Through September 30, 2024, lease offer is available on the new 2024 VinFast VF 8 Eco model leased through VinFast Auto, LLC (offer subject to change based upon availability). The purchase option at the lease end, excluding tax, title, and government fees, is $21,712, plus a purchase option fee of $350. While my very brief drive of VinFast’s electric future took place in a preproduction prototype, you won’t have to wait long to have your chance to buy a VF 8 — plans call for initial examples to land in US driveways by year’s end.
Signage suggests our tests are to be capped at 80 kph (50 mph), but the engineer sitting in my passenger seat allows me to go far more quickly, touching 100 mph before braking hard into the left-handed keyhole. Being an EV, acceleration is predictably smooth, but with the 19-inch Goodyear Eagle Touring tires under load in the final turn, the steering’s power assistance has brief moments where it feels oddly nonlinear. Founded in 2007, Gear Patrol is the definitive buying guide for enthusiasts. Our independent experts test the best in cars, tech, home, outdoors, style and watches.
And its modern factories in Vietnam appear to be only the beginning. The company recently announced it is investing $2 billion in a factory in North Carolina. That will sterling vs us dollar quote enable VinFast to build cars here in America, too. It’s rarer still when an all-new automaker arrives, builds a factory, and then begins building cars that people actually like and buy. When that new automaker is able to survive amid established, well-known competition. Whether you’re looking for a full size family haulerto a compact urban crawler.
VinFast VF 8 First Drive Review: Testing Vietnam’s First EV for America
Lessee responsible for insurance during the lease term, excess wear and tear as defined in the lease contract, $0.25/mile over 30,000 miles, plus disposition fee of up to $395 (not to exceed an amount permissible by law) at lease end. Through September 30, 2024, lease offer is available on the new 2024 VinFast VF 8 Plus model leased through VinFast Auto, LLC (offer subject to change based upon availability). The purchase option at the lease end, excluding tax, title, and government fees, is $23,850, plus a purchase option fee of $350. Cash due at signing includes $199 first month’s payment, $695 acquisition fee, $0 down payment and $0 security deposit.
VinFast Returns to Vancouver for Everything Electric EV Show
VinFast is also taking reservations on the VF9, a flagship, three-row, 7-seater crossover that delivers up to 330 miles of range with a starting price of $83,000. Plans are in place for smaller VF6 and VF7 crossovers to slot below the VF8 and VF9. VinFast stock surged to a value of $82.35 on August 28th. This pushed its market cap higher than every automaker globally except Tesla and Toyota.
- Ditto for Korea’s Hyundai and Kia, both of which admittedly managed the trick significantly more quickly.
- For the base Eco Battery Version 1, the company is targeting 260 miles on Europe’s more-lenient WLTP test cycle at a cost of $40,700 (plus a yet-to-be determined destination fee).
- Engineered for safety, reliability, and comfort on every journey.
- The math is complicated, but for now, you should know that even if gas prices come down substantially, the value equation looks promising (if obscure).
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All of this illustrates that not only does this company have the resources to become a global automotive player, it develops businesses at a breakneck clip. At 28 years young, Vingroup is barely out of corporate adolescence. Announced prices are subject to change and do not include destination charge or any applicable tax, title, registration, and license fees. VinFast’s cars are already popular and sought-after in Vietnam, and are a point of pride there.
Initial plans called for Tesla-like direct-to-consumer sales, but VinFast is open Support resistance indicators to working with dealerships. The next couple of years will be busy for the Vietnamese automaker. It is preparing to launch the VF 8 and VF 9 electric SUVs, followed by smaller electric SUV models like the VF 7 and VF 6, which it previewed this year at CES.
Vingroup corporate power
Nothing if not ambitious, VinFast plans to have models in US customers’ hands by year’s end. While VinFast has yet to disclose exactly how large the Samsung-celled packs are in the Battery Version 1 models, the larger packs are 90 kilowatt-hours. On a DC fast charger, Version 1 models can go from 10% to 70% full in 24 minutes, while vehicles with the larger packs take 31 minutes. My drive is limited to quick acceleration blasts up and down a road between factory buildings, with a U-turn on one end and a keyhole loop return on the other.
Tell me about VinFast cars:
We get to know the global juggernaut behind America’s next carmaker and take its first product, an all-electric SUV, for a spin. According to an SEC filing, his Vingroup controls 1.2 billion shares in VinFast, more than 50 percent of outstanding shares. Two of his private investment companies, Vietnamese Investment Group and Asian Star, own an additional 1.1 billion shares.
Not all applicants will qualify for this offer; terms will be based on credit qualifications. Cannot be combined with any other coupon, direct/email offer, promotion, or other offer unless specifically permitted by that offer. The purchase option at the lease end, excluding tax, title, and government fees, is $47,250, plus a purchase option fee of $350. Cash due at signing includes $249 first month’s payment, $695 acquisition fee, $0 down payment and $0 security deposit.
In fact, the young automaker even expects to deliver the first units of its larger sibling, the handsome , before 2023. These are hugely ambitious goals, but the company already has an established track record for accomplishing the nearly impossible, thanks in part to an executive team made up of industry veterans. VinFast started in 2017, and just 21 months later, it had three different passenger cars in production in a massive, fully modern factory complex in Haiphong, about two hours east of Hanoi. Those first models were admittedly based heavily on tech purchased from other automakers like BMW, but even so, the accomplishment can’t be overstated. In fact, the young automaker even expects to deliver the first units of its larger sibling, the handsome three-row VF 9 EV, before 2023. Strangely, VinFast plans to release two different battery sizes in both its Plus and Eco variants.
Combined, the entities own about 99.7 percent of the company. Fleetingly the world’s third-most valuable automaker, Vietnam’s new EV manufacturer is coming to America. Please note that certain transactions and interactions may lead you to be redirected to our authorized dealer site. Vehicle may forex merchant accounts tailored payment processing show optional accessories that are not included in base vehicle and that are subject to availability.
VinFast recently invited Kelley Blue Book to its home country to see what the company is all about, tour its factories, and hear about its ambitious plans for introducing its cars to the United States. 4) Images and videos shown contain pre-production level vehicles. VinFast built a highly automated plant and churned out 3 different models in only 21 months. Given VinFast’s damn-the-torpedoes corporate pace, it should come as no surprise that the two VF 8 prototypes I’m testing are decidedly unfinished.
