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Why Americans are NOT buying Vinfast's new electric car
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- Опубликовано: 16 авг 2024
- Why Americans are NOT buying Vinfast's new electric car
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Don't know how they thought they would sell an expensive car that you only part of (since you don't own the battery) and a crazy convoluted leasing system. How stupid could they be?
They were hoping to get people to view cars like they do phones -- a phone is useless without a provider you pay every month for service. If you could get people to see cars that way -- useless without a monthly subscription -- then they could sell the cars at a lower initial price, taking an initial loss for the future revenue stream like phone carriers do.
@@kirkellis4329 That only means that ICE cars have brilliant future ahead of them. I will keep mu ICE for the next 10-15 years if battery subscription will be a norm...
@@melhiore haha fat chance of that
Don't know how they thought they would sell cars to racist and anti-communist white supremacists. That's like trying to feed Fufu to members of the Ku-Klux-Klan
@@melhioreLet's see if you will keep your ICE - since more BEVs taking shares out of the ICE market means that less gas stations will be needed and gas prices will raise. Makes sense to say that you will keep your ICE as long as gas prices are reasonable.
I had the opportunity to look at the VF8 in one of their showrooms. I was not impressed by their fit and finish. Americans aren't buying VinFast because it's VinCrap.
As a Vietnamese I’m not supporting it I’ve seen few of their demo cars in public but Meh I prefer tesla and the new ioniq n coming soon
@@vce.john1734 Yeah, nothing beats Tesla when it comes to EVs. Tesla is now the leader and pioneer in EVs even though Nissan beat them to market with their Leaf.
I'd stay away from anything Korean, e.g. Hyundai, Kia, Genesis. They have a history of fire recalls, both ICE and EV. They give you a lot for your money but they suffer in quality and reliability due to cutting corners.
@@KP-xi4bj that why my relatives getting tesla soon ( 2 already have model y) my close relative he say he will sell his odyssey for an model y soon but my cousin got his model y while back that the reason why I’m getting a model y soon because of him but I kinda want to get a used 2021 model s plaid at decent price if I can.
Vincrap? Details?
@@peanut0brain did you watch reviews?
The main issue lies with their pricing strategy. It's hard to see how they can compete with other car manufacturers at a price point of $50,000 USD. In that range, they would be up against tough competition from the likes of Tesla, Ioniq, BMW, and Mercedes. Being a newcomer in the car industry, they lack the established reputation of well-known brands. To persuade customers to choose their cars, the most effective approach would be to offer comparable specifications at a more affordable price. Hyundai and Kia, as Korean car brands, have successfully employed this strategy. By pricing their vehicles lower than Japanese and other competitors, they were able to secure a small market share and sustain their production. Over time, their brand reputation grew, leading to increased consumer trust and loyalty. Alternatively, if VinFast had a visionary founder like Elon Musk, who possesses exceptional business acumen and the ability to attract top talent, they could have a better chance at achieving success on a global scale.
No, the chairman of VF is not Elon Musk, he leads his company like a tyrant governs his country. Every citizen has a duty to fulfill the supreme leader wish or out. He's surrounded by incompetent and 'YES' men & women, who try their best to make him happy.
Not possible for a poor developing country to firstly not be a place known for producing cars and secondly try to pitch themselves on the onset as a luxury car manufacturer. No credibility.
Elon Musk didn't start Tesla.
If only they had consulted you before jumping headfirst into the ultra competitive automobile market in the US.
@@youtoobizationUltra competitive but US market is not without its flaws, people like their gas vehicles easy to own and operate.
Fair and balanced analysis. I would not own a vinfast vehicle because they could go under and I’d be left with no warranty. As such this car’s resale value will drop like a rock as soon as you buy it.
Not could, they will.. Vinfast is a Yugo
I think they are here to stay but the price tho @@ that price range has too much gooooods
Agree 100%. There ‘s no chance of survive if you look at auto industry at the beginning there were few dozen companies and only a couple companies survived. Buyers of Vinfast will regret because there ‘s no nearby dealer to service or repair.
No and No BUY for me.
Why on earth would i cheap out and buy something so high risk
Not sure it's cheaper by any significant amount.
It's expenssive, more than a Mustang Mach E. Not even close to be cheap.
@@liviusebastianmahu9340Comparing it to trash from US legacy auto. To say it this way: in Europe only retards by US cars (except for Tesla which basically is South African and Chinese).
In Vietnam they are calling VinFake The portable Crematorium
I went to the vinfast showroom in California, they don't really look that great. Maybe 1990's styling. Sitting inside, it's just a regular car, not exciting like a Tesla. Kinda like a Subaru...
What's the point of buying one ? Went to the Tesla showroom (in the same mall) and they are awesome. People want them.
yes. same opinion here. 1990's car !
Tesla interior is bland
Why do you want a tesla? Is it for the name?
those registered vehicles are employees and their taxi service…. and few customers
The problem is mostly timing here. Back in early 2022 we didn’t have the Ukraine War, horrendous energy prices and EV’s were selling like hot cakes at high prices. Everything looked rosy and Vinfast and others had plenty of demand. A lot has happened since then and customers have dried up outside Vietnam - they are just too expensive in the current climate.
there is always a premium price on products that are new. They take advantage of the I gotta have one crowd.
They decided to bankrupt their own company
I checked out a Vinfast vehicle in San Mateo, CA and was disappointed to see old *USB-A* charger ports in the cabin instead of modern *USB-C* ports. While it's possible the rest of the car is excellent, the antiquated *USB-A* ports immediately made me assume the rest of the car was second rate junk.
I had a chance to try their VF8 taxi service in Vietnam last month. There is one USB-C port behind the center console, facing the back seats. Not sure about the front side though.
why would you care about USb A or C in a car when it only serve as a charging port? both Apple carplay and android auto are now wireless. Your opinion is quite dumb!
Have you seen the reviews Mr Viking? Saying they were mixed is incredibly generous as the reviews I saw slated the car as having an incredibly uncomfortable ride and ridiculously over zealous driver aids that render it downright dangerous. The only way a new company like Vinfast will succeed is if they are significantly cheaper than the opposition, otherwise there is no incentive to buy.
Yeah they are not cheap at all. I think the VF9 starts at $83k!
Vietnamese need all the driver aids they can get, and I have lived in Vietnam the last 4 years.
7000usd is ok
Ummmmm im not a huge Vinfast fan but you are stating some things that are not true, as of 8 days ago when you posted this video. The battery is now included with the purchase, no separate subscription needed. Their pricing is quite significant below competitors including Tesla. And at least where I live they do fully qualify for the government rebate. Have you actually driven one yourself yet? I have, and it's not nearly as bad as many of the online reviewers said couple months ago. They are improving, software interface is getting better, and given the heavy discounts here to the competitors it's worth at least some consideration, even including some growing pains that will come with it.
$47k + battery lease price and no $7.5k incentive= Big fail. At least for that money, the battery should be included.
Nah. 2-3 VF8 for that price
@@huyanhpham1445 What do you mean, the price in US starts at $47k.
They probably based their business model for NA expansion on the previous tax credit rules.
No more battery lease.
I wish them, and all of Vietnam well, but I can't imagine anyone in their right mind buying this over a Tesla.
Vinfast / vingroup is the economic front of the ruling commies...for doing some shady businesses as well.
It's not a normal business like any others.
Exactly.. Imma go short vinfast on the stock market 😂
Imagine you buy it and a year later the company file bankruptcy..then you be on your own 😂…as a consumer I will never buy it bc they don’t have any reputation and I don’t trust this company not even 10 years old.
I am vietnamse.Vinfast is national embrassing.Thier brand dont have any credit
Rent the battery is a deal killer all by itself.
I'd take a Tesla Model 3 for $20K and a $100/mo battery subscription over paying $33K and no battery rental. I think the numbers just have to work out. Especially if that battery rental is essentially an unlimited warranty as long as you keep subscribing. What I saw of the Vinfast formulas didn't seem to make any sense, though. A rental scheme could work especially well if a vehicle isn't going to qualify for the tax credits -- getting the initial price as low as possible makes sense. It sounds strange because it is essentially leasing just a part of a vehicle and that hasn't been done before. How many people are renting their iPhone monthly instead of shelling out $1000 up front ?
It's also something Vinfast already fixed MONTHS ago. I don't know why @electricviking is pretending it's still "a thing".
Breaking out of the relatively small Vietnamese auto market, despite a determined approach to forming strong strategic partnerships with leading technology suppliers and a willingness to commit substantial funds to building localised manufacturing facilities, is proving to be a hard slog for Vinfast.
I wish them luck but clearly this isn't going to be easy.
As an American, I do respect this valiant effort, and I do like the style of this vehicle, but it's got a one start rating, literally the worst car in the U.S. They have some serious issues to address, like the bumpiness of the ride, which is unacceptable they need to fix these suspension issues. It has so many problems, that it's just not worth it. I hope they can learn from all these mistakes and come up with something better that we can afford. They have a long way to go, but perhaps there will be a bit of hope for their future.
I'm always surprise when newcomers think they are instantly similar to the established brands. Especially if they are not alone. Like Tesla was the only one at their time. But now? Seems to me that we have more EV producers than ICE producers. 🙂
and then the price of Tesla was reduced ~30% of the price of Its, that I think the Vinfast was brought the value add-in for the consumers. for the competition that is not fair for any feild but I am sure that it will bring more and more choice for the consumer and the decision will depend on the personally. Wish Vinfast will success with their mission
Tesla thought that but the internet made them most valuable by people who don’t even own homes or new gasoline cars bad idea 😆
@@archimedes2261 I feel you got me wrong. In short: Tesla superb in most of its doing, the new & in the west unknown (chinese) EV brands not so much - for that price without any history beside that they are way, way cheaper in asia and they just want money for nothing.
For clarification, just had confirmation from Vinfast North America and the battery is NOT leased and is sold with with the vehicle and comes with a 10 year unlimited mileage warranty.
A $45k VF is OK-ish in Vietnam where most cars at that price has similar quality due/thanks to taxes. But with that $45k in the US should give you 2-3 VF8
VF8 in US is $ 55.000
@@jeezzz6974 It is under $5 dollar now. lol
I saw a review video and it has a lot of nagging issues. One being the ride being spongy and passengers getting motion sickness. Another is a constant onslaught of warning noises. Add those to the battery rental and it’s not a good owner experience.
So, you built a garbage product for which there is virtually no demand and then made the ownership model totally absurd. Brilliant. They deserve to fail like all of the other companies jumping on the EV boondoggle bandwagon.
Another great video, keep them coming.
With regards to Vinfast and other Non EU/USA brands, I think they are all suffering from the same issue that they have in Europe... Greed.
The brands are not established in the USA/EU and they are trying to sell at or around the same price as Tesla which is never going to work.
Even if their vehicles are better their pricing strategy wont persuade most people to purchase their vehicles.
They need to look back in history and see what the Japanese did when they started selling vehicles in the USA/EU, basically drastically reduce the price to undercut the established brands significantly, even if that means selling at a loss to gain market share
you right they supper greed
you greatly underestimate the quality of not US/EU brand. US/EU brand are the greediest brand in the world. it why they don't sell well in the rest of the world.
@@lagrangeweibecause they are established in the US and in Europe they could become greedy. Which they are.
But when you are johny come lately, you cannot become greedy right away! Take your turn and wait a couple of years.
European and American car sales always lose and are below the level of Japanese cars. European and American cars were not in great demand, because they were so greedy for money in charging exorbitant prices
@@Woewoe-1 that is true, the Japanese came onto the world market with their cars, but were of low quality, that is in the beginning. They then developed better and more reliable automobiles. They kept their prices reasonable and now look where they are.
If the Chinese want to take over, they have to come up with good quality, reliable, dependable cars and have a good distribution system in the US as well as in Europe.
I have wondered if Vinfast is just a pump and dump stock operation.
i think it's a scam too. produce some horrid cars get the price up and sell it off before it collapses.
It looks like that what they trying to do.
Vin fast = vin trash = vin crash!!! 😂😂😂😮😮😮😊😊😊
A tool to shift dirty money out of VN legally via Singapore, dirty money stolen from the VNmese people by the RED commie officials.
@@soothingrelaxingmeditation3129 , It's a sophisticated scam, they are 100% Vietnamese, however they re-route their way of access to the capital market through Singapore to borrow the "prestige" of Singapore to make them look good....
Their cars are junk though.....what a waste.
Vinfast was the only Asian EV shown at the 2021 L.A . Car show.
It's 2023 now in case you are still sleeping
The battery fee is a non-starter for me, as I imagine it is for most people, and (correct me if I'm wrong) their total sales have been
The rental thing has been OPTIONAL in US for months, and has NEVER even been an option in Canada. It's irresponsible to release a vid in July 2023 with this horribly out-dated information.
Thank you for the quality and informative video. Vietnamese people in our country also do not buy Vinfast cars. We buy good quality and safe cars. I have never seen any company in the world that can't sell cars and open a taxi company to buy back the cars they sell???
well, why not?
they have the car they can't sell so might as well put them to use
why should they leave them be? to rust in the storage somewhere like BYD? that would be wasteful
@@nguyentrananhnguyen7900 Yes. it must be so! ❤️
It depends on if they can get their act together, I would no write them off just yet.
In Vietnam a water buffalo is more reliable than a vincrap😂
ouch
Yep, I knew this from the moment I saw Alex Gubberman attacking Tesla from all angles and hailing VINFAST after he moved to Thailand...
What a paid shill. Have blocked that guy since 2019 when he was busy telling us that Byton was going to be better than Tesla, and Tesla was junk. Because he allegedly owned/leased a Tesla Model S P85, from 2016.
@@tstan6827I hate people buy old Tesla just to talk shit about it that your fault for owning a old Tesla.
A $23B valuation for Vinfast? Is it a joke? The nice thing about SPACs is that you can put any number you want. In Vietnam, we have a saying, "thùng rỗng kêu to," which means the empty barrel makes the most noise. Vinfast has very little to show, but they want to be a major player in the car industry. It's pure marketing BS.
May be 23B Việt Nam đồng
Vinfast have got their strategy entirely wrong. The Japanese in the 70s and Koreans in the 90s have shown how to do I
it. You have to start with cars that are significantly cheaper than the competition. You must help buyers overcome their hesitancy of am unknown brand from a country not known for car making. That means giving them more bang for their buck than the established competition
Yeah , that’s why I bought Byd , because they are cheaper and quality is not bad
You are talking about a time when Societies knew how to reason, now they’re crying about how criminal Trump is, while lining up at food banks because everything is so expensive including all cars, courtesy of what they madly voted for in 2020 elections.
VF8 looks old. Maybe around 2000s Italian design, Fiat maybe. Not what’s on the competition now
Sam I was just at the Vinfast showroom in Berkeley and you no longer lease the battery. The prices you quoted include the battery. The car is not impressive for the money compared to Tesla Y. Vinfast is better than a Toyota but too expensive now with lowered prices and no rebate. They also weigh 1000 pounds more than the Y
Better than a Toyota! 😂
@vietnam1702 maybe he meant Toyota EV 😂
No surprise...It's kinda hard and take time to build up reputation especially with different business model (renting battery). Buying car is a big purchase for a lot of people. Just a rumor of Vinfast may be good is not enough. People need to see with their own eye how the car will hold up 5y later
if you buy their stock, you are literally giving them money to burn. lol
..which is exactly what they are hoping for from the suckers.....
It's really too late for Vinfast. In 2022 we needed EV supply no matter where it came from but now there are plenty of good ones available. It's too bad Vinfast could not get theirs right and get to market on time. What they need to do now is make sure the hardware is good quality and that the software is a joy to use and works every time. However, the largest and oldest automakers in world are failing at those things so it would be amazing if they could do it.
America and Europe aren't relevant markets. You just suffer from a huge delusion of grandeur. You basically are meaningless on a technological, cultural and political basis. 4.61 billion Asia is. Edit: 4.8 billion Asia.
I think the legacy automakers are catching up, but not everyone has the 40-50kus to spend on an EV. And there are those that do, but are worried about range anxiety.
@@supertouring1 I get that. Also, if you live in apartments there is no cheap place to charge. You really need a house with 240 outlet to get the maximum savings.
In addition to the battery leasing plan issue, based on the many reviews, it seems Vinfast could have really benefited from at least another solid year of working on their software, suspension and build quality issues.
@@frankcoffey Someone also noted it also depends on where you live bc some places have really expensive electricity rates.
Nothing can really compete with Tesla in specs, value, software, features, or performance.. but they can compete in luxury and price. Vinfast needs to lower their prices otherwise it's not competitive.
BYD is better value than Tesla.
@@elmoheadBYD is not better value than a tesla . You pay for what you get . BYD In australia is 50k with on roads . A tesla is now reduced to 60k in australia with on roads.
You are buying a Chinese brand car . Tesla although have 1 factory in china are an AMERICAN car.Resale value for Chinese cars is worse than any car in the world. Now paired with the fact that every spec of the BYD underperforms a tesla such as 0-60 in 7seconds compared to teslas base model in 5 seconds . That in itself is already better value . Than you have handling & safety(better in a tesla)
Tesla have Michelin pilot sport 4 tires , BYD have no name branded tires that are skinnier than me on a diet.
And I shouldn’t have to mention teslas tech and after sales support …. You’re welcome
@@elmohead i just watch china insights, one of the video in his video said there're multiple BYD EV on fire at the same charging port, don't know if it's the same week or month or year but that's enough to worry about buying it or not
@@elmohead NO.
@@Notme-tq4xs bruh Tesla Model Y extended still uses NMC batteries, doesn't come with retractable sunroof. Tesla cars don't have blindspot monitoring, no ambient lighting lol.
And you wonder why Tesla is considered a budget car in China lol.
Hard to compete with Tesla Model 3 (after incentives) or the Volvo EX30 for under $36,000. For the larger $86,000 SUV, they're competing with Kia and Volvo.
And Rivian.
"A rushed product." It would be interesting to evaluate the pros and cons of rushing into a market. Potential pros: get much needed revenue and a beachhead in a foreign market, "if not now, when?", learn and iterate, build awareness, etc. Potential cons: long-term brand damage (shout out to the Hyundai Pony), warranty costs, getting "over one's skis" and going bankrupt, etc.
Stop with the battery rental misinformation! Months ago Vinfast announced the battery rental concept was ended for USA. They do rent batteries in Vietnam but not in North America.
In my experience as a Californian, nobody in my close circle knows about Vinfast.
As a Californian, yes we know. But nobody bought one.
You dont have to rent the batery. You can choose buy or rent. And remember, if you own the batery, you will have to replace it after some time, so renting is not a bad option given that the batery technology is developing very fast.
Why would you need to replace the battery?
@@alibro7512 you think the battery lasts forever?
@@tpndtbk Modern batteries will last longer than the car.
@@alibro7512 Well, I heard that Tesla users still need to replace batteries.
@@tpndtbk Only if they go faulty which can happen to anything. There are many Tesla's with 200k miles and more with minimal degradation.
Can VinFast be existing next few years for Customers cares Up Date? 😅
The electric equivalent of the Yugo
Problem is that it’s not built on a skateboard platform. It’s a converted ICE car noted by the remaking driveshaft hump. It’s not American made.
Just because Sam doesn't get the idea doesn't mean that the Vinfast battery leasing arrangements are horribly complicated or unfair.
Around the world there are many countries in which the payment for expensive items, housing stock in Northern Europe for instance, gets broken into two components - an up front payment and an ongoing rental payment. The former reduces the outright one off payment for the expensive item and allows people of modest means to acquire expensive goods. The latter finances the full cost of a purchase in a way that is delayed and extended over a longer period, similar in form to repayment of a small loan but at a modest fixed rate without ever having to go to the trouble of taking out a loan.
We are yet to see what Vinfast's best price for one of its cars sin battery will be once it starts making them in the USA.
Now, the battery lease arrangements in North America, after some to-ing and fro-ing, involve unlimited miles in all cases. The most expensive option is a lease charge of USD$219 per month (for the large VS 9 battery).
Vinfast makes its case in this way:
By separating the price of the battery from the acquisition value of the automobile, VinFast takes on all the risks related to the vehicle’s battery and ensures a reasonable price for its products, while providing customers with peace of mind about the battery’s quality during use. VinFast also commits to provide a lifetime battery warranty covering all maintenance and repair costs, and will replace the battery for free when charging capacity dips below 70%. The battery subscription policy is considered a key solution for customers to make a transition to electric vehicles easier, allowing VinFast to become ‘the car for everyone.’
That isn't so hard to understand. The continuation of relatively high monthly lease payments after 5/10 years, say, can't really be justified because by that point the car owner should also fully own the battery based on payments already made. A nominal annual fee to keep the lifetime battery warranty in effect might be justifiable, however.
For Vinfast to work, they need to sell their vehicles at least 30% less than the equivalent Chinese vehicle, until they can gain a small market share above the Chinese equivalent product and of course drop the crazy battery rental deal.
The logic of being able to swap out the battery when newer technology or greater capacity becomes available is lost on all buyers.
Even if they wanted to reduce the cost to the 30% range, they couldn't achieve that. If you make everything in-house, then it's possible to control the cost, but Vinfast, except for their advantage on labor cost, imports everything.
VinFast is selling in USA, there's no China EV competition only other nations
But the price they have are equal to competing with Tesla
China BEV also can't compete head on with Tesla at same segment
There's no competition
It will be very hard for them to lower their price further given their market at home is small
The volume aren't there to compete unless they have something others don't
@@james_l4337remember Polstar and volve they are Chinese brands and are taking US market share of EV. NIO they will launch their EV next year in north America
@@PTL4179the most stupid comments I've heard.....lmao.....Vinfast imports everything..😂😂😂😂......you dont speak, no one knows you stupid but when you speak out......oh my God........
@@james_l4337Chinese EV can't compete with Tesla at same segment? How did you know? See what happens in China's domestic auto market.
It has been mentioned in previous comments , but worth repeating --you can own the car and its CATL LFP battery outright. No funky battery lease issue anymore.
Does it matter anymore?
I saw a Vinfast car in San Francisco today. It had Michigan plates on it.
i've seen two in l.a., both had manufacturer plates on them. i wonder if they hired people to drive them around an asian area to bring to their attention.
proud vietnamese will buy it for sure, or they used it because they work for vinfast.
@@jonitan76nope not me I’ll stick to tesla, ionq n when it come out I see more Vietnamese people buy tesla especially s plaid and x plaid, mach e, ev6, ionq but us people prefer tesla more.
I had no idea they even existed.
Why don’t people buy an expensive product from a company they have never heard of? Hmmm
Vinfast dealerships are also in Canada.
They bit off more than they can chew. People in the USA aren't going to buy cars from an unknown brand especially from a developing country.
Every RUclips review said to wait. You the buyer are Beta testing the car. Lots of issues with sensors constantly going off, poor stability, lane control, and throttle response. To name but a few.....
The Vietnamese had no foundation in building cars before this, and there was no huge domestic market to support technological development, so I would not buy it
Both things are no reason. A country doesn't need a historic foundation to build cars nor any domestic market to support technological development. Should be clear with Rimac Automobili and the way smaller Croatia.
Us Vietnamese in US aren’t either I see them few time now but I see more Vietnamese people drive mostly tesla s plaid and x plaid, mach e , ev6. My relatives starting to buy tesla instead because of charging network my cousin told me he only got his model y because of charging networks and technology.
They said same thing about Korean cars yet they r here and selling.
@@eddevoe2519 Korean car have china market in 2000s, viet not have
Tesla started from scratch with no car building history.
Vinfast has huge quality issues including one reviewers car just dying. They even have a per day reimbursement for various issues that may exist
My dad told me someone drove one brake fail I rather not deal that than Tesla sometimes bad interior quality and gaps
They’re too expensive and the battery program is janky. They need to chop $15K minimum.
Their pricing is probably distorted because they have insane taxes on cars in Vietnam. The prices probably seem sensible the the CEO. Not that the vast majority of their population could even consider buying a car.
👎Vin-FAIL. Enough said. It's a crap company with a crap plan to tackle making EVs. Just trash. I agree in that they'll bankrupt and cut their losses. One would be insane to waste money on a VinFail for many obvious reasons.
We do know about Vinfast...the thing for me is that the 8 and 9 models are basically not good looking. The 7 and 6 models are really nice looking. In the US they need to do the VF7 and VF 6. As far as quality, hey...everyone said the same thing about Tesla when they first started.
Are they still renting the car batteries on subscription model ? I am against every single subscription that sucks money directly from my pay check monthly. Everytime you subscribe to something, instead of getting a pay rise, you get a monthly salary cut. It’s against my goal in life.
Nope, renting has been OPTIONAL in US for months.
Was never even an option in Canada
@electricviking should know better 🙈
Its worth jack...
They look too generic like any other manufacturer IMHO. Not to mention the price parity. If you can get a Tesla or a Vinfast, who do you choose? Then a year or two later, you decide you want to trade it in for a Ford Lightning, what gets the most in trade in value? They need to offer 10k off per car and take a loss to get cars in front of the public to change minds. For at least a year. I haven't seen a single Vinfast ad online, on YT ads, FB...anywhere. People here will think the name is a competitor to carfax for VIN numbers.
Guess how long Tesla been around. More than 10 years folks. Why would average person buy a $50k EV from a unheard of company. $50k is not nothing. To an average person…….if the EV cost about $100, most people are will to give a shot, but not for $50k.
Wow, great analytics, a sane and thoughtful comment section. I think I’ll set my tent here, thank you, Viking!
I lived in Northern California and I've seen more than 10 Vinfast on he road for the past 3 months. I'll say people definitely buy Vinfast, although not many people buying it. I personally won't get it. I never see a NIO on the road and I wonder if its available in the US.
Don’t think NIO is selling here in the US.
NIo will come next year as they plan. Vinfast is trying to avoid confronting with Chinese car, so they don't enter South East Asian market. But even no Chinese rivals, with the high price, it is really hard for Vinfast to win a small market share in north America
VinFake have not able to sell any car. There are about 300 VinFake on the road about 150 are leased, the others are driving by VinFake worker.
are there actually cars available in the US? are you sure they are for sale?
Battery leasing = new battery at no additional cost Vs Battery replacement = $18K+ for new battery. Too soon to make judgement @Viking. Most people can afford small monthly payments, not many can come up with 18,000 dollars = dead EV.
They're crazy trying to enter the US market this early. They should concentrate on the Southeast Asian market first and get some experience before the try to go overseas. The reviews of the car have been horrendous, its not ready to go up against mature competition.
It is a conundrum -- cheap labor lets a developing country manufacture cheap goods but local buyers STILL can't afford them and they need to make a profit locally while they build a reputation before trying to sell to wealthier countries.
许多零部件都要从中国进口，这样成本就增加很多。独立品牌切记盲目扩张，放下身段，造老百姓需要的好车而不是华而不实豪车才是立足之本。
资本炒作，公司上市圈钱的。和蔚来，小鹏之类的一样的货色。没有技术积累，纯资本炒作。
Bạn có thể chứng minh lời nói của mình không? số liệu nào nói nhiều linh kiện của Vinfast nhập khẩu từ Trung Quốc? Tôi là người Việt Nam, sinh sống làm việc tại Việt Nam và tôi nói cho bạn biết là linh kiện của nó đến từ Nam Triều Tiên, Nhật, Đức là chủ yếu chứ không phải Trung Quốc. Người Việt chúng tôi không thích dùng hàng Trung Quốc vì nó nổi tiếng chất lượng kém. Bạn hãy ngừng dối trá về nguồn linh kiện của Vinfast đi. Người Việt chúng tôi khi nhắc đến hàng hoá Trung Quốc thì đều mặc định là hàng kém chất lượng.
@@nguyenhieu1687 中越友谊万岁，中越人民同志加兄弟，一起建设社会主义现代化强国。
@@nguyenhieu1687 祝越南同志在社会主义建设事业蒸蒸日上，为人类共产主义事业添砖加瓦。
@@nguyenhieu1687 最好是这样。如果你不碰我们，我们也不会碰你。你是世界第四大国家，除非被迫，没有人会愚蠢到碰你。
Vinfast is DOA in the US. Amazing their executives didn't consider the government rebate discount( which I consider to be a total waste of taxpayer's money) before entering the US market.
I think this is part of the marketing trick of Vinfast. For now the main market for Vinfast is not US but Vietnam where Vinfast build tens of thousand of charging stations (larger than the number EVs they have sold here). Cars in Vietnam are more expensive than in the US and a lot of other countries. However Vinfast EVs are cheaper in Vietnam compared to their international offerings which give Vietnamese buyers a sense of "a good deal". High prices may give a perception of being "premium", attract "reviews (good and bad 🙂)", and raise awareness. I think later models will be better priced and better built and this is where they can go global. I am a owner and driver of a VF8 in Vietnam for over 6 months and the car is good except some minor defects which have been solved more or less. Being an early adopter, I accept these defects and hope Vinfast will learn quickly and move forward with better EVs.
Surely vinyfast should be building the electric scooter and sell them in Asia including Vietnam and then ramped to cars later when have more experience
Who??? Never heard of them…. And I am a US EV owner.
Vinfast sold more than 11000 EV cars in the world from January to June 2023. This company is a newcomer in the US so It will take Time but I am confident that Vinfast will succeed not only in the US but in Canada and in Europe.
@@ZuneDragon It is just the beginning. I am confident in the intelligence and the capacity of the Vietnamese to overcome obstacles. Who can imagine a few years ago that this country is capable to produce electric cars and export in the world. Amazing
those 11000 cars sale is actually to a newly created taxi company GSM, a sibling of Vinfast, a child of Vingroup. No ownership change if look from the parent Vingroup.
@@johndoe3092 It is not correct only 1000 are sold to the taxi company . The rest are sold to private individual.
VinFake sold 10,000 EV to a fake company owned by VinFake.
Vin fast like vin trash vin crash
They have no tech and everything is purchased/licensed from other countries. Why would I buy them over brands from industrialized countries?
In Vietnam they can buy high ranking officials to get what they want....in the US it's time to "hire" some government officials to fly them to Hawaii to discuss business.
...smell of the shady land deals.....
democrats will do it
Please let us know when they hold their fire sale to clear their inventory and drop the battery leasing silliness, when it is much cheaper than competing models, I’d look.
Thanks Sam, I live in America and I check in with you to see what's going on at home
just the name VINFAST is horrible, it sounds so bad. like MOTONOVA, REVOLTAR, or DYNADRIVE
All of these car companies trying to sell expensive EVs at the same time is doomed. Who is going to buy these things? I keep following this market but it just gets worse and worse. I bought a new Honda CRV. It was in the mid $30s, fills up with gas in minutes at an endless number of convenient locations and I’ll drive it for the next 15 years like all of my other Hondas. This electric stuff still makes no sense to me at all. If I were going to buy electric I would just buy a Tesla. Ford is taking billions in loans from the government and will still be bankrupt. They are just delaying the end. Create cheap simple cars that burn gas.
What is there to worry about? Buying an electric vehicle from an auto maker who has ZERO experience producing gas engine vehicles for the international market, let alone electric vehicles.
Car battery rental has been shown to be a bust, which is why replacment battery starions will never work.
23 Billion dollar with shares starting at 100 bucks ... some crazies will buy shares only for the shares to become another LUCID down to 7 bucks.
I think you are still too generous in your assessment.
Lucid develops their auto tech and manufactures the award-winning cars.
What tech does Vinfast has? Zero, nothing...they are simply at the level of assembling. Even that their cars are considered junk in domestic market of socialist Vietnam.
...on top of that Vinfast carries more than $4 billions of debt and accumulated more than $4 billions of loss.
Make of that what you will.
As soon as I heard about "RENTING A BATTERY" are you freaking kidding me??? And how exactly does that work??? Does that mean even if I pay off the car I still have to pay monthly for the battery until the day I die? The batteries company was like ok sir / ma'am your contract for the battery is up by the end of the month, and our new contact will raise another 15% that will take you up to $500 more each month ok.😮😮🙏🙏 Please count me out.
Probably because it gets 265 miles on range on a 90 kwh battery, like wtf. The model Y gets more range from a 68 kwh battery.
I have a great business model, we will sell them a car and then charge them rent to drive it 😅
I live in Australia . The biggest problem for car companies from China or Vietnam is that our automotive market is saturated with different brands. This probably won't stop them from trying to sell new brands here.
You need to learn the history, China is also one of the first countries to develop the automobile industry and Vietnam is not, there are new energy electric vehicles most of the patents in the hands of Chinese enterprises, there are Chinese enterprises control raw material supply chain industrial chain parts and components, as well as mining and extraction research and development patents, the world's first commercialized market-oriented new energy electric vehicles are made by BYD. Standards are also set by Chinese companies. Also, China is the largest market with the fiercest competition for world brands, including Chinese car brands and foreign brands such as Europe, America, Japan and South Korea.
Making cars for profit is like opening another coffee shop in the local high rent shopping mall...many will try..few will succeed.
well done for vietnam conglomerate. at least he can make alot of money by milking US investors money, just like nikola and lucid. I am not surprise if vinfast failed in US. and i will be surprise if vinfast can sell at least 100k units a year in vietnam, considering vietnam ev infrastructure is not there yet and most of them cant afford 40k usd car.
It’s just a pump n dump stock operation
normally it is 99% about pricing. at cheap enough prices, people will buy for sure. and vinfast evs are not that good. they simply do NOT have the technological edge on any aspect, which makes their products are so so.
Vinfast is expensive, then you have lease the battery pack, which is then mileage restricted PER MONTH, with fines for going over the mileage allowance on top of that the battery lease is also passed onto the next owner when you you sell it, buy a Tesla and you can drive till the wheels falls off with no restrictions and none for the next person you sell it to either. Vinfast has completely missed the idea of the sales pitch, because even though you buy the car you never actually own it outright due to the battery lease crap.
Vinfast failed in Vietnam because of the annoying way of renting batteries.
@@vivuphuongnam I’m not surprised as it’s a stupid idea especially as it’s mandatory, maybe as an option but without the mileage restrictions, people may lease the battery then as when new battery tech becomes available they could opt to switch to the better packs.
You no longer have to lease. You can buy, and you can still get it replaced if it drops below 70% in 10 years (the best battery warranty in the industry).
In Canada, leasing was never even an option.
Thee Vinfast is building a huge factory in Siler City, NC. Who is gonna buy anything from Vinfast ????
Lease only the whole car, fine. Stuck with the monthly payments and the agreement, if VinFast exit the US then that's it. Slight inconvenience at most. Buy expensive car and lease battery, bad combo. Unknown brand in the US. Bad sentiment towards Vietnam from the US (worse than towards China?). More expensive than competition. No hope. Withdraw back to Vietnam, complete proper development, stick to SE Asia and maybe Australasia until they become experts at EVs. Then maybe back to the US.
UK car brands wasted their time trying to crack the car US for over a century, need to be very strong to try there
Those EV's are very good Cars >> But they're too expensive !
meanwhile Xpeng is valued at 14B usd. It is insanely undervalued.
Pretty well priced? I disagree. The Chinese and Vietnamese should be competing on price while giving essentially the same vehicle as more established makers. Instead both have tried to provide what look like decent cars, but at prices on par with established makers. Big fail IMO.