VinFast is a new electric vehicle company that is coming to North America and Europe but most people have never heard of them. We have a deposit on a new VinFast VF8 and before we ordered that SUV, we did a pile of research you might be interested in.
The vehicles are beautifully styled by famed automobile designer Pininfarina and come with all the amenities including heated, ventilated and movable second row seating, and a full tech suite to provide you with all the self driving fun you could want.
VinGroup is VinFast’s parent company and it is big. In fact, VinGroup is Vietnams largest conglomerate. Before VinFast, VinGroup focused on real estate, technology, education and healthcare. Here are some of their larger brands and companies:
Unlike Samsung and Hyundai, they do not have any heavy industry (steel, shipping, heavy equipment…) operations.
Until we get production models in the hands of Western buyers (like me!), we won’t know for sure but we can say:
The few people that have driven them are impressed:
VinGroup founded VinFast LLC in 2017 and immediately went to work with industry heavy weights like Magna, BMW and Pininfarina.
In March 2019, VinFast sent its first 155 units to Europe, Asia, Africa, and Australia for testing and validation.
The first all electric VinFast vehicles delivered to end user customers occurred December 25, 2021.
VinFast has some business arrangements with GM but no intellectual property, ownership or management ties.
In June of 2018 GM and VinFast made three notable announcements:
VinFast also hired Michael Lohscheller as their new CEO in July of 2019. He was working as the CEO of Opel at the time. Opel was GM’s Chevy division in Europe before they sold Opel to Peugeot in 2017.
…He was influential in seeing Opel return to profitability after decades of stagnation under GM, and helped lay the groundwork for Opel’s planned transformation into an electric-vehicle brand. His first task at Vinfast (was) to scale up its operations and expand it to more markets. He will be based on Vinfast’s global headquarters located in Hai Phong, Vietnam… SOURCE
VinFast is going public likely in 2023, until then, the parent company VinGroup will pay for everything.
VinGroup is run by Pham Nhat Vuong who is Vietnams richest person currently worth US$6.2 billion.
Here are VinGroups’s financials which tells you they are a well financed, real company:
Not yet, but soon. On April 7th 2022, VinFast submitted papers to the US Security and Exchange Commission:
VinFast…. announced that it has confidentially submitted a draft registration statement on Form F-1 to the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its ordinary shares. The size and price range for the proposed offering have yet to be determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions. SOURCE
You would think that a company with a Vietnamese parent (VinGroup) and substantial manufacturing in Vietnam, would be legally a Vietnamese company. Alternately, you might think that a company from a small south Asian country trying to make a splash in the West, including, listing on Nasdaq, having it’s biggest market in the United States and building its largest factory in North Carolina, might be a US company. However, both of these are wrong. VinFast is technically a Singapore-incorporated subsidiary of Vingroup Joint Stock Company.
In 2022 all VinFast vehicles are made in Vietnam but in April of 2022, they announced a memorandum of understanding with the State of North Carolina for construction of US$2B greenfield factory that will create 7000 jobs during construction. The 2000-acre facility will be able to produce 150,000 vehicles a year and includes its own battery manufacturing area.
VinFast Plans a Massive Factory in North Carolina: The massive investment targets production of batteries and two upcoming vehicles on property nestled southwest of Raleigh… the company plans to start production by 2024…
VinFast’.. plans to build the VF 9 and VF 8 battery-electric SUVs beginning in July 2024. The vehicles have space for seven and five passengers, respectively. The company also plans to use the factory to assemble batteries and electric buses. In the first phase of the factory, VinFast expects to produce 150,000 vehicles per year. SOURCE
VinFast’s come with an industry best 10 year 125,000 mile (200,000 kilometer) warranty and provide luxury services like:
Put simply VinFast vehicles will have the same charging connector as all the other newer EV’s.
Both of these will allow you to charge to about 70%, in less than half an hour.
VinFast has several charging network partners but the biggest is Electrify America (EA). While details have not been announced, VinFast customers will receive some substantial amount of no-charge charging at any of EA’s 850+ charging stations.
To date VinFast has only disclosed specifications on the VF9 and VF8 SUV’s and both of those are “dual motor” all-wheel-drive vehicles.
Other, less expensive products like the soon to be announced EF4 will almost certainly provide single motor, two wheel drive options.
VinFast has identified consumer concerns about battery life in EV’s as a major marketing hurdle. Leasing the battery separately from the vehicle purchase does three important things:
VinFast has a low mile and an unlimited mileage option for their vehicles:
Lets do the math on a VinFast VF8:
Today VinFast makes cars, SUV’s buses, and motorcycles in Vietnam using mostly internal combustion engines, but will be selling only Electric Vehicles in:
Further, they have what they call “Variant 1” and “Variant 2” batteries. V1 batteries will only be available from now through the first half of 2023 when the V2 batteries arrive.
Click to Expand Photos:
| VF9 | Eco | Plus |
| United States Price | $55,000 | $61,000 |
| Canadian Price | $69,750 | ? |
| ROOF | Standard | Panoramic Sunroof |
| ALLOY WHEEL | 20″ | 21″ |
| MIRRORS | Standard | 22″ (Optional) |
| Auto-Dimming | ||
| 12-Way Power Adjustment | ||
| DRIVER SEAT | 8-Way Power Adjustment | Heated |
| Heated | Ventilated | |
| Massage | ||
| 10-Way Power Adjustment | ||
| FRONT PASSENGER SEAT | 6-Way Power Adjustment | Heated |
| Heated | Ventilated | |
| Massage | ||
| 4-Way Power Adjustment | ||
| SECOND-ROW SEATS | N.A | Heated |
| (CAPTAIN CHAIR VERSION) | Ventilated | |
| Massage | ||
| 8-Way Power Adjustment | ||
| SECOND-ROW SEATS (STARDARD) | 4-Way Power Adjustment | Heated |
| Heated | Ventilated | |
| Massage | ||
| 8-INCH SECOND-ROW INFOTAINMENT SCREEN | Not Included | Included |
| ACCELERATION (TARGET ESTIMATE) | < 6.5s 0-100 kmph | 6.5s 0-100 kmph |
| Variant 1: range up to 438 km* | Variant 1: range up to 423 km* | |
| RANGE (WLTP – TARGET ESTIMATE) | Variant 2: range up to 594 km** | Variant 2: range up to 580 km** |
| *available in 2022 | *available in 2022 | |
| **available in 2023 | **available in 2023 | |
| DRIVE | Dual Motor | Dual Motor |
| All-Wheel Drive | All-Wheel Drive | |
| SEATING | 7 Adults | 6 Adults (Captain chair version) or 7 Adults |
| DC-FAST CHARGING | Fastest charging time (10 70%): | Fastest charging time (10 70%): |
| – Variant 1: approximately 26 minutes | – Variant 1: approximately 26 minutes | |
| – Variant 2: approximately 35 minutes | – Variant 2: approximately 35 minutes | |
| WARRANTY | 10 years or 200,000 km | 10 years or 200,000 km |
.
Click to Expand Photos:
| VinFast VF8 | Eco | Plus |
| United States Price | $41,000 | $48,000 |
| Canadian Price | $51,250 | ? |
| ROOF | Standard | Panoramic Sunroof |
| ALLOY WHEEL | 19″ | 20″ |
| MIRRORS | Standard | 21″ (Optional) |
| Auto-Dimming | ||
| 8-Way Power Adjustment | 12-Way Power Adjustment | |
| DRIVER SEAT | Heated | Heated |
| Ventilated | ||
| 6-Way Power Adjustment | 10-Way Power Adjustment | |
| FRONT-ROW SEATS | Heated | Heated |
| Ventilated | ||
| SECOND-ROW SEATS | 2-Way (Manual) Adjustment | 2-Way (Manual) Adjustment |
| 8-INCH SECOND-ROW | Heated | Ventilated |
| INFOTAINMENT SCREEN | Not Included | Included |
| ACCELERATION (TARGET ESTIMATE) | 5.9s 0-100 kmph | 5.5s 0-100 kmph |
| Variant 1: range up to 420 km* | Variant 1: range up to 400 km* | |
| RANGE (WLTP – TARGET ESTIMATE) | Variant 2: range Up to 471 km** | Variant 2: range up to 447 km** |
| *available in 2022 | *available in 2022 | |
| **available in 2023 | **available in 2023 | |
| DRIVE | Dual Motor | Dual Motor |
| All-Wheel Drive | All-Wheel Drive | |
| SEATING | 5 Adults | 5 Adults |
| DC-FAST CHARGING | Fastest charging time (10 70%): | Fastest charging time (10 70%): |
| – Variant 1: approximately 24 minutes | – Variant 1: approximately 24 minutes | |
| – Variant 2: approximately 31 minutes | – Variant 2: approximately 31 minutes | |
| WARRANTY | 10 years or 200,000 km | 10 years or 200,000 km |
We don’t have much in the way of specifications for the VF7, VF6, VF5, or VF4 but we do have this pretty picture of them:
Click to expand the picture
This is about all that has been discussed so far:
Although the manufacturer has not yet commented on the powertrain, the Vinfast VF 7 (2023) could receive the powertrain of the VF 8. This has all-wheel drive, is 300 kW (407 hp) powerful and has a range of up to 500 kilometers (WLTP). SOURCE
In the Unites States a $200 REFUNDABLE deposit down now, you get:
In Canada $250 REFUNDABLE deposit down now, you get:
We will have coverage of all VinFast products and annoucements on this site so check back soon.
This website uses cookies.
