances for your car even though you know it's going to depreciate in few years or even you are done with all the payments. Let's talk about Vinfast battery leasing program. EV batteries make up a large chunk of the cost in many EVs. Vinfast selling its batteries separately offers many benefits. It lowers the initial purchase prices, and customers don't have to pay additional taxes on the batteries. This leads to much lower monthly payments. Also, Vinfast will replace the battery pack for free whenever the battery capacity dips below 70% as it actually happens after years of use, like the case of the Finnish man who finally blew up his Tesla 2013 Model S because the Tesla battery price was almost the same of the value of the car itself. Why bothering to fix it! I was also told that a Nissan Leaf owner was stuck with his car after over 8 years due to the battery falling below 70%. The Leaf owner could not even sell or drive it because the bill for a full battery replacement was about the same as the value of the car itself. In addition, an LA couple-husband and wife had been stuck with their about $50K bills to replace the 2 batteries for their Tesla's. Did you see all the battery problems there? Hadn't they all wished that they would have had Vinfast battery leasing program, so they could drive or sell their EVs without any problems. Most surprisingly, Vinfast battery leasing program won't cost you an arm and a leg. The leasing program costs you as low as about 1 buck daily and you can drive or re-sell your EVs whenever you want without worrying about the large sum of money to foot the surprising battery replacement bill.

[@YoushaAhmad]

​@@proud4373 You bring up some interesting points with used car owners. I have heard that here in Europe, replacing a gen one leaf battery is reasonable in cost, though many owners would probably rather use that money towards a newer electric car, even a used 2018 Leaf. As for the leasing, at almost 200USD/ month for the VF9, the leasing cost is a lot on a car already charging a premium given what some have said about its build quality. After round eight years (though I think the batteries should be fine longer for most long term or used buyer), you are looking at around an eye watering 20K USD cost in battery leasing. That is far above the current cost to produce the batteries (around 150USD per KW capacity), even with the high prices of lithium. If a long term owner or used car buyer decided to replace the battery they could recoup some costs from selling the battery, not the case with a lease. Also with time, I expect there to be more OEM battery replacement options for old cars reducing the costs. For someone worrying about range depleting, they may as well buy a similarly priced electric car and self insure by putting some money away (less than 200USD/ months) in a portfolio of dividend stocks. I think from a business perspective, it looks like VinFast is trying to generate easy long term cashflow by locking people into the leasing programme. That is their choice but I think it will be terrible for their reputation. We will have to see down the line. Though, I think they may either pivot soon or get wrecked with the recession. Many buyers may now be turned off by the locked in monthly costs. As a pro free market, globalist I want VinFast and other manufactures from emerging markets to do well. I just think their business model is unsustainable and their cars are a bad deal for consumers who may as well wait for a Kia EV9 (vs the VF9) or take one of the many other options for the VF8. I hope they change by at least providing more options.

[@YoushaAhmad]

@Con Sáu Mập ở Bình Dương Apologies, the 200 a month figure was CAD, I didn't realise. Regardless it doesn't change that fact that it is still grossly overpriced, just a little less. In fact, it seems that the standard monthly costs will come in at the excess charge for additional miles on my leased car (9 pence per mile over 8K/yr on an Ioniq 5). For my leased car I get to hand the keys back to that in four years and get a new one. VinFast will change the leased battery once it finally gets to 70% however long that takes. 70% may be fine for many but it is a large threshold before the lease is even used. This is interesting as the lease is targeting those who are battery/ range conscious. I understand that at present the VF9 is unique in its position as a three row SUV but for a long term it is worth waiting for products from other manufacturers to provide more choice, such as the Kia EV9 which will likely continue with the brand's warranty. As for the replacement costs, I believe these will come down significantly in time. Though regardless, the leasing costs themselves may be more that the car is worth (based on regular depreciation) when the battery is changed. I won't be surprised to see used VinFast cars to actually depreciate more long term as used car buyers weigh up the costs of an additional financial commitment. Used cars may be cheaper but battery leasing costs don't fall with used car prices, even if the battery is at 75%. Perhaps an easier option for long term owners happy with their car, would be to sell their car for a lower milage one and pay the difference, which will likely be less than eight years leasing. Though, in wealthier countries like the US, new car buyers likley won't won't to keep a car for eight plus years as they will want the new tech. Especially with all of the changes happening such as improved automation.

[@KoreyByrne]

It’s already shown people will BYD has smashed record car sales and no one had ever heard of them a few years ago. Electric car brands have opened people’s eyes to what is new and shown them they don’t have to stick to old brands when many of the big companies are so far behind in the EV market they will struggle to catch up.

[@thienphongvu2452]

Important thing is none of VF cars passed safety tests in US

[@wanderngchopstcksii1078]

are you saying that the US policymakers are all dumba$$ to allow cars to sell in the US if they don't pass safety requirements?

[@DungPhan-2002]

Xe chạy ầm ầm ở Mỹ rồi

[@DungPhan-2002]

@Masculine Vehicles cút

[@user-qf7ym5vc7o]

@@DungPhan-2002 daydreaming?

[@user-qf7ym5vc7o]

Vinfast never went through a real competition. They got full support from communist party, sold their product through patriotism and ready to sue any customers who complaint about their products. I am happy to see they sneak into US market where only the most high quality products survive. They will show off their real face.

[@AoCabo]

It's helpful that they're using BMW's previous gen platform and tech, and an Italian contractor's design and styling, but makes me wonder how much of the car is actually created by this company

[@dominicaphan3635]

As far as I am aware, they are leaning towards concentrating on the software side of the cars, as EVs are pretty much controlled by computers nowadays. As a new player, it is pretty understandable to outsource those hardware work for veteran players, reduce your workloads in the beginning, and reallocate your resources to something that can give you the competence to be resilient and perseverant in a highly competitive market in the US and play the long-term game.

[@bryanmurphy3328]

@@dominicaphan3635 Indeed. Same , Same , but different . EV's can be thought of as a very large programable phone with wheels. Many companies use the same vehicle platform, as it is the most expensive part of the vehicle , especially with EV's. Then they put on a different top, which is often called a "top hat " to product differentiate. It's a smart and well proven strategy that is becoming more common as a method to reduce product development costs.

[@buravan1512]

all the cars are mainly made by other companies... this era is not like 60's or 70's when Ford had stakes in firestone, or made steel and windshields for themselves... the only company still doing that is VW, and they employ a lot of People.

[@philipnguyen3107]

Zero.most of the stuff came from China.

[@philipnguyen3107]

Just like combustion.they have gone into oblivion. Customers are screwed.

[@romanpuchko]

Oh, we loved those cheap-but-decent noodles 15 years back, being students here in Ukraine! I wonder how it's going to be with EVs 😁

[@saigonaisnhatrang762]

You knew Pham Nhat Vuong that far back? Well, he did a great job in Ukraine, no doubt. But he didn't bring the billions home from from Ukraine. He earned them here in Vietnam turning farm land to gold fields. Too bad that he burned through a couple of billions making those silly Vinfast Lux cars. No-name brand trying to beat people like Toyota and Audi is sure-fire suicide.

[@Hoa240]

@@saigonaisnhatrang762 you are silly, not Vinfast.

[@tl749]

@@Hoa240 Can I join the game? No! You’re silly Dinh.

[@romanpuchko]

@@saigonaisnhatrang762 No no, I never knew him personally. And yes, he sold Technokom to Nestle for smth like 150 mln, so definitely far from billions. I'd agree, it's very risky. But maybe for him this seems as the only challenge worth diving into (after you basically had everything)

[@icemann4699]

@@saigonaisnhatrang762 No, he didn't spend couple of billions on Lux cars. Not that many were produced. That money mainly went into building the big modern auto plant and many other things. Also got very good technology transfers as well on combustion engine vehicle. The experience gained is also very helpful. Business also needs to move with the market and there are much more opportunities in the EV market.

[@alfredduhaime6692]

Does the lease program on the battery include replacement if there's a premature failure?

[@1234Tubie]

First and most important thing is Quality then reliability. It'll take a few years to really establish the new brand besides just less expensive prices and nice designs.

[@cuddyb9631]

Tesla stocks did so well in 2020 and early 2021 but you cannot say same today, Tesla stock is volatile and has suffered several corrections along the way to its current high valuation. And if the stock reacts as it did during the 2020 stock split, waiting may not be the best decision for investors.

[@gagnepaingilly]

What's the best strategy to make gains in this present market condition? My portfolio is still down by 20% and It scares the hell out of me

[@carter3294]

@@gagnepaingilly

[@gagnepaingilly]

@@carter3294 please who is the financial adviser that assist you with your investment and if you don't mind, how do i get in touch with them?

[@carter3294]

@@gagnepaingilly

[@tanner9956]

Waiting would be it’s pricing in 10 years of growth at 50% so wait and once it only grows only 10 20 30 or 40% it will shut the bed people are euphoric

[@felixlesamethyst]

I've been using an electric motorbike made by Vinfast for a couple of months, before that I used a gas-powered one and it usually cost me around 1 to 2 millions VND (42-85 USD) a month for gas, and now I only have to pay less than 400K VND (17 USD) for battery leasing. Not forget to mention if the battery health get decreased, the replacement will only costs 150K VND (6 USD). Just imagine how much money you can save, let's say 5 or 10 years. Definitely a lot!

[@saigonaisnhatrang762]

Any idea who pays for the electricity to charge your bike batteries, and the cost of batteries disposal when they die? What about the air pollution to produce electricity with coal and other hydrocarbons (Vietnam has a small hydro generation capacity). Electric vehicles produce a lot more environmental problems and higher cost than they solve. People prefer not to talk about these problems.

[@tronghungdao251]

@@saigonaisnhatrang762 SMART VERY SMART

[@dungnguyen-vx2sc]

If you go to baptize you also have to pay the church vicar. Only Leninist let you use for free

[@krizby87]

@@saigonaisnhatrang762 coal power plants are located far from cities, batteries disposal sites are also far from cities. What this mean is EV can reduce pollution within cities. New battery technologies are being developed, perhaps more eco friendly batteries will soon emerge; it's pretty much end of the line for ICE after more than 130 years of developement.

[@morrismak]

@@saigonaisnhatrang762 this have been debunked many times. Yes, the production of ev creates higher pollution than an ICE car, but the life time to the ICE car creates way more pollution than an ev.

[@henriktranvanhien7021]

It’s a huge challenge with huge risk for Vinfast, a small automobile company by international standards to penetrate the US automobile market. I wish them well.

[@tuoinguyen805]

Good luck,???

[@TheTommywatch]

Big moves though with the investment in NC and a charging network that surpasses all the other OEMS

[@danielsellers8707]

Chuc may man (Good luck) VinFast!

[@JT_771]

Similar to many others I'm seeing here, I do wish them luck. Hard market which sees companies fail or withdraw often, but a solid market if you can make it. It'll be interesting to see how they do.

[@rd9102]

Good to see the Entrepreneurial spirit alive.

[@20luzer52]

Funny title. I don't recall seeing Vinfast saying anywhere on their public announcements about wanting to beat Tesla. I thought they had mentioned that they're trying to get a piece of the converting buyers segment.

[@markn6941]

Click bait

[@proud4373]

Generally, an EV is totally different from an ICE car. The internal combustion engine (ICE) has many moving parts - an average 4-cylinder engine has at least 40. Imagine how many moving parts for a 6- or 8-cylinder engine (V6 or V8)! It needs oil and fuel filters changed regularly, timing chain or belt is vital and needs maintenance, poly-v belts run every auxiliary component - as you know from experience, this list goes on and on. By contrast, the electric motor mostly needs no maintenance and has only two moving parts. You don't have to pay for any smoke check, oil - filter change, timing belt change and more. Use part of this ICE maintenance money to pay for the battery leasing program like that of Vinfast because nobody or company wants to buy an EV with a battery of 5 - 6 years or older unless that EV comes with a battery leasing program, which will guarantee them a new battery replacement for free. Surprisingly, Vinfast battery leasing program offers the leasing price as low as roughly 1 buck/day (up to 3,100 miles/month) or about 3 bucks/day with unlimited miles.

[@wave8359]

oops !!-----looks like you forget to mention the massive environmental destruction resulting from battery production. Your gasoline car is far better for the environment !

[@proud4373]

@@wave8359 Oops!!.....looks like you forgot to mention Vinfast battery leasing program helps recycle all Vinfast batteries to protect the environment. The key point is to make it and recycle it, duh!

[@proud4373]

@@wave8359 "Your gasoline car is far better for the environment"??? That's just a one-sided argument. According to eia.gov, America used about 135 billion gallons of gasoline in 2021. And people worldwide used over 320 billion gallons of gasoline each year. Imagine how much carbon dioxide we are emitting yearly! Also, most of the fossil fuels we used today take roughly 150 million years to form, and we know all the natural resources won't last forever. If we use up all the resources, do we need to wait for another 150 million years? The point of using EVs is to help not only improve the environment but also reduce our dependence on fossil fuels. This is why EVs are more appealing, and Vinfast is working hard to bring its commitment to sustainability to life since Vinfast EVs are great for the environment and its affordable prices do good for our wallets.

[@---ny4ys]

if youve ever been to vietnam you know 35000 cars is a ton. question is how many motorbikes have they sold? no one drives cars over there unless youre ultra wealthy or a taxi driver

[@gabrielgnaegi5156]

I feel like VinFast has very little margin for error in this highly competitive market in order to be successful. One serious bad event/press can quickly jeopardise its momentum, if it manages to get any. I can hardly see any competitive advantages as well. I wish them well and hope they can serve their future customers with a excellent product and services. Good Luck :)

[@skbskb7596]

I agree, but they are NOT focusing on driver less driving, so their margins are very good and also they are not drawn into the hype and a bad press coverage, unlike Tesla. With the federal tax credits still available, it would be in the lower 40K range and if quality is good, probably they can garner market.

[@inhim05]

Yeah not being able to produce own parts leads to low profit. That's why they gave up on cell phone business... and it seems like they are making the same mistake

[@huunguyen5280]

Vinfast is better than any EV start up to date with backing form US and VN government and parent Vingroup

[@gabrielgnaegi5156]

@@skbskb7596 I have a hardtime understanding how you can conclude they have very good margin... What are the rationals behind this statement? Also they do not compete only versus Tesla (who can produce ca. 1M vehicle), but also versus well established American automakers who proposed "similar" types of offering + after sales services. Add european and asian carmakers into the mix , that's a quite intense rivalry to gain market share. Let alone the EOS and manufacturing scalability problem that usually EV carmaker underestimates (according to Elon). Let see how they do and wish them well :)! Cheers

[@dave1651]

@@gabrielgnaegi5156 absolutely agree. It’s nice to see a new entrant in the market and bring new jobs. However, EV completion in US is so intense. Still confused on its strategy to open up own factory and sales shops when not many Americas even know the brand, not to mention throw 40-50K to trust it will survive and still in business in the next many years. While you are trying wining the heart and trust of Americas, what about the massive investment. The idea that EV is just a big cell phone on 4 wheels are doomed to fail. Production hell to ramp up, material and parts supply security, no core technology and rely on others contractors, just name a few. Super hard to manufacture a reliable EV with volume. Rivian is well recognized but still have to lay off and run into manufacturing challenges. So good luck and hope you find a way to success.

[@user-to2rf1rj5v]

4:56 this is a pointless comparison to make. Tesla owners OWN their batteries. The pricing you list for Vinfast doesn't include even $1 for the use of the battery. Misleading.

[@Jo0pishere]

Let's look up the scale vinfast is offering then compare the gross price including maintenance. I also ask, do you consider a EV for everyday use? Scaling may be a better option for some.

[@dontbanmebrodontbanme5403]

Their battery leasing model seems unnecessary. Right now, there are Tesla model 3s on the road with over 400K miles on them. One recently made news for going over 1 million miles. Why would I want to therefore lease the battery when I can easily get 1/2 a million miles? That surely would mean a car you could own for 25+ years. I don't see them succeeding.

[@simbatortie9684]

You have to rent the batteries for the car. LOL!!!!

[@laucon11]

If the price range of their vehicles is going to be in the 60-80K range I think it's going to be tough for them to compete in that market segment.

[@hannahoang8582]

Actually sell for half that

[@thangmeu]

@@AnglersUAE And then run away?

[@lastanonymousperson]

@@thangmeu fact! Communist gonna do what communist is going to do! Haven’t sold a single car in US, but made promises of jobs and ipo. Lol they keeps throwing the oh he’s a billionaire. It’s a car company. He’ll blow through the billions within a year!

[@kimthien9957]

40k-60k

[@dungdo4506]

@@thangmeu dog

[@HombreWithAnOmbre]

I wish there were new cars that were more affordable. Like cars seen in Europe or India or China. I want an affordable car. Everything being 20k+ would make me have to choose between car note and insurance or rent. I'm lucky for my old car but when it breaks down I'm worried about walking into a dealership because they always try to trick me and buying a used car is also a big gamble

[@good2freelance1]

As long as it is reliable like any other top brands i'll buy it. BYD has the best blade battery.

[@claycopter]

Really thought they fumbled the bag by discontinuing their ICE car lines so early. The cars were competitive in the Vietnamese market and the class A Fadil received universal praise.

[@tlevans62]

And this is how you do it. I bet they’re going to be a success. Bringing in the best tech, best designs and the best management from people who’ve led other car brands really show these guys know what they’re doing. Best of luck to them.

[@seasonsfour7002]

A perfect girl. But she doesn't have a soul. I remembered a movie, a crazy person tried to create a perfect girl with the perfect body parts from the people he killed. Nothing was your idea, your design, it will never last.

[@tooltalk]

There is no sign that they have the best tech/designs/management .. so not sure how they are going to "suceed."

[@tlevans62]

@@tooltalk that's because you're not paying attention, so good for you if you're not sure. Do some research.

[@PQV-8898]

You work for VinFast? LMAO!!

[@tlevans62]

@@PQV-8898 are you a paid Troll?

[@mp5cartman]

Good luck Vinfast! More competition better for consumers.

[@briank581]

You can have one with you.

[@mikemiller659]

Hell NO there Already Enough cars in the country.

[@Honestandtruth]

@@mikemiller659 Exactly right,. Hell no 👍

[@grizzlyaddams3606]

I agree. They just need to get out of North Carolina. That state is death for businesses as no other states want to deal with business practices employed there. Just look at DeWalt and their impending doom. Those aren't the only reasons NOT to do business in NC also.

[@png2438]

Oh, no..VinFast gonna be dead meat in America with the technology and quality, in its own land the consumer too many complaints about the quality, it's impossible to compete with Tesla.

[@ltrinhmy]

Good luck VinFast! I hope VinFast EV won’t end up at the junkyard in the US.

[@ngoinhanho82]

Comment like this is not going to help.

[@user-qf7ym5vc7o]

Vinfast never went through a real competition. They got full support from communist party, sold their product through patriotism and ready to sue any customers who complaint about their products. I am happy to see they sneak into US market where only the most high quality products survive. They will show off their real face.

[@hungpham254]

The car doesn't even pass the safety... it's already have some in junkyard in VN...

[@maily8388]

Renting a battery is recipe for failure.

[@nightcoder5k]

@@maily8388 Why is that?

[@kevinl6072]

With $40k+ down. I would go with ioniq5.

[@dalisay1020]

Its your choice no one force you to buy that

[@bushtran4369]

Exactly what I am thinking

[@alostbard]

The first EV affordable to the average American will win the game. Even Tesla has sold only to the top %20 or so ( we are still waiting on Elon's promise of a $25k EV). Spare me all the justifications of upfornt vs long-term costs when comparing EVs to ICE autos, we still haven't seen that come to fruition in exisiting EVs.

[@Ex-PokerGuy]

How is Tesla not affordable? They are literally the cheapest car money can buy. A top a the line Toyota Prius cost $40k which is the same price as a Tesla model 3. Pretty much all Lexus models cost more than a Tesla. This is one reason why Teslas are everywhere, they are CHEAP and affordable, probably 5 out of 10 cars I see on the road are Teslas. Then again I live in California right in silicon valley

[@linusmlgtips2123]

@@Ex-PokerGuy model 3s also have massive maintenance and quality control issues, crappy interiors, and start at $40k. $40k is affordable if you were fed with a golden spoon, but not to the average American. "I live in silicon valley" point proven. Tesla's are luxury vehicles for the few.

[@sentryion3106]

@@Ex-PokerGuy Well you answered it yourself, the top of the line prius cost as much as the base of the base model 3....

[@samduong8889]

POKER guy, the name said it all lol. Tesla's interior is trash like the other comment mentioned. It cost 40k for a base model. I would rather buy a corolla for 20k-25k and keep it for another 10 years. By that time, gas ll be cheap when majority of people buy the EV 😆

[@skopunovic5619]

@@Ex-PokerGuy nah thats just over there then bro, l see them once in a while in the midwest but it is a very rare occurance, l even see a damn Chevy Bolt more often actually.

[@WhoaMykey]

Well somebody is definitely driving a VF9 solid black in fort Washington Maryland. Spotted this on 210 during a morning commute this past Wednesday between 9:30 and 9:40am. Maybe it’s for promotion or an early adopter/ investor. Don’t care why but this was definitely spotted in the wild.

[@obey2dmax]

Convincing most consumers to buy a mid range unknown EV for around 40k is the biggest hurdle aside from the recession (stagflation) we are having. EV Industry is still in its infancy so that is probably what Vinfast is banking on and relating to consumers that is a cost effective alternative to Tesla. It probably will succeed in small European nations, but I do not know in North America. It is a monumental task.

[@juanm.femandezcastillo1467]

This is a huge kick in the face to Vietnam War vets who lost their jobs at American auto companies.

[@timedone8502]

I am Vietnamese in Canada. I am too poor to gamble my hard earned cash for a Vinfas EV. Good luck to them though.

[@aurelio-reymilaorcabal9669]

I guess you are a Canadian with dual citizenship, ( of Vietnamese heritage)

[@bangtamnguyen9486]

Same here.

[@eljangoolak]

@@aurelio-reymilaorcabal9669 or we are all human and these stupid lines on pieces of paper should not be defining us

[@lastanonymousperson]

Lol…vinfast had a Vietnamese man arrested in Vietnam because he criticized them on certain parts of the car… yeah it’s a communist company.

[@quangvinhle1361]

Tôi là người Việt nam tại Việt nam và tôi sẵn sàng trả 50.000 usd để lấy chiếc này mà không do dự . Có vẻ như Việt kiều bên đó quá nghèo .

[@youtoobization]

Judging by the two latest EV entrants Rivian and Lucid, I don't think investors would be too thrilled for another EV IPO. They might have trouble raising the needed capital.

[@HombreWithAnOmbre]

Rivians are beautiful. I was stunned when I saw one for the first time

[@kronikinsomniak]

They are already selling cars for years which is more that most EV start ups can say. Mass production is a huge hurdle for any new auto manufacturer. Rivian is still having mass production teething issues and are using hand assembly to desperately get cars out to customers in order to maintain investor confidence.

[@jaydibernardo4320]

Lucid: only producing 12,000 to 14,000 vehicles for 2022. A wait list of two years & a starting price of $77,400. Rivian: price starts at $68,575 & has only produced less then 7,000 vehicles in 2022. Rivian has a target of 25,000 units for 2022. Yeah, sure. My money is on Vinfast to outlast these two. I'm skeptical of the battery leasing but my gut tells me that this company means business (pun intended).

[@wooder32]

All these comments are missing the point: Investors will look to the fact that Rivian and Lucid are far below their IPO price and may not stomach another EV IPO.

[@brunoheggli2888]

Thats even better for investors,do they can buy the stock for a reasonable price!

[@dadrewco100]

They said the same thing about Honda in the 70’s . Look at Honda now . Dealerships that take the risk could make money . It all depends on price .

[@Schubert_Standchen]

There's a world of difference between N. E. Asian cultures (Japan & Korea) and S. E. Asian... (Vietnam, Cambodia, etc).

[@a12zN]

This is exciting. Common Vietnam!

[@henryaustin8870]

Thier pricing is probably a bit high still for most consumers. Regardless the subscription model or "leasing" of the battery business model is D.O.A. (imo). At those price points the battery has to be included, with full outright ownership. No subscription or lease fees... period. I have serious issues with so many automakers looking to move to subscription models.

[@jaydibernardo4320]

I hope they succeed but I'm skeptical on the battery leasing & the initial vehicle cost. To an unknown & unproven brand it's going to be an uphill battle for many years for Vinfast. They are in for a real slog.

[@DarkPesco]

Owning the car but leasing the battery is dumb. I think it's just an evil bilking scheme. I avoid such traps and had already resolved to do so when swapping all our vehicles out for electric. They will not be from a money-sucking company like this one....

[@rayray2001111]

@@DarkPesco You should go sit in front of a Tesla service center to see how many batteries they change daily on brand-new cars

[@theodorehaskins3756]

@@rayray2001111 So of course you know, no one is ever going to do this right? So asking for a friend, and I’m assuming you have done this, so what is the number of batteries that you personally witnessed that they changed and in what time period did you observe these changes?

[@davrocket5304]

For those who have never owned an electric vehicle when your battery will come to an end which all batteries do eventually right there your problem: it will cost you an arm and a leg. So leasing it's a great idea. You do the driving and you don't need to worry about the expensive replacement of the battery. Phone batteries die so do car batteries same thing just bigger.

[@theodorehaskins3756]

@@davrocket5304 Well if that's your only worry, then there's a simple answer! Don't buy an EV! Comphrende! Cheers!🥂

[@jft7174]

Went to a showroom in San MAteo today. Beautiful in person.

[@wiinguyen3683]

I think they should’ve stayed in Vietnam 🇻🇳 and got the country to go full EV before coming here to compete. Let go electric ⚡️ scoter!

[@ianemory5800]

The cars are kind of slick, but I just don't see most people jumping to that price of car without knowing what's going on with the company.

[@d.nguyen582]

Vinfast cars inside are China cars . America buy America products , Make America great again .

[@ianemory5800]

@@d.nguyen582 of a car is built in America I don't really give a damn whose Oligarchs they benefit. At that level of wealth they are all the same.

[@6Planet]

Vinfast sounds like a car Sanic the Hedgehog would drive.

[@coachdms]

Few months ago - VinFast have a car Show @ Las Vegas , my friend ordered one and it cost him $45K . We're looking forward to see it !!!

[@MCarbonFiber]

Vin nô 😂

[@sabercruiser.7053]

Thnx great reporting 👍👍

[@peace4myheart]

Competition is always good for the consumer. Hope they will do well.

[@megamanx466]

One upside might be that if they build up charging infrastructure in regions where there is little at the moment and they then fail, at least they built up that infrastructure. I think they need to start by selling cheaper though as Honda, Toyota, & Kia did originally. 😅

[@proud4373]

Vinfast VF8 entry level Eco is an Italian Pininfarina styled, German BMW based, all electric premium midsize SUV with a dual motors and high-tech features at an affordable price of $31K with a battery subscription. You won't find any SUV like that at a lower price!

[@hermanrogers1325]

Why don’t they sell them to their own people first to see what kind of quality they are before they sell them in America. They look just like Honda

[@anhlam7131]

They already do, 25000 Vietnamese have ordered and are already driving the VF e34 which is a Vietnam only model.

[@ATKIT-SuaChuaDaiTuHopSoAT]

So good. Thank you so much.

[@yourCholly]

It's hard to break into a market that's so saturated like auto makers in the U.S. The amount of money needed to sustain a 5 - 10 years plan. Hope they can beat out their competitions and.....Vinfast ;). I'll see myself out

[@this_dude5307]

The US market seems saturated at first, but if you look at Europe and Australia for example, they’re smaller markets than the US but have way more variety than the US. For instance, both markets get Renault, Peugeot, Citroen, Suzuki, and Isuzu, while the US has none of those brands. In my opinion at least, those markets are way more saturated than the US, but I agree that the US auto market is still tough to get into. It would definitely apply to the European and Australian markets too.

[@daibangx8696]

@@this_dude5307 Haven't you asked why none of those brands is now present in US? Because they were present or tried to enter but they got kicked out.

[@this_dude5307]

@@daibangx8696 I am well aware that these brands once had a presence in the US. The problem is that they didn't took the US market seriously like Vinfast did, although I blame the consumers because just as they were on the right track, they didn't buy them because their reputation was damaged. Since then, none of them have attempted to reenter the US market, although Peugeot was coming back here but due to the Stellantis merger it was unfortunately cancelled. These brands are making much better cars than they used to, so it's crazy how they haven’t returned to the US. Speaking of brands, there are some that never had a presence in the US like Seat/Cupra and Ssangyong.

[@kharithoughts2679]

Selling the car and leasing the battery could work but the car needs to be cheaper. This is a product for the entry level market.

[@Jamacianmistake2010]

Very nice looking vehicles I would definitely drive one.

[@ThuyNgo-ut1id]

For free maybe? 😂

[@bigfan2452]

@@ThuyNgo-ut1id me too I would buy one for free.

[@Sakda.168]

I THINK IT CAN'T, IT NEVER HAPPENS TO BEAT TESLAS IN THE US AND TO OTHER BRANDS OF THE EV INDUSTRY IN THE WORLD, EXPENSIVE PRICE, LIMITED DESIGN, AND THE QUALITY IS NOT BETTER THAN OTHERS ( I CARENTY 3 TO 5 YEARS ). STARTING FROM NOW POPULAR BRANDS LIKE TOYOTA, BMW, FORD, HYUNDAI... WILL DEVELOP AND PRODUCE THEIR EV CARS WITH QUALITY BASED ON THEIR EXPERIENCE AND WELL KNOW.

[@SmileFNPlug]

Tesla's build quality is ass 🤣

[@polls.]

@@SmileFNPlug One just drove off a cliff and everyone lived...

[@vinhhang1558]

Hope they focus on lower end of the spectrum, EV is pretty inexpensive from the manufacturing standpoint, just don’t go fancy with all the cameras, full self driving, or all of that costly features. Make an EV to drive from point A to B

[@berryfin4648]

Doesn't matters, they have bad timing because they are entering the American market during a recession with high inflation.

[@torresthemonster]

What are you even talking about? Tesla is superior to any brand on the market because of these specs. If you want to compete, you have to have this technology, because you are no longer living in the 1900s. If you can’t adapt, go buy your 2000 Toyota for 1000 😂

[@quangvinhle1361]

Mục đích của Vinfast là muốn khẳng định thương hiệu , nên họ sẽ làm khác với cách làm truyền thống .Họ coi thị trường Mỹ như tấm giấy thông hành để sản phẩm mình vươn ra toàn cầu . Cung cấp những chiếc xe đắt tiền và nhiều công nghệ trước , sau đó sẽ làm xe giá rẻ hơn .

[@daibangx8696]

@@quangvinhle1361 Giống như thi đại học đó hả? Đằng nào cũng trượt nên thà trượt trường top.

[@quangvinhle1361]

@@daibangx8696 Tầm phụ hồ hay cắt móng như chú không hiểu được chiến lược kinh doanh của Vinfast đâu . Thôi . Chú cứ lo làm tốt công việc của mình đi , thành hay bại thì cứ để cho tỷ phú họ lo . Lol....

[@david_dor]

I saw the Vinfast models at the NYC Autoshow. The V7 was very sleek and the one I liked the most.

[@t_q1799]

WARNING: AVOID VinFast. This is another company that is controlled and governed by the vague communist party, and beguiles workers in Vietnam and arrests them. VinFast needs to get out of the US’ soil immediately! ❌

[@Dode108]

Nicely explained.

[@stevemean9288]

Perfect. I will buy a Vinfast. I just can't afford Tesla.

[@johnbrookhaven7134]

Yes tesla rip off your money..

[@Rick9482]

Other companies do a lot of talking and sometimes promises are made. This company gets right to business and shows how to get it done. I'M WATCHING CLOSELY!

[@tl749]

lol…what’s done? Not a single car on the US road from vinfast yet…just boasting power and farts bro. What are you blowing?

[@Rick9482]

@@tl749 The history of this young company was what I was referencing. Fast moving and decisive seem to be the norm. Building a new automotive plant is a lot more impressive to me than what Polestar's(China) approach has been. As I said, I'm watching at how they develope but for some weird reason that seems to bother you. I have a Tesla M3 Dual which is a fun car but the ride is a bit on the harsh side. I think an SUV type is in my future but giving up that Tesla security is gonna be tough.

[@tl749]

@@Rick9482 history of vingroup is moving fast, but failed in cellphone, ICE, not much of a show off how it’s done. Get your facts! Future is unknown, but the past proved that their business is like a one-night stand.

[@jessepinkman8158]

What they have done so far: made 80k- 200k suvs only, no entry model whatsoevet. 6 billions dollar deficit every year.

[@Honestandtruth]

No thanks for Vinfast 👎

[@olgaycelik2631]

The EV marketing in the US is heating up. Every company wants to keep all the cake instead of biting a little piece of it.

[@tomnguyen6830]

i was in vietnam last month and my uncle has a vinfast vf8 plus. not a bad ride at all. The leather was nice, it did not seam cheap at all, i was very impressed. Note my uncle owns a couple of high end mercedes too yet he enjoys the vinfast vf8

[@skinnynhealthychannel]

it's easy to build full EV vehicles for a third world country because EV vehicles are very simple "machine". For a vehicle like Toyota Tacoma, maybe in a trillion year for a country like Vietnam to compete. I thought Fiat Chryslers have the most bad reviews, lol.

[@satoshionamoto]

This is the right time for companies that wants to dive deep into car market as the big companies are reluctant to change their status from gas to electric vehicles. The big ones will loose market because they're not adapting to the new market standards.

[@nycesports1995]

I will be waiting for that IPO release date

[@thhdhn2]

The more competition, the more prices drop. I hope more cars open in the US market.

[@farzana6676]

They must be made in America! We don't want no more made in China BS.

[@t_q1799]

WARNING: AVOID VinFast. This is another company that is controlled and governed by the vague communist party, and beguiles workers in Vietnam and arrests them. VinFast needs to get out of the US’ soil immediately! ❌

[@mannyechaluce3814]

The difference is the rule of the competition is who can sell their product at a higher price :D starting price of 50 grand sets the other competitor to price their car to 60 grand, and on and on :D The EV market is really going to be a Lease or Subscription based, that is the only thing that will make sense, the technology change by the minute, and the product is unstable.

[@markreed9853]

Renault tried battery rental here in Europe when they started as it reduces the selling price but has now switched to battery owned as battery prices have reduced and battery reliability is so much better. Subscription for the battery sounds good but caused loads of problems here with it being more difficult to sell as you need to explain to the new buyer they do not own the battery and need to sign up for the rental. It caused lots of pain with insurance write-offs as well as people were given money for cars and not batteries. Renault has now stopped the rental of new models and is allowing owners to buy the battery for older models now.

[@markreed9853]

@@tridungnguyen2357 battery rental has been tried buy Nissan and Renault why do you think they don't do it any more? Most people don't like it!!

[@markreed9853]

@Con Sáu Mập ở Bình Dương .. just because battery rentals sounds good in theory, doesn't mean they end up very good in practice especially from an unknown brand. Don't forget, you're at the mercy of the manufacturer that they don't put up the monthly prices in the future? We will see 🤔

[@vkrgfan]

Ride share works, if you need a car you rent it similarly like you rent a bike in the city, you get to your destination park the car and the person in the area who needs the car will use it.

[@wardfoud9216]

The key for vin fast would be to bundle carpayments and hotel and vacation rewards, I think a lot of people would buy in for that.

[@Serpent-qj3nx]

Stupid enough to buy a car with that vacation rewards 😂. Vin fast is a ghost cars company, all they want is IPO then dump the stock and run away.

[@briando4209]

@@Serpent-qj3nx I am not stupid to buy Vinfast car with battery leasing. In 20 years of driving, we have to pay at least $38,000 just for battery leasing itself. Since the battery is belonging to Vinfast so we have to buy extra battery insurance beside car insurance. So complicated to own this type of car.

[@Serpent-qj3nx]

@@briando4209 You right. They don't care about that, all they want is stock money.

[@wardfoud9216]

I don't know guys, what I mean is if you driving along vinfast could predetermine where you are going and show you offers, which the company would get a fee from, plus if the (vindast) company offer is accepted they get a cut from POS. If a person gets a morning coffee, top 5 drive through coffee shops pay for advertising, then if an offer is accepted vinfast gets a cut from the offer that is accepted. Great revenue opportunities. This is why Tesla is on the ball, when and if they release a mobile phone, it will be a full circle for the 'car' company; equivalent to the items when you go to buy your groceries 'impulse goods'. You are in your car and it offers you the things you need from other competitors that you usually buy from at cheaper rates, or buying dinner at a discount to actually making it because it's on the way (convenience). The craziest thing will happen where companies will want this info and will buy out these other companies. This is where vinfast will have a huge revenue push and could offer their car services cheaper. America is the king of convenience, they will literally pay to do less even if it cost them more, which is great for investors.

[@chandutomaz]

It makes me feel they will succeed

[@t_q1799]

WARNING: AVOID VinFast. This is another company that is controlled and governed by the vague communist party, and beguiles workers in Vietnam and arrests them. VinFast needs to get out of the US’ soil immediately! ❌

[@zunnguyen5581]

:)

[@Taz.B]

They're eyeing the Canada too. It's quite a good looking crossover.

[@Asskiller2011]

So basically Vinfast has to import most the important parts from other countries like China, Korean, Germany, Italy...etc then make a assembly line. That mean Vinfast doesn't have any their own technology on the EV car. I wonder how competitive it could be? 😀

[@TheViettan28]

they have license to produce their own battery. while thr others parts can be sourced from other companies, just like other brands.

[@damiann4734]

If you look at a Citroen, what do you think they make?

[@canuck21]

You think other companies produce everything from scratch? LOL

[@sonnynguyen5917]

Show me a company that makes their own parts nowadays? If you crack the hoods of the US big 3, Toyota, Honda, etc. Do they engineer most of their parts? NO! What matters is their design and test integration

[@Asskiller2011]

@@sonnynguyen5917 They all have their own technology. But Vietnamese don't have any. They don't even fully test their car before they started to selling in U.S market.

[@sanadaHIRO]

Car payment + insurance + subscription fees for battery warranty . How is this affordable for a new startup in this high inflation era? And it seems vinfast needs funding for RnD. Like Elon said the hardest part is not designing the vehicle, the worst is manufacturing lol

[@jeremiahdanielsamuel2505]

As fellow human, I am hoping for their success. I am really amazed how Vietnam emerges as tech country as they value education and science more, meanwhile in Philippines (where I am residing now) is f**ked up, because they are too busy pondering politics, almost every moments and things here are deeply politicized. What a country to live in, where their youths are more busy worrying about politics becoming a divided nation while underperforming in school/university. They are really following the footstep of their mother, the USA (politics wise), instead of following east Asian model (education and economic wise). No wonder, they are left behind now in Asia, education wise.

[@nikkirosenbek5471]

You can now have a choice of buying a VinFast in a total or with a monthly subscription for the battery. Also, according to Reuters this week, VinFast has struck a dealt with the US car subscription service Autonomy to supply more than 2.500 units of VF8 and VF9. It's VinFast's largest order to date and also solidifies its foothold in the EV market. Did you know the VF8 has 11 airbags, while Tesla Model Y made in China has only 7 airbags? In addition to having the best in the business for its designs by the famous ItalDesign, VinFast is BMW based and at affordable prices with many high tech features including HUD, voice activation, face recognition, cam 360 and safety and driver assist technology such as virtual assistant, drive assist, lane-keeping assist, collision mitigation, and driver monitoring. That's not it, folks! Heated and cooled seats in cars are luxury at its finest. Yep! Affordable VF8 and VF9 Plus Models have them all.

[@nishi07]

Ngl would be really interesting for a vietnamese company to lead the electric industry while Japan leads in Hydrogen Engine Cars.

[@scottvickery2057]

quality will be the defining factor..but having the factory in NC will be beneficial

[@t_q1799]

WARNING: AVOID VinFast. This is another company that is controlled and governed by the vague communist party, and beguiles workers in Vietnam and arrests them. VinFast needs to get out of the US’ soil immediately! ❌

[@dragonle2837]

I just went back to Vietnam and Vin group pretty much owns everything. They even have a Vietnam version of Disney world on an island. I hope they do well with cars but I barely saw Vin fast on the roads.

[@dangda-ww7de]

The people there cant afford it, most of them are poor af, but they keep popping out kids that they cant afford.

[@greattime860]

Are you referring to American?

[@dragonle2837]

@@greattime860 no I'm referring to Vietnam. In Vietnam I saw alot of Korean and Japanese cars. Ford pick up trucks also.

[@dragonle2837]

@@dangda-ww7de I just came back from Vietnam. The economy is booming. New construction everywhere. Alot of job opportunities for all class of people. Vin group alone has thousands of employees.

[@s._3560]

Then the fact that Vietnamese have jobs but aren't buying Vin Fast, it really tells you something.

[@jamespetyrycia4214]

Their market are to vietnamese in the US. In Vietnam Vin group has monopoly with the government.

[@TrungLe-bv6vy]

They should partner up with rideshare companies. Much more viable to subsidize battery replacement cost that way.