The good thing is that we now have more EV makers coming out, and this makes EVs become more competitive. Eventually, we all the consumers benefit from the competition. This means better EVs with reasonable prices. It's said the right thing will come at the right time. This time is for VinFast. In fact, Vinfast SUVs are such a rare combination of Italian Pininfarina and German BMW. VinFast VFs are stylish, modern, premium electric SUVs with cool high tech features and at affordable prices.
I hope you're right. I want you to be right! I really really want Vinfast to become a major player in the global BEV market. But I had high hopes for Byton too. And for Corbin Motors (long) before that. Well, "hope springs eternal" and all that! Let's see how it turns out.
Good on Vietnam ! Always like to hear of competition in the EV Market to compete w/the Tesla, Kia/Hyundai, Ford, etc in the market. Glad to see the end of ICE Cars by #VinFast as well ! The sooner we can end the Global Oil/Gas Cabal, the better for all of us !
I might consider Vinfast, especially since their VF8 and VF9 look so good, if it weren't for the battery subscription model. On the one hand it's cool you don't need to worry about battery degradation because you aren't stuck with the same battery forever. On the other hand you have a vehicle that you're never done paying for. Now I know the same could be said about a ICE vehicle because you have to continually buy gasoline or diesel and oil for it but if you have a VF9 and purchase the unlimited miles battery subscription plan at $110 per month, you're adding $1,320 per year to your car payments. If you drove 12,000 miles per year, that would be $0.11 per mile. If gasoline costs an average of $4.25 per gallon and you're getting 30 miles to the gallon, (it's way more expensive than that in places like California and New York) and driving an average of say 12,000 per year, then the gasoline would cost you $0.14 per mile for a total of $1,720 per year (plus oil and whatever other routine maintenance you may need). So the battery subscription would be a little cheaper than buying gasoline for many people, but not much.
Well they said its for the Gas Cars owner to be easier convert to EV. The way i see it is that the car is is on the higher end of the ladder, or Luxury Level. If we want a cheaper one we have to wait for a cheaper price with less luxury features.
If you want to own the battery, then wait until they apply the battery sales policy, the option is can at the end of 2023 or 2024, depending on your choice. Currently only renting batteries. The battery models they produce are all world-standard, if you don't like to buy their batteries, you can buy batteries from other suppliers. According to the information I know, if you are in doubt, you can ask the manufacturer
Finally an EV that has my attention, the VF9. Alas, as with most, it is too expensive. The Subaru Outback Limited is about, my limit. However, I am impressed with the company and would buy Vietnamese easily over Chinese.
Similarly, I had known nothing about the company until I talked to one of the VinFast people. Also, reading edmund's reviews did help. Before buying anything new, we of course do some homework because money does not grow on trees. According to edmund, "VinFast VF9 is one of the first fully electric large 3-row SUVs, and it goes from 0 - 60 mph in an estimated 6.5 seconds. That VinFast VF 9 is a three-row electric SUV, is notable in itself, as there aren't many of those on sale. As of this writing, in fact, there are only two: Tesla's Model X and Model Y. VinFast VF 9 is 3 inches longer than hefty Tesla Model X and almost as long as the full-size BMW X7. For larger families in search of a spacious EV that doesn't cost Tesla Model X money, VinFast VF9 can be the one." The fully electric larger 3-row SUV is stylish and premium at an affordable price! Cannot wait for it.
@@davidmccarthy6061 I've got a LiFEPO4 battery and a hard drive that were made in Vietnam. Also clothes. The top exports of Vietnam are Broadcasting Equipment ($42B), Telephones ($21.4B), Integrated Circuits ($19.4B), Textile Footwear ($8.9B), and Office Machine Parts ($7.68B), exporting mostly to United States ($77B), China ($49.4B), Japan ($20.4B), South Korea ($19.6B), and Hong Kong ($13.8B).
@@cjwilson54 thanks Chris, can I add? 50% of Nike and Adidas, Coach, Channel, Dior made in Vietnam and we export textiles, furnitures to US a lot. In another hand, we import from US machines, meat, agriculture products from US a lots
The speed with which they are moving is amazing. And the factory is more advanced and automated than many of established competitors. The NC plant might not create as many unskilled labor jobs as some might hope, but it might end up leading in production efficiency. The cars had the longest lines for ride-alongs and were attracting a lot of attention at the NY Auto Show. I could see them gaining ground quickly.
Money does not grow on trees, which explained why we need to do some homework before buying anything new. I had known nothing about VinFast until I talked to one of the VinFast people. Also, reading edmund's reviews did help. According to edmund, "VinFast VF9 is one of the first fully electric large 3-row SUVs, and it goes from 0 - 60 mph in an estimated 6.5 seconds. That VinFast VF 9 is a three-row electric SUV, is notable in itself, as there aren't many of those on sale. As of this writing, in fact, there are only two: Tesla's Model X and Model Y. VinFast VF 9 is 3 inches longer than hefty Tesla Model X and almost as long as the full-size BMW X7. For larger families in search of a spacious EV that doesn't cost Tesla Model X money, VinFast VF9 can be the one." The fully electric large 3-row VF9 is a stylish and premium SUV at an affordable price! Cannot wait for it.
@@JasonWW2000 For that design, you have to ask Pininfarina. The famous Italian car design firm definitely never ever copy another car. However, I know for sure that an all electric Lincoln Navigator 2022 would be at least $76K, but it won't come out until 2024 or 2025 due to the global chip shortage.
@@allenarthurs2043 I was not referring to styling. I just meant a full size luxury SUV. Another similar one would be the Escalade. Current versions of both start at $76k. A fully electric version would surely cost more, probably $90-100k. So in comparison to those, the V9 is quite a bit cheaper.
The important point on battery leasing policy is that if your battery drop to 70% capacity, vinfast will replace your battery, no extra fee. For other EV brands, you will have to buy a new battery.
No Extra Fee? Yeah you’re already paying them upfront monthly. People in America can LEASE the WHOLE CAR much cheaper then buying a car, did you know that? We wouldn’t worry about maintenance or battery if we lease the car 😂
@@minhnguyen-fr5zq Still better when you must pay for battery combined for same time using, because when you hire batteries you don't need to care about, like you said renting a car is pretty cheap in the US and I believe renting batteries is even much cheaper.
@@lanpncz I’ll give you examples #1 Tesla model y long range 65k usd, 521 km full charge, leasing 800$/ monthly, 1938 km / year, 5 yrs leasing = 48k. No sales tax. Vf8 41k + battery rental 110$/ monthly x5 yrs= 6600 , not counting % on loans, average 5 yrs loans 4K-6k with today interest. Sales tax 3% - 10% depends States. You can also lease other manufacturers EV other than Tesla. It becomes even cheaper. Vinfast doesn’t have any infrastructure for after sales services, so it’s price is not competitive at all.
You are right, those plans are way too complicated but I love the idea of renting a car for however long you need it for and just return it when you don't need it anymore or get something else. Especially if the pricing is somewhere around $100/$150 per month. I've been a car enthusiast my whole life and like to own and modify cars but it would be amazing to have a commuter car I don't have to worry about.
It's quite interesting to know that VinFast VF8 and VF9 are Vietnamese-made, Italian-styled, German BMW-based all electric SUVs with high tech features, and at affordable prices!!!
Is it affordable? I thought the vehicle price was decent assuming the battery was included. Now that I see the battery is not included, it no longer looks decent. It actually looks quite expensive for what you get (compared to the competition).
@@JasonWW2000 Let's talk about EV battery! Experts suggest that EV batteries often last from 10-20 years or theoretically last forever. However, EV battery degradation to below 70% is bound to happen at some point depending on the driving habits, charging habits, speeds, the temperature, road conditions, and more. As a result, several federal regulations require manufacturers to warranty EV batteries for 8 years or 100,000 miles to ensure the batteries hold at least 70% capacity. In reality, a Finnish man's 2013 Tesla Model S after 8 years started showing error codes while the mileage display was less than 100,000 miles in December 2021, and the only fix was a $22,600 full battery replacement, which was half of the price the EV retails for, and his final choice was sadly to blow it up instead of footing the bill. I have been told a couple-husband and wife in LA, had been stuck with a bill of $50,000 to replace 2 Tesla batteries! Money does not grow on trees, does it?
@@timblack9417 I don't think you understood my comment. Those 2 large paragraphs were completely unneeded. I was saying the total price does not look so affordable to me compared to say the Imperium Skywell that Sandy bought earlier this year for about $35k. Are you agreeing or disagreeing with me? I can't really tell.
Honestly the SUVs look very handsome. The pricing is comparable to the rest of the market. Free charging & lengthy warranty are a surprise & I love it. But not sure how resale works with subscription...because the owner doesn't own the battery lol.
This peaked my interest, until I heard about the battery lease. If the lease included a certain amount of free charging each month it might be worth it.
I was at the LA Autoshow back in November and I must admit seeing Vinfast VF8 in person was very exciting. Love the look of Vinfast and maybe my next EV Suv. But my question to you @Alex. Why is the back passenger floor still have a bump in between, considering this is ab EV and not ICE.
@@kdegraa Or the bump accommodates a cooling system for the battery pack? Since the pack is not an integral part of the frame, the battery temp management might be part of the car, and not tightly integrated with the pack... (purely a guess, of course)
The car was designed to accommodate both Ice and Ev , the ice version gonna use bmw sourced and tuned by Magna, but later on they decided to stick with EV only.
VinFast battery leasing program is not that bad. Let's do some math! Here are the numbers. VinFast basic 310 mile-plan is in my opinion mostly for elderly people and those who don't drive much, and it costs VF8 drivers about $35 per month or $1.16 per day, and $44 per month for VF9 drivers or $1.46 per day, which is nothing! However, VinFast unlimited mile fixed lease option is quite interesting. It costs VF8 drivers, about $110 per month or $3.6 per day, and for VF9 drivers, it costs $160/month or $5.3 per day. Now, compare those numbers to the price of $6.0 per gallon at a gas station at the moment! The battery leasing is still cheaper, and you have unlimited miles, not to mention a new battery for free if its capacity drops below 70%.
However if I own my battery as in my previous Bolt EV, recharging cost me $12 a month commuting and about $3/month during Covid lockdown. Leasing only part of a car will be a big change for Americans and humans don't like change.
@@dethpuck Nope, with the leasing program, you pay NOTHING at charging stations. The company backs its batteries with a lifetime warranty and says it will replace the unit for free once capacity drops below 70 percent.
@@allenarthurs2043 have you never charged an electric car before? Even at home it costs money. People are dumb but not that dumb Allen. Keep your scummy lease.
@@davidmccarthy6061 No matter we like it or not, evolution shapes our lives. The process changes everything to a better form. It's the way it is. The fully electric SUVs are a rare combination of BMW and Pininfarina. VinFast SUVs are stylish, modern and premium EVs at affordable prices. Even edmunds said, "VinFast VF9 is one of the first fully electric large 3-row SUVs, and it goes from 0 - 60 mph in an estimated 6.5 seconds. That VinFast VF 9 is a three-row electric SUV, is notable in itself, as there aren't many of those on sale. As of this writing, in fact, there are only two: Tesla's Model X and Model Y. VinFast VF 9 is 3 inches longer than hefty Tesla Model X and almost as long as the full-size BMW X7." Just like you, I had taken VinFast with a grain of salt until I read the review by edmunds. For larger families in search of a spacious EV that doesn't cost Tesla Model X money, VinFast VF9 can be the one.
The battery lease is going to be hard to sell in the US market. I like the idea, but the cars seem priced about right on without the leasing of the battery.
I have a reservation for the VF9 but not fully sold on the battery Sub. Time will tell. Side note i also have an ID4 res so if things look better for the VF9 ill be trading in
@@marwasalem9185 think about it the car is 60k so a Battery that big would set you back another 25-30k, thats almost 17 years of payments. Its your choice. Plus you always get to have a new Battery if charge doesnt hold above 70%, Vinfast is using LFP battery and Storedot in the future which could charge up to 80% in 5mins.
@@baboran Look you can pay 20K more in 5 years for the battery, but the risk of Battery getting bad, and outdated is there. For 110 , it’ll be equivalent to 15 years. Think about it. What if in those 15 years your battery gets bad you’ll have to pay another 20K.
I could see it as an insurance (no deductible) for the expensive battery, for $35/mo with charging perks. That's like chump change for many. Also one is likely to get more advanced battery later on.
I’ve never been so excited about electric vehicles until I heard about Vinfast VF8 and VF9. Most electric vehicles are flat out ugly. I may consider purchasing a VF soon.
I put a $200 deposit. I think the unlimited battery lease of $110 (for ten years) is a good deal at this juncture due to battery technologies still evolving. I would buy the battery once the battery technology has matured in next few years.
Ahh.....what? There is a few flaw to your logic! First, they might not sell you new battery even if battery get better! they want you to keeps paying!! lol. Second, Battery Tech don't improve that fast!! Once they get something decent they make those and won't get better for another 10 to 20 years!! Look at our current battery!! Even if Batter get way better..you can only buy it from the company that make it. Vinfast don't have anything of the kind.
I put the pre-order $250 CAD down. But will reconsider buying if they don’t change the battery lease option. Perhaps they should add a 3rd price tier with battery included. The buyers would have another option.
The important point on battery leasing policy is that if your battery drop to 70% capacity, vinfast will replace your battery, no extra fee. For other EV brands, you will have to buy a new battery. - Long Le -
This EV sounds and looks good. I was hooked, until you started to tell us about not getting a battery with the EV. This does not work for me. I currently own a 2022 Toyota RAV4 PRIME. I plan on trading this vehicle in for a full EV when I find an EV that catches my eye and pocketbook. The Vinfast EV seems nice, but paying a monthly fee for a battery does not work.
Where can I get mine fixed? I am interested in the car but they need to address many questions. Would I be leasing the charger too? Why would I want a charger for a battery I don’t own. What can I do if that charger fails? Or an axel bearing goes out prematurely? Without an infrastructure, owning that vehicle could be a nightmare.
Yes, I would seriously consider a VF9. I'd have to test-drive it, see how it feels, how it handles, how well it shifts from passengers to cargo, etc. Those details are more important to me than range, as long as I can get a minimum of 250 miles per charge. Oh, time to recharge from 15% or 20% up to 80% or 85% is important too... I would be comparing this to a Tesla Model Y, which may be very difficult to acquire over the next few years, just as Vinfast is being rolled out in the US market and will be much easier to acquire. At least I expect so, since it's an unknown brand, and Americans are slow to embrace unknown brands for things like automobiles, even as they actively hunt for unknown brands of coffee roasters and artisanal chocolate. (Weird? Or rational? That's a different topic, I suppose)
Vinfast is working on Storedot Battery which can charge up to 80% in 5 mins. Plus they currently producing LFP battery , it doesn’t harm the environment as much and doesn’t catch on fire like current lithium nmc. Also working on Solid State battery.
I'd have a lot more confidence as a used EV (especially luxury) shopper if the battery had a subscription model on it as opposed to a warranty that ends after 8 or 10 years. My used 2016 GM spark EV had its battery go bad after only two months of ownership and GM doesn't seem interested in honoring the warranty. Would be more keen to buy a used EV where even if I had to pay a little extra a month I know I won't have to absorb a $10k or $20k battery replacement cost
Very interesting and informative video. Subscription models didn't work in Europe and I doubt they will work in USA. Plus they upfront price tag is way too high to justify the battery lease cost. The Zoe, for example, did start with an affordable and competitive solution, while Vinfast is pointing to the stars while the competitors include the batteries in a similar price range. What's your opinion?
The battery subscription model is absolutely terrible. It would only makes sense if it was optional and included fast swapping but still the price is not cheap for the range
I think the subscription is what's going to kill it unless it's somehow in the monthly payment of the cars but even let's say I buy the car out right that's still too much to deal with
I’m not a fan of the separate battery scheme. Too risky for a brand new company, what happens if the exit the market but you own an EV with no battery?
@@RedBatteryHead Not to mention their target customer usually leases the whole car anyway, so this is kind of the best of both worlds, especially considering the charging discounts.
@@Marker-er3ro No creditors will repossess the battery, stop spreading rumors. Vinfast will just send a block signal to the battery if they belly up, you might die while driving in it tho
They need to simplify their battery lease. This program doesn't put you at ease but seem like they are dumping a battery problem on you and removing it from their warranty! Plus it seems a bit pricey for the battery...please do your homework before considering Great review!
I have to admit that Pininfarina did a great job on the design giving VinFast an elegant and distinctive look, especially at night when the headlights and taillights on. Actually, I found out that the battery leasing options are not that complicated. Basing on the battery leasing options for VF8, I would rather pay $110/month (or just over 3 bucks/day) for having no mileage limit and no energy charge at any charging stations every month, than pay $35/month (just about 1 buck/day) for a mileage limit and no charge within only 310 miles every month.
@@JasonWW2000 It's such a great comment! That leasing option is mostly for those who don't drive much. Older drivers are just one example. This option of over 1 buck/day, is intended to save them money.
@@samuelclarkton2748 Do you really think so? If I drove that little per month I would probably just buy a cheap used car or no car at all and use ride share like Lyft or Uber. It almost seems a waste to buy a brand new vehicle and then hardly use it. IDK.
@@JasonWW2000 It's all up to you. It's your choice. You can use any type of transportation you like, but in America, we need to have our own private cars to go to work, to school ... just for our convenience. Also, paying 3 bucks/day and driving unlimited miles is still cheaper and more convenient than any type of transportation, including Uber and Lyft.
@@samuelclarkton2748 I have to strongly disagree with you. Ride share is way, way cheaper. Buying a vehicle is expensive, plus you have full coverage insurance, plus any maintenance, etc... So there is no comparison in cost. Having your own vehicle is more convenient, though. If your elderly and living on a pension and only travel a little per month it's way cheaper to not buy a new vehicle. So we agree that a person in that position is best to have a cheap used car? No car payments, cheaper insurance, just maintenance items are needed. They have their own vehicle so it's very convenient. So what type of elderly person would the Vinfast be for? Someone who has retired with a million in the bank? That makes sense, but are there enough of them? IDK. I would not think so as it's a tiny demographic. I still don't understand there reasoning for the 310 miles. Maybe they don't expect anyone to actually drive that little and it's all a marketing thing to make it sound better? IDK.
@@JasonWW2000 Me too. Concerns about battery pack degradation and its replacement cost are one of the reasons big auto manufacturers have been reluctant to make any BEVs at all, until recently. Tesla's approach was to make the battery pack as amazing as possible and assume the battery pack will die around the same time that the rest of the car does (even though that's a sketchy assumption). Vinfast's approach is to isolate the riskiest variable of BEV ownership and treat it differently from all the rest of the car (even though that raises exactly the issues the OP objected to here). I could go either way, honestly. "Owning the entire vehicle" including a potential poison pill (a bad pack) might be just as risky as "owning the vehicle but holding the battery pack at arm's length." We really won't know for another ten years or so. That's when we will have enough real-world data to prove the real risks of both approaches.
he's going easy on them due to getting all the nice treatment. No way he really belives all this scammy confusing battery lease schema will be fine for pretty much most customers :D
justifying this with "no need to worry about battery degradation or other issues" - thats what warranty is for and only those who never had EV, worry about this. (Owner of 360 000km leaf)
You are right Alex. To many options on features that are standard elsewhere. Once you add in your monthly surcharges the prices are not nearly as attractive at first glance. Your fixed costs will fluctuate from month to month. You did not talk about motors, batteries, charge time’s etc. No doubt more to come. I wish them well but I’ll wait for the Chinese choices before I seriously consider EVs. other than Tesla.
Exactly just like the Japanese and Koreans before them, I keep telling friends and family that before the decade is out most people will know of someone driving a Chinese car. Just like so many of our goods our cars will be made in China eventually. I have nothing against them and some examples, like those from BYD, are really well built and will be very competitive on the world market. I was surprised that the Vietnamese and Turkish are looking to sell cars internationally also, they look promising.
Alex - get an updated interview with Henrik Fisker.. I truly think this time is different that Magna is manufacturing the Cars.. Plus, experience centers are opening all around the world and Start of Production is Nov 22. Range/Design/Performance is unbeatable for the Price 37.5K - 63K before Fed Incentive..
I’ve just suffered from culture shock, the only images I have of Vietnam are from war movies like Full Metal Jacket, Platoon and Casualties of War and then to see Alex chillin 😎 on the veranda and having a boogie in a nightclub I was like😱 “what the actual”.
You should travel to Vietnam ... it will be very interesting. Vietnam is very different from the movies you see Good food, beautiful scenery, cheap price
As always a great show.... Vinfast will have to change their model for the UK... as battery degradation becomes less of an issue leasing a battery makes no sense.
VinFast says it will offer two variants of the subscription, Flexible and Fixed. Flexible feels like an old-fashioned cell phone plan, with a small monthly fee ($35 for VF8 and $44 for VF9) and a mileage limit of 310 miles per month, and then $0.11-0.15 per mile after that. The Fixed plan is more like unlimited data, at $110 per month for the VF8 and $160 for the VF9 with no mileage caps. VinFast says the subscription addresses customer concerns about battery life because a leased battery will effectively be always under warranty, but we think it’s more likely to complicate the purchase of an EV than ease it.
While he mentions the 7500$ tax credit, it is actually unclear wether you or Vinfast receives the credit because you do not own the battery. He also does not mention that while also renting the battery, InsideEv states that you have to pay mileage for going over 300 miles a month. Even Americans who rarely drive could burn through that cap in a week
He *does*, in fact, mention paying for mileage over 310 miles/month at 9:19 -- it's even printed on the screen. That is 3720/year which isn't a lot, but I drive to/from work every weekday and I drive well less than half that every year.
@@EforElectric your right, I must have mist 9:19. But I did not miss that Vinfast is not on the approved Automakers on the IRS website. Also that genius comment instead of just stating what was said will ultimately cost you your reputation and viewers down the line as you grow if you continue to answer every criticism like that
Nice car but the battery lease idea is not for me. Could maybe suit someone who wants to do a lot of fast charging to 100% Even then this will become irrelevant as LFP battery's start to kick in. It does kick the cost farther down the road so to speak, which could help some buyers. Why not have an outright option for people like me who wont lease period.
It’s an interesting car that being said it’s hard to find much about reliability of the brand. And one big red flag that comes up is they sued a RUclipsr for criticism on his purchased vehicle. Censorship like that makes me wonder. That being said it is on my list of potential cars.
Props to the company for just “going for it”, as you say, but, as an American, I feel pretty safe saying that most Americans (me included) don’t want things to be that complicated when we buy a car. I believe you are correct: while bold, the battery pricing model is overly complex.
I had battery lease on our Renault ZOE. It made the car more affordable 3 years ago. Battery lease was km based. You would need 4 years unlimited km to balance lease over right out buying it.
Right now they're structure is way to complicated. I hope they tone it down and just offer some simple deals. The range is ok. I wish they had a little more out of the VF8. That battery rental is going to be hit and miss with Americans. I personally want to see the final release of the VF5 and the VF7. The body style of the concepts are more my style.
Hi..VERY intuitive Video's you given.. QUESTION: what is their IPO letter for investing the company..? Plz reply..thank-you..! I missed my chance with Tesla... this company " Vinfast" is my next BIG chance .. plz reply thank-you
Sounds like Vinfast is even greedier than American car manufacturers. Buy the car lease the batteries. The money just keeps pouring in. Why didn’t I think of that?
The vehicles look good but no way am I subscribing for the battery. That is a big time deal breaker. I would be interested in the pricing including the battery though… any idea?
Well you will have to replace the battery anyway when it getting low, and if it having problems during using, it mostly will be your problems. While renting a battery, your battery will be taking care of by the company, they will replace and in addition they said that they will replace it free and if new battery generation coming out, well you guess it, free replacement. For what I see, well... You win some you lose some It like slowly paying for your battery over time but this include a battery life warranty while the other option is not. So I dont know.
@@minhnguyen-fr5zq like I said base on people need, both have advantage and disadvantage. Some will find it good, some will inconvenient So i dont know, in some country like in Europe it works really well, while this method still new in US.
I think the subscription idea is... interesting. However i think that 310 miles is too low for the "lease" style option.... but also think the unlimited range option is too expensive. Also not a big fan of having a payment forever just to use my car.
One can also see it as an insurance (no deductible) for the expensive battery, for $35/mo with charging perks. Also one is likely get more advanced battery later on.
We will not be buying a Vinfast. The price is too high. And the battery lease just raises the price even more. Yes, there is the tax refund but the only people who make enough income to qualify don't need the discount.
Alex, so you mentioned you could buy the battery with the car, but not until 2024. So what additional cost will the battery add to the two different models that were mentioned? Or do they not have that pricing available yet?
Personally, I hate subscription models. This will be like having a HOA for your battery. Swing and a Miss for me...they need to scrap it and offer long warranties, or nobody will want to take the risk with a Vietnamese company that started with Raman noodles. Maybe they should give us a yearly supply of noodles instead of the two charges....I'll take a NEO or BYD instead. Both have better battery tech.
Is 10 year warrantee long enough for you? Money and ideas are that all matter here. They must go hand in hand. I don’t understand your reference to noodles as we are talking about cars. Anyway everyone got to start from somewhere. just wait and see if you still have some doubts. I already put money down for one of the Vinfast cars. Can’t wait to have it delivered
@@greenfieldbuddy8331 hey, I hope you have great luck with it, yes, a bit snarky on my part, but I hate subscriptions. Nobody owns anything anymore. Vinfast started as a noodle supply company, hence the free noodles. Good luck with it. I do like the size and shape of the designs in general.
Also, BYD has announced 10 yr unlimited mileage warranties. Neo has swappable tech. (Also subscription but you can swap in a big battery for road trips)
No matter what the numbers on the purchase price plus battery lease are, this scheme gives the impression that to don't really own this unproven car from an unproven brand, and somehow BEVs aren't safe to just buy outright. Further, this is a brand new company without the infrastructure to service said batteries. Because of all this, I'm afraid Vinfast will quickly go down in flames in the US market. And the numbers? The minimum battery plan most Americans will need is $110 a month, or $7920 over a 6 year car loan period. Factor that into the price, plus a car you won't be able to resell without that ongoing expense tacked on.
Beautiful Italian design cars, A Vietnamese startup car company was able to beat the CHINESE into the NORTH american and EUROPEAN markets. A embarrassment to them. SANDY MUNRO was wrong
I am more interested in the IPO than the vehicle. Getting on the "ground floor" offers the potential to make a big profit. Back in the 1990s, I bought Geely stock at $0.07 /share. Based on today's market price, I have gained over 2,000% in my investment. I would have liked to buy the Terrafugia FX(flying car) that Geely, at one time, had on it drawing boards. Prior to making cars, Geely made refrigorators. You might want to do a story about Geely and their connection to Volvo/Polestar, Jaguar and the London Black Cab Company as well as their venturing into flying vehicles. You might want to do a video on EVTOLs. They are thought of more as a type of flying taxi. I have bought stock in 3 companies making them.
I would buy and dump Vinfast’s stock. They don’t have a good track record on all of their investments except Real estate. Vinsmart, Vinmart, Vintv, Vinfast combustion car amongs other ventures flopped within 1-3 years
@@minhnguyen-fr5zq lol Samsung also made car and they have to stop then they become a top smartphone.... don't say that people don't trust them because they stopped car production. LG also have to stop smartphone because not profitable... anymore. Vin stopped Vinmart but they earned alot of money because they sold at good price, They still have hospitals, schools, real estate, hotels, resorts... good leader is to know how to stop loss. if you invest stock, stop loss is a need in some circumstances
@@mihbag6 why aren’t you selling any of Vin cosmetics products if you believe they’re so great. Most of your video are products from other country, especially Korean’s beauty products 🤠
...you are NOT the Vinfast target demographic, my friend! I'm thinking I'll keep my Toyota Sienna for long-distance drives and use the VF8 or VF9 (or other lower-cost, shorter-range BEV) as a daily driver. Parsing out my driving miles like that would make the lower-cost battery subscription easy for me. And if I'm getting close to the mileage limit for the month, I'll just use the old Sienna for a few days... or ride my bike more often, which I used to do quite a bit, pre-pandemic.
@@JHaviland1 or I can buy other car, without monthly payments, like Kia e-niro 64kwh, then I can drive as much I like without that 110 dollars a month. If Vinfast would be like 5000 cheaper than e-niro, I could pay 110 a month, but it's not cheaper.
@@petertraveller6421 how about if your battery has problem if you buy it or few years later battery technology change and you want to upgrade it?? please answer Friend, you have to pay 22K USD for new technology
@@quangsontran766 e-niro has 7 year full warranty, if battery has a problem, Kia will fix it, if I want new tech, I will sell my Kia and get a new car with new tech. Upgrading EV is not really good idea, much better to sell it to someone who wants it, and get brand new car, charging gets better every year, can not change all components of a car.
Nissan's experience is definitely a cautionary tale for Vinfast, but it doesn't guarantee failure. If you pitch the battery lease as a way to make the manufacturer shoulder the greatest risk of BEV ownership (having your pack crap out on you after 20,000 miles, and only hold half the charge it ought to, or less), that might make a difference. If Vinfast isn't aware of Nissan's previous experience, and isn't studying it and learning from it, then yeah, it's likely they will make the same mistakes and it will be ugly.
The good thing is that we now have more EV makers coming out, and this makes EVs become more competitive. Eventually, we all the consumers benefit from the competition. This means better EVs with reasonable prices. It's said the right thing will come at the right time. This time is for VinFast. In fact, Vinfast SUVs are such a rare combination of Italian Pininfarina and German BMW. VinFast VFs are stylish, modern, premium electric SUVs with cool high tech features and at affordable prices.
I hope you're right. I want you to be right! I really really want Vinfast to become a major player in the global BEV market.
But I had high hopes for Byton too.
And for Corbin Motors (long) before that.
Well, "hope springs eternal" and all that! Let's see how it turns out.
.... yes many EV cars are comming.
How many of them can make profit????
IWant Vf 7.8.9 Viet Nam❤
Good on Vietnam ! Always like to hear of competition in the EV Market to compete w/the Tesla, Kia/Hyundai, Ford, etc in the market. Glad to see the end of ICE Cars by #VinFast as well ! The sooner we can end the Global Oil/Gas Cabal, the better for all of us !
I might consider Vinfast, especially since their VF8 and VF9 look so good, if it weren't for the battery subscription model. On the one hand it's cool you don't need to worry about battery degradation because you aren't stuck with the same battery forever. On the other hand you have a vehicle that you're never done paying for. Now I know the same could be said about a ICE vehicle because you have to continually buy gasoline or diesel and oil for it but if you have a VF9 and purchase the unlimited miles battery subscription plan at $110 per month, you're adding $1,320 per year to your car payments. If you drove 12,000 miles per year, that would be $0.11 per mile. If gasoline costs an average of $4.25 per gallon and you're getting 30 miles to the gallon, (it's way more expensive than that in places like California and New York) and driving an average of say 12,000 per year, then the gasoline would cost you $0.14 per mile for a total of $1,720 per year (plus oil and whatever other routine maintenance you may need). So the battery subscription would be a little cheaper than buying gasoline for many people, but not much.
Well they said its for the Gas Cars owner to be easier convert to EV. The way i see it is that the car is is on the higher end of the ladder, or Luxury Level. If we want a cheaper one we have to wait for a cheaper price with less luxury features.
If you want to own the battery, then wait until they apply the battery sales policy, the option is can at the end of 2023 or 2024, depending on your choice. Currently only renting batteries. The battery models they produce are all world-standard, if you don't like to buy their batteries, you can buy batteries from other suppliers. According to the information I know, if you are in doubt, you can ask the manufacturer
Finally an EV that has my attention, the VF9. Alas, as with most, it is too expensive. The Subaru Outback Limited is about, my limit. However, I am impressed with the company and would buy Vietnamese easily over Chinese.
Interesting, but why? I'm not familiar with any products they export.
Similarly, I had known nothing about the company until I talked to one of the VinFast people. Also, reading edmund's reviews did help. Before buying anything new, we of course do some homework because money does not grow on trees. According to edmund, "VinFast VF9 is one of the first fully electric large 3-row SUVs, and it goes from 0 - 60 mph in an estimated 6.5 seconds. That VinFast VF 9 is a three-row electric SUV, is notable in itself, as there aren't many of those on sale. As of this writing, in fact, there are only two: Tesla's Model X and Model Y. VinFast VF 9 is 3 inches longer than hefty Tesla Model X and almost as long as the full-size BMW X7. For larger families in search of a spacious EV that doesn't cost Tesla Model X money, VinFast VF9 can be the one." The fully electric larger 3-row SUV is stylish and premium at an affordable price! Cannot wait for it.
@@davidmccarthy6061 Who do you mean by "they"?
@@davidmccarthy6061 I've got a LiFEPO4 battery and a hard drive that were made in Vietnam. Also clothes.
The top exports of Vietnam are Broadcasting Equipment ($42B), Telephones ($21.4B), Integrated Circuits ($19.4B), Textile Footwear ($8.9B), and Office Machine Parts ($7.68B), exporting mostly to United States ($77B), China ($49.4B), Japan ($20.4B), South Korea ($19.6B), and Hong Kong ($13.8B).
@@cjwilson54 thanks Chris, can I add? 50% of Nike and Adidas, Coach, Channel, Dior made in Vietnam and we export textiles, furnitures to US a lot. In another hand, we import from US machines, meat, agriculture products from US a lots
The speed with which they are moving is amazing. And the factory is more advanced and automated than many of established competitors. The NC plant might not create as many unskilled labor jobs as some might hope, but it might end up leading in production efficiency. The cars had the longest lines for ride-alongs and were attracting a lot of attention at the NY Auto Show. I could see them gaining ground quickly.
Loving this form of EV journalism! Keep it up Alex - it’s great you are able to share new information with your viewers!
Money does not grow on trees, which explained why we need to do some homework before buying anything new. I had known nothing about VinFast until I talked to one of the VinFast people. Also, reading edmund's reviews did help. According to edmund, "VinFast VF9 is one of the first fully electric large 3-row SUVs, and it goes from 0 - 60 mph in an estimated 6.5 seconds. That VinFast VF 9 is a three-row electric SUV, is notable in itself, as there aren't many of those on sale. As of this writing, in fact, there are only two: Tesla's Model X and Model Y. VinFast VF 9 is 3 inches longer than hefty Tesla Model X and almost as long as the full-size BMW X7. For larger families in search of a spacious EV that doesn't cost Tesla Model X money, VinFast VF9 can be the one." The fully electric large 3-row VF9 is a stylish and premium SUV at an affordable price! Cannot wait for it.
So similar to a Lincoln Navigator, but way lower in price.
@@JasonWW2000 For that design, you have to ask Pininfarina. The famous Italian car design firm definitely never ever copy another car. However, I know for sure that an all electric Lincoln Navigator 2022 would be at least $76K, but it won't come out until 2024 or 2025 due to the global chip shortage.
@@allenarthurs2043 I was not referring to styling. I just meant a full size luxury SUV. Another similar one would be the Escalade. Current versions of both start at $76k. A fully electric version would surely cost more, probably $90-100k. So in comparison to those, the V9 is quite a bit cheaper.
The important point on battery leasing policy is that if your battery drop to 70% capacity, vinfast will replace your battery, no extra fee. For other EV brands, you will have to buy a new battery.
No Extra Fee? Yeah you’re already paying them upfront monthly. People in America can LEASE the WHOLE CAR much cheaper then buying a car, did you know that?
We wouldn’t worry about maintenance or battery if we lease the car 😂
@@minhnguyen-fr5zq yeah 35$ a month but for a new battery that's cheap
@@minhnguyen-fr5zq Still better when you must pay for battery combined for same time using, because when you hire batteries you don't need to care about, like you said renting a car is pretty cheap in the US and I believe renting batteries is even much cheaper.
@@lanpncz I’ll give you examples
#1 Tesla model y long range 65k usd, 521 km full charge, leasing 800$/ monthly, 1938 km / year, 5 yrs leasing = 48k. No sales tax.
Vf8 41k + battery rental 110$/ monthly x5 yrs= 6600 , not counting % on loans, average 5 yrs loans 4K-6k with today interest. Sales tax 3% - 10% depends States.
You can also lease other manufacturers EV other than Tesla. It becomes even cheaper. Vinfast doesn’t have any infrastructure for after sales services, so it’s price is not competitive at all.
@@minhnguyen-fr5zq you forgot the $3000 off and free Adas and free Smart connect and $7500 tax credit.
This must be the best about EV reviews I have ever seen.
Thanks.
You are right, those plans are way too complicated but I love the idea of renting a car for however long you need it for and just return it when you don't need it anymore or get something else. Especially if the pricing is somewhere around $100/$150 per month. I've been a car enthusiast my whole life and like to own and modify cars but it would be amazing to have a commuter car I don't have to worry about.
It's quite interesting to know that VinFast VF8 and VF9 are Vietnamese-made, Italian-styled, German BMW-based all electric SUVs with high tech features, and at affordable prices!!!
Is it affordable? I thought the vehicle price was decent assuming the battery was included. Now that I see the battery is not included, it no longer looks decent. It actually looks quite expensive for what you get (compared to the competition).
@@JasonWW2000 Let's talk about EV battery! Experts suggest that EV batteries often last from 10-20 years or theoretically last forever. However, EV battery degradation to below 70% is bound to happen at some point depending on the driving habits, charging habits, speeds, the temperature, road conditions, and more. As a result, several federal regulations require manufacturers to warranty EV batteries for 8 years or 100,000 miles to ensure the batteries hold at least 70% capacity. In reality, a Finnish man's 2013 Tesla Model S after 8 years started showing error codes while the mileage display was less than 100,000 miles in December 2021, and the only fix was a $22,600 full battery replacement, which was half of the price the EV retails for, and his final choice was sadly to blow it up instead of footing the bill. I have been told a couple-husband and wife in LA, had been stuck with a bill of $50,000 to replace 2 Tesla batteries! Money does not grow on trees, does it?
@@timblack9417 I don't think you understood my comment. Those 2 large paragraphs were completely unneeded. I was saying the total price does not look so affordable to me compared to say the Imperium Skywell that Sandy bought earlier this year for about $35k. Are you agreeing or disagreeing with me? I can't really tell.
@@JasonWW2000 All Chinese made cars are not on my list because they all have poor quality. That is why I used the low end EV SUV Hyundai IONIQ 5.
@@JasonWW2000 People compare apple to apple, not apple with orange.
I've ordered the VF8 and like the battery leasing program.
Honestly the SUVs look very handsome. The pricing is comparable to the rest of the market. Free charging & lengthy warranty are a surprise & I love it. But not sure how resale works with subscription...because the owner doesn't own the battery lol.
Great design, Fantastic warranty but $50K + battery makes it too expensive for me - good luck to them
This peaked my interest, until I heard about the battery lease. If the lease included a certain amount of free charging each month it might be worth it.
I was at the LA Autoshow back in November and I must admit seeing Vinfast VF8 in person was very exciting. Love the look of Vinfast and maybe my next EV Suv. But my question to you @Alex. Why is the back passenger floor still have a bump in between, considering this is ab EV and not ICE.
Most probably it’s design is based on a model powered by an engine.
@@kdegraa Or the bump accommodates a cooling system for the battery pack? Since the pack is not an integral part of the frame, the battery temp management might be part of the car, and not tightly integrated with the pack... (purely a guess, of course)
Thanks for responding, I just think it make the back passenger less leg room.
The car was designed to accommodate both Ice and Ev , the ice version gonna use bmw sourced and tuned by Magna, but later on they decided to stick with EV only.
The VIN-group is huge. Even every car in the world has a VIN-number.
VinFast battery leasing program is not that bad. Let's do some math! Here are the numbers. VinFast basic 310 mile-plan is in my opinion mostly for elderly people and those who don't drive much, and it costs VF8 drivers about $35 per month or $1.16 per day, and $44 per month for VF9 drivers or $1.46 per day, which is nothing! However, VinFast unlimited mile fixed lease option is quite interesting. It costs VF8 drivers, about $110 per month or $3.6 per day, and for VF9 drivers, it costs $160/month or $5.3 per day. Now, compare those numbers to the price of $6.0 per gallon at a gas station at the moment! The battery leasing is still cheaper, and you have unlimited miles, not to mention a new battery for free if its capacity drops below 70%.
However if I own my battery as in my previous Bolt EV, recharging cost me $12 a month commuting and about $3/month during Covid lockdown. Leasing only part of a car will be a big change for Americans and humans don't like change.
you still have to pay for charging in addition to the battery lease.
@@dethpuck Nope, with the leasing program, you pay NOTHING at charging stations. The company backs its batteries with a lifetime warranty and says it will replace the unit for free once capacity drops below 70 percent.
@@allenarthurs2043 have you never charged an electric car before? Even at home it costs money. People are dumb but not that dumb Allen. Keep your scummy lease.
@@davidmccarthy6061 No matter we like it or not, evolution shapes our lives. The process changes everything to a better form. It's the way it is. The fully electric SUVs are a rare combination of BMW and Pininfarina. VinFast SUVs are stylish, modern and premium EVs at affordable prices. Even edmunds said, "VinFast VF9 is one of the first fully electric large 3-row SUVs, and it goes from 0 - 60 mph in an estimated 6.5 seconds. That VinFast VF 9 is a three-row electric SUV, is notable in itself, as there aren't many of those on sale. As of this writing, in fact, there are only two: Tesla's Model X and Model Y. VinFast VF 9 is 3 inches longer than hefty Tesla Model X and almost as long as the full-size BMW X7." Just like you, I had taken VinFast with a grain of salt until I read the review by edmunds. For larger families in search of a spacious EV that doesn't cost Tesla Model X money, VinFast VF9 can be the one.
The battery lease is going to be hard to sell in the US market. I like the idea, but the cars seem priced about right on without the leasing of the battery.
I have a reservation for the VF9 but not fully sold on the battery Sub. Time will tell. Side note i also have an ID4 res so if things look better for the VF9 ill be trading in
@@marwasalem9185 think about it the car is 60k so a Battery that big would set you back another 25-30k, thats almost 17 years of payments. Its your choice. Plus you always get to have a new Battery if charge doesnt hold above 70%, Vinfast is using LFP battery and Storedot in the future which could charge up to 80% in 5mins.
@@marwasalem9185 you’re not going to keep driving BMW and german after 5 years. That’s fact.
Like the looks. Made a reservation. Not sure about the battery lease plan.
@@baboran Look you can pay 20K more in 5 years for the battery, but the risk of Battery getting bad, and outdated is there. For 110 , it’ll be equivalent to 15 years. Think about it. What if in those 15 years your battery gets bad you’ll have to pay another 20K.
I could see it as an insurance (no deductible) for the expensive battery, for $35/mo with charging perks. That's like chump change for many. Also one is likely to get more advanced battery later on.
Great story, and I'm glad you reported the rollout!
I think Vinfast is a cool startup company for the 21st century!
I’ve never been so excited about electric vehicles until I heard about Vinfast VF8 and VF9. Most electric vehicles are flat out ugly. I may consider purchasing a VF soon.
❤️VINFAST is very modern, gorgeous, quality, trendy .
I put a $200 deposit. I think the unlimited battery lease of $110 (for ten years) is a good deal at this juncture due to battery technologies still evolving. I would buy the battery once the battery technology has matured in next few years.
Ahh.....what? There is a few flaw to your logic! First, they might not sell you new battery even if battery get better! they want you to keeps paying!! lol. Second, Battery Tech don't improve that fast!! Once they get something decent they make those and won't get better for another 10 to 20 years!! Look at our current battery!! Even if Batter get way better..you can only buy it from the company that make it. Vinfast don't have anything of the kind.
Good morning Vietnam .
I put the pre-order $250 CAD down. But will reconsider buying if they don’t change the battery lease option. Perhaps they should add a 3rd price tier with battery included. The buyers would have another option.
He said they will in 2024.
The important point on battery leasing policy is that if your battery drop to 70% capacity, vinfast will replace your battery, no extra fee. For other EV brands, you will have to buy a new battery. - Long Le -
I think that VINFAST is doing great things
I’m going to get me a 2022 Chevy bolt with a 259 range and 27k. Not paying 40k-50k for a car. Glad to see these evs coming this year.
Support EV-only companies!
This EV sounds and looks good. I was hooked, until you started to tell us about not getting a battery with the EV. This does not work for me. I currently own a 2022 Toyota RAV4 PRIME. I plan on trading this vehicle in for a full EV when I find an EV that catches my eye and pocketbook. The Vinfast EV seems nice, but paying a monthly fee for a battery does not work.
Where can I get mine fixed? I am interested in the car but they need to address many questions. Would I be leasing the charger too? Why would I want a charger for a battery I don’t own. What can I do if that charger fails? Or an axel bearing goes out prematurely? Without an infrastructure, owning that vehicle could be a nightmare.
Yes, I would seriously consider a VF9. I'd have to test-drive it, see how it feels, how it handles, how well it shifts from passengers to cargo, etc. Those details are more important to me than range, as long as I can get a minimum of 250 miles per charge. Oh, time to recharge from 15% or 20% up to 80% or 85% is important too...
I would be comparing this to a Tesla Model Y, which may be very difficult to acquire over the next few years, just as Vinfast is being rolled out in the US market and will be much easier to acquire. At least I expect so, since it's an unknown brand, and Americans are slow to embrace unknown brands for things like automobiles, even as they actively hunt for unknown brands of coffee roasters and artisanal chocolate. (Weird? Or rational? That's a different topic, I suppose)
please search on youtube to learn more about vinfast
Vinfast has publicized its very modern factory.
Vinfast is working on Storedot Battery which can charge up to 80% in 5 mins. Plus they currently producing LFP battery , it doesn’t harm the environment as much and doesn’t catch on fire like current lithium nmc. Also working on Solid State battery.
I'd have a lot more confidence as a used EV (especially luxury) shopper if the battery had a subscription model on it as opposed to a warranty that ends after 8 or 10 years. My used 2016 GM spark EV had its battery go bad after only two months of ownership and GM doesn't seem interested in honoring the warranty. Would be more keen to buy a used EV where even if I had to pay a little extra a month I know I won't have to absorb a $10k or $20k battery replacement cost
I love VinFast!!!
What a great coverage of Vinfast. Thank you for introducing Vinfast to the world.
Very interesting and informative video. Subscription models didn't work in Europe and I doubt they will work in USA. Plus they upfront price tag is way too high to justify the battery lease cost. The Zoe, for example, did start with an affordable and competitive solution, while Vinfast is pointing to the stars while the competitors include the batteries in a similar price range. What's your opinion?
I agree: a subscription model will not work in the US.
The battery subscription model is absolutely terrible. It would only makes sense if it was optional and included fast swapping but still the price is not cheap for the range
I think the subscription is what's going to kill it unless it's somehow in the monthly payment of the cars but even let's say I buy the car out right that's still too much to deal with
Beautiful people beautiful country beautiful cars..
I’m not a fan of the separate battery scheme. Too risky for a brand new company, what happens if the exit the market but you own an EV with no battery?
It has a battery. You just pay for it on that lease. So when they go belly up you have a free battery 😃
@@RedBatteryHead Not to mention their target customer usually leases the whole car anyway, so this is kind of the best of both worlds, especially considering the charging discounts.
@@RedBatteryHead or a creditor shows up an repossess it. Companies don’t normally let you keep something that cost $15k.
@@Marker-er3ro that would be a tricky deal.
@@Marker-er3ro No creditors will repossess the battery, stop spreading rumors. Vinfast will just send a block signal to the battery if they belly up, you might die while driving in it tho
They need to simplify their battery lease. This program doesn't put you at ease but seem like they are dumping a battery problem on you and removing it from their warranty! Plus it seems a bit pricey for the battery...please do your homework before considering
Great review!
Maybe battery rental could include free public charging?
I have to admit that Pininfarina did a great job on the design giving VinFast an elegant and distinctive look, especially at night when the headlights and taillights on. Actually, I found out that the battery leasing options are not that complicated. Basing on the battery leasing options for VF8, I would rather pay $110/month (or just over 3 bucks/day) for having no mileage limit and no energy charge at any charging stations every month, than pay $35/month (just about 1 buck/day) for a mileage limit and no charge within only 310 miles every month.
I'm not sure why they would think a person would only drive 310 miles per month. I think the average is closer to 1,000 a month.
@@JasonWW2000 It's such a great comment! That leasing option is mostly for those who don't drive much. Older drivers are just one example. This option of over 1 buck/day, is intended to save them money.
@@samuelclarkton2748 Do you really think so? If I drove that little per month I would probably just buy a cheap used car or no car at all and use ride share like Lyft or Uber. It almost seems a waste to buy a brand new vehicle and then hardly use it. IDK.
@@JasonWW2000 It's all up to you. It's your choice. You can use any type of transportation you like, but in America, we need to have our own private cars to go to work, to school ... just for our convenience. Also, paying 3 bucks/day and driving unlimited miles is still cheaper and more convenient than any type of transportation, including Uber and Lyft.
@@samuelclarkton2748 I have to strongly disagree with you. Ride share is way, way cheaper. Buying a vehicle is expensive, plus you have full coverage insurance, plus any maintenance, etc... So there is no comparison in cost. Having your own vehicle is more convenient, though. If your elderly and living on a pension and only travel a little per month it's way cheaper to not buy a new vehicle.
So we agree that a person in that position is best to have a cheap used car? No car payments, cheaper insurance, just maintenance items are needed. They have their own vehicle so it's very convenient.
So what type of elderly person would the Vinfast be for? Someone who has retired with a million in the bank? That makes sense, but are there enough of them? IDK. I would not think so as it's a tiny demographic. I still don't understand there reasoning for the 310 miles. Maybe they don't expect anyone to actually drive that little and it's all a marketing thing to make it sound better? IDK.
A subscription battery? That's a big no for me. If I buy a car I want the whole car.
Amen.
I can see the pros and cons of a separate battery. It's not all bad.
@@JasonWW2000 Me too. Concerns about battery pack degradation and its replacement cost are one of the reasons big auto manufacturers have been reluctant to make any BEVs at all, until recently.
Tesla's approach was to make the battery pack as amazing as possible and assume the battery pack will die around the same time that the rest of the car does (even though that's a sketchy assumption).
Vinfast's approach is to isolate the riskiest variable of BEV ownership and treat it differently from all the rest of the car (even though that raises exactly the issues the OP objected to here).
I could go either way, honestly. "Owning the entire vehicle" including a potential poison pill (a bad pack) might be just as risky as "owning the vehicle but holding the battery pack at arm's length."
We really won't know for another ten years or so. That's when we will have enough real-world data to prove the real risks of both approaches.
he's going easy on them due to getting all the nice treatment. No way he really belives all this scammy confusing battery lease schema will be fine for pretty much most customers :D
justifying this with "no need to worry about battery degradation or other issues" - thats what warranty is for and only those who never had EV, worry about this. (Owner of 360 000km leaf)
A lot of promises always make me doubt the implementation or timeline
Alex can we get some more footage of you sitting on the ground in front of the cars? Thanks
That's director's cut
You are right Alex. To many options on features that are standard elsewhere. Once you add in your monthly surcharges the prices are not nearly as attractive at first glance. Your fixed costs will fluctuate from month to month. You did not talk about motors, batteries, charge time’s etc. No doubt more to come. I wish them well but I’ll wait for the Chinese choices before I seriously consider EVs. other than Tesla.
Exactly just like the Japanese and Koreans before them, I keep telling friends and family that before the decade is out most people will know of someone driving a Chinese car. Just like so many of our goods our cars will be made in China eventually. I have nothing against them and some examples, like those from BYD, are really well built and will be very competitive on the world market. I was surprised that the Vietnamese and Turkish are looking to sell cars internationally also, they look promising.
Alex - get an updated interview with Henrik Fisker.. I truly think this time is different that Magna is manufacturing the Cars.. Plus, experience centers are opening all around the world and Start of Production is Nov 22. Range/Design/Performance is unbeatable for the Price 37.5K - 63K before Fed Incentive..
I’ve just suffered from culture shock, the only images I have of Vietnam are from war movies like Full Metal Jacket, Platoon and Casualties of War and then to see Alex chillin 😎 on the veranda and having a boogie in a nightclub I was like😱 “what the actual”.
You should travel to Vietnam ... it will be very interesting.
Vietnam is very different from the movies you see
Good food, beautiful scenery, cheap price
I think BYD stop manufacturing gas Cars early this year
You can customize the next month's battery rental plan. It is not fixed. It changes according to your near and far needs
Alex!!!.... no battery no sale!!!
As always a great show.... Vinfast will have to change their model for the UK... as battery degradation becomes less of an issue leasing a battery makes no sense.
Samsung also began by making noodles.
VinFast says it will offer two variants of the subscription, Flexible and Fixed. Flexible feels like an old-fashioned cell phone plan, with a small monthly fee ($35 for VF8 and $44 for VF9) and a mileage limit of 310 miles per month, and then $0.11-0.15 per mile after that. The Fixed plan is more like unlimited data, at $110 per month for the VF8 and $160 for the VF9 with no mileage caps. VinFast says the subscription addresses customer concerns about battery life because a leased battery will effectively be always under warranty, but we think it’s more likely to complicate the purchase of an EV than ease it.
Another Vinfast seeder, Leasing the vehicle addresses customer concerns about maintenance, battery, not buying a car and lease a battery 🤦🏼♂️
@@minhnguyen-fr5zq đu càng ///
They are building a factory pin LFP
I Love Taiwan and Vietnam..
While he mentions the 7500$ tax credit, it is actually unclear wether you or Vinfast receives the credit because you do not own the battery. He also does not mention that while also renting the battery, InsideEv states that you have to pay mileage for going over 300 miles a month. Even Americans who rarely drive could burn through that cap in a week
He *does*, in fact, mention paying for mileage over 310 miles/month at 9:19 -- it's even printed on the screen. That is 3720/year which isn't a lot, but I drive to/from work every weekday and I drive well less than half that every year.
I did mention it. Pay attention, genius
@@EforElectric your right, I must have mist 9:19. But I did not miss that Vinfast is not on the approved Automakers on the IRS website. Also that genius comment instead of just stating what was said will ultimately cost you your reputation and viewers down the line as you grow if you continue to answer every criticism like that
@@jokulhaups309 you're the one who decided to publicly call me out, so now take the punishment
@@EforElectric lol, grumpy comment of the week candidate here 😂😂😂
It would be a steal deal for people who drive hell of a lot.
Lại một người tự nhục, bạn không muốn VN phát triển, con cháu bạn có nhiều cơ hội? mình không hiểu sao lại có người VN như bạn
@@quangsontran766 T nói là ai mà đi nhiều thì mua xe này có lợi mà.
@@chauphong5712 thế mình xin lỗi nhé, mình hiểu nhầm câu tiếng anh của bạn
The battery renting is not that unusual. Renault did that for the Zoe 10 years ago. Not anymore though.
Nice car but the battery lease idea is not for me. Could maybe suit someone who wants to do a lot of fast charging to 100% Even then this will become irrelevant as LFP battery's start to kick in. It does kick the cost farther down the road so to speak, which could help some buyers. Why not have an outright option for people like me who wont lease period.
Thx Alex. What batteries does Vinfast use?
Hi Gust, they use Samsung Battery then they design by their own and packed in Vietnam Factory as well in US
@@quangsontran766 you mean Samsung battery cells, and assemble in Vietnam?
It’s an interesting car that being said it’s hard to find much about reliability of the brand. And one big red flag that comes up is they sued a RUclipsr for criticism on his purchased vehicle. Censorship like that makes me wonder. That being said it is on my list of potential cars.
Props to the company for just “going for it”, as you say, but, as an American, I feel pretty safe saying that most Americans (me included) don’t want things to be that complicated when we buy a car. I believe you are correct: while bold, the battery pricing model is overly complex.
So Cool
I had battery lease on our Renault ZOE.
It made the car more affordable 3 years ago.
Battery lease was km based. You would need 4 years unlimited km to balance lease over right out buying it.
Right now they're structure is way to complicated. I hope they tone it down and just offer some simple deals. The range is ok. I wish they had a little more out of the VF8. That battery rental is going to be hit and miss with Americans.
I personally want to see the final release of the VF5 and the VF7. The body style of the concepts are more my style.
Hi..VERY intuitive Video's you given.. QUESTION: what is their IPO letter for investing the company..? Plz reply..thank-you..! I missed my chance with Tesla... this company " Vinfast" is my next BIG chance .. plz reply thank-you
Wow, Vietnam the nice country!
Sounds like Vinfast is even greedier than American car manufacturers.
Buy the car lease the batteries. The money just keeps pouring in. Why didn’t I think of that?
The vehicles look good but no way am I subscribing for the battery. That is a big time deal breaker. I would be interested in the pricing including the battery though… any idea?
Well you will have to replace the battery anyway when it getting low, and if it having problems during using, it mostly will be your problems. While renting a battery, your battery will be taking care of by the company, they will replace and in addition they said that they will replace it free and if new battery generation coming out, well you guess it, free replacement. For what I see, well... You win some you lose some
It like slowly paying for your battery over time but this include a battery life warranty while the other option is not. So I dont know.
@@artistbackground8433 tell me the average year American keep their car before trading in for a new one. You will see your battery leasing is flawed.
@@minhnguyen-fr5zq like I said base on people need, both have advantage and disadvantage. Some will find it good, some will inconvenient
So i dont know, in some country like in Europe it works really well, while this method still new in US.
@@minhnguyen-fr5zq đu càng 😁
They announced that in 2024, they will have the option of either renting the battery or purchasing it outright with the vehicle.
I think the subscription idea is... interesting. However i think that 310 miles is too low for the "lease" style option.... but also think the unlimited range option is too expensive. Also not a big fan of having a payment forever just to use my car.
One can also see it as an insurance (no deductible) for the expensive battery, for $35/mo with charging perks. Also one is likely get more advanced battery later on.
I prefer to buy Vietnamese cars over Chinese cars .
both communist, just saying
@@michaeljiang960 you sounds like nobody know about that.
@@congausa1 some people don't, and some people pretend they don't
@@michaeljiang960 I will support Vietnamese cars more than any freaking Chinese cars.
its not the battery subscription that causes me the most pause. it's the mindset that made it possible that does. Buyer beware
I was really excited about their cars till I saw the battery subscription model. Now I will wait and see what happens.
Great cars and great idea.
For a unknown company it's too expensive for a startup. Plus lease battery makes it even more expensive.
Vinfast does not produce poor quality goods.
we in Vietnam are enjoying the great technology of Vinfast.
Vingroup ist wie Samsung, alle Produkte sind sehr gut.
Don't compare Samsung with Vinfast please.
We will not be buying a Vinfast. The price is too high. And the battery lease just raises the price even more.
Yes, there is the tax refund but the only people who make enough income to qualify don't need the discount.
Alex, so you mentioned you could buy the battery with the car, but not until 2024. So what additional cost will the battery add to the two different models that were mentioned? Or do they not have that pricing available yet?
Personally, I hate subscription models. This will be like having a HOA for your battery. Swing and a Miss for me...they need to scrap it and offer long warranties, or nobody will want to take the risk with a Vietnamese company that started with Raman noodles. Maybe they should give us a yearly supply of noodles instead of the two charges....I'll take a NEO or BYD instead. Both have better battery tech.
Is 10 year warrantee long enough for you? Money and ideas are that all matter here. They must go hand in hand. I don’t understand your reference to noodles as we are talking about cars. Anyway everyone got to start from somewhere. just wait and see if you still have some doubts. I already put money down for one of the Vinfast cars. Can’t wait to have it delivered
@@greenfieldbuddy8331 hey, I hope you have great luck with it, yes, a bit snarky on my part, but I hate subscriptions. Nobody owns anything anymore. Vinfast started as a noodle supply company, hence the free noodles. Good luck with it. I do like the size and shape of the designs in general.
Also, BYD has announced 10 yr unlimited mileage warranties. Neo has swappable tech. (Also subscription but you can swap in a big battery for road trips)
No matter what the numbers on the purchase price plus battery lease are, this scheme gives the impression that to don't really own this unproven car from an unproven brand, and somehow BEVs aren't safe to just buy outright. Further, this is a brand new company without the infrastructure to service said batteries. Because of all this, I'm afraid Vinfast will quickly go down in flames in the US market.
And the numbers? The minimum battery plan most Americans will need is $110 a month, or $7920 over a 6 year car loan period. Factor that into the price, plus a car you won't be able to resell without that ongoing expense tacked on.
Perhaps a lease is the best option. Buying outright might be lost to the past.
Nice car
Can't wait to jump in this IPO!
Beautiful Italian design cars, A Vietnamese startup car company was able to beat the CHINESE into the NORTH american and EUROPEAN markets. A embarrassment to them. SANDY MUNRO was wrong
Love it‼️ Bring on the competition…
Americans won't go for that battery arrangement. Vinfast had better wake up soon, include batteries in selling price.
I am more interested in the IPO than the vehicle. Getting on the "ground floor" offers the potential to make a big profit. Back in the 1990s, I bought Geely stock at $0.07 /share. Based on today's market price, I have gained over 2,000% in my investment. I would have liked to buy the Terrafugia FX(flying car) that Geely, at one time, had on it drawing boards. Prior to making cars, Geely made refrigorators. You might want to do a story about Geely and their connection to Volvo/Polestar, Jaguar and the London Black Cab Company as well as their venturing into flying vehicles.
You might want to do a video on EVTOLs. They are thought of more as a type of flying taxi. I have bought stock in 3 companies making them.
I loved the Terrafugia. Whatever happened to that amazing idea? (Awkward to fit into a garage, but I wanted one so bad!)
I would buy and dump Vinfast’s stock. They don’t have a good track record on all of their investments except Real estate.
Vinsmart, Vinmart, Vintv, Vinfast combustion car amongs other ventures flopped within 1-3 years
@@minhnguyen-fr5zq lol Samsung also made car and they have to stop then they become a top smartphone.... don't say that people don't trust them because they stopped car production. LG also have to stop smartphone because not profitable... anymore. Vin stopped Vinmart but they earned alot of money because they sold at good price, They still have hospitals, schools, real estate, hotels, resorts... good leader is to know how to stop loss. if you invest stock, stop loss is a need in some circumstances
@@mihbag6 why aren’t you selling any of Vin cosmetics products if you believe they’re so great.
Most of your video are products from other country, especially Korean’s beauty products 🤠
Looks good !!!
Ilove Vinfast Vf.8 Vf 9.Viet Nam
Forget renting a battery...
310 miles a month is not much, I drive about 1300 miles a month.
...you are NOT the Vinfast target demographic, my friend!
I'm thinking I'll keep my Toyota Sienna for long-distance drives and use the VF8 or VF9 (or other lower-cost, shorter-range BEV) as a daily driver. Parsing out my driving miles like that would make the lower-cost battery subscription easy for me.
And if I'm getting close to the mileage limit for the month, I'll just use the old Sienna for a few days... or ride my bike more often, which I used to do quite a bit, pre-pandemic.
You can choose the unlimited mileage plan for $110/month!
@@JHaviland1 or I can buy other car, without monthly payments, like Kia e-niro 64kwh, then I can drive as much I like without that 110 dollars a month. If Vinfast would be like 5000 cheaper than e-niro, I could pay 110 a month, but it's not cheaper.
@@petertraveller6421 how about if your battery has problem if you buy it or few years later battery technology change and you want to upgrade it?? please answer Friend, you have to pay 22K USD for new technology
@@quangsontran766 e-niro has 7 year full warranty, if battery has a problem, Kia will fix it, if I want new tech, I will sell my Kia and get a new car with new tech. Upgrading EV is not really good idea, much better to sell it to someone who wants it, and get brand new car, charging gets better every year, can not change all components of a car.
Iwant Vinfast Vf 8.9.Viet Nam❤
I love Vietnam,I Love vinfat
Battery leasing did not work well for Nissan in the US. Vinfast will not succeed either at it.
Nissan's experience is definitely a cautionary tale for Vinfast, but it doesn't guarantee failure. If you pitch the battery lease as a way to make the manufacturer shoulder the greatest risk of BEV ownership (having your pack crap out on you after 20,000 miles, and only hold half the charge it ought to, or less), that might make a difference.
If Vinfast isn't aware of Nissan's previous experience, and isn't studying it and learning from it, then yeah, it's likely they will make the same mistakes and it will be ugly.
No chance with that pricing scheme.
The pricing is not attractive at all.
Look good but too expensive for a new unknown brand that doesn't include the battery
What about BYD? They were the first.
BYD only has buses in the US
You said Vinfast was the first company to give up it’s internal combustion engine business. Actually BYD is.
"inclusive" I don't think so