How VinFast’s Electric Vehicle Is Hoping To Challenge Tesla

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The Tesla’s name is a pioneering power in the global electric vehicle industry, and the California-based EV maker has been far from the beginning of 2003. After obtaining the most significant order of 100,000 vehicles from Hertz’s rental car company last year, the Tesla market value has surged to $ 1 Trillion, more than Toyota, VW, Daimler, Ford, and GM combined. However, certain electric car makers from Vietnam want to challenge Tesla – not to mention other EV startups such as Rivian and Lucid – at his home.

We talked about Vinfast, a Vietnam startup founded in 2017. Visfast is the first Vietnam car brand to reach the global market and the first to produce homemade electric vehicles. Making a car is a big business, but the road leads to long and chaotic success. Take the Faraday Future case, EV startup based in California. After years of chaos, Faraday Future got a new start and finally built his first EV production, FF 91 Crossover all electricity, in February 2022 after launching the concept in 2017 at CES.

But once again, the most FF 91 can be started at $ 200,000, so it is difficult to see Faraday Future shake the automotive industry in the same way Tesla. On a different record, Vinfast has a niche engraving intention, and the company’s actions speak harder than words.

Vinfeast made the first shipments of electric vehicles to Vietnamese customers on Christmas Day, 2021, a events that the car maker claim to open a new era of Vietnam EV and made Vietnam among several countries master the production of clean energy vehicles. And on March 202, Vinfast announced the construction of a recent factory in Chatham County Triangle Innovation Point Megacity in North Carolina, 800 hectares of manufacturing facilities with three main areas: electric cars, EV batteries, and bus assemblies.

Yes, Vinfast also built a bus for commercial applications, and it was done before at the Haiphong Startup manufacturing plant in Vietnam. Vinbus is the first electric bus made in Vietnam, and has a 281 kWh battery capable of 137 miles (220 km) out of reach in one, recharge full two hours. Vinfast did not challenge Tesla directly with Vinbus, even though the Tesla Elon Musk CEO had played with the Tesla bus idea on Twitter in 2020.

Construction of Vinfast claims for phases, one of the $ 2 billion factory will begin later this year after securing permits and documents needed. “The Vininfast Transformative Project will bring a lot of work both to our country and a healthier environment because more electric vehicles are brought to the road and help us reduce greenhouse gas emissions,” said North Carolina Governor Roy Cooper.

Meanwhile, the factory can build 150,000 new electric cars per year, and Vinfast wants to start producing VF 9 SUVs seven seats and VF 8 five passengers SUV July 2024. “Having the right production facility on the market will help VinFast Proactically manage the supply chain, maintain the price Stable, and shortening the product supply time, making Vinfast’s EVs more easily accessible by customers, contributing to the realization of the purpose of increasing the local environment, “added Varroup Vice Chair and Global CEO Vinfast Le Thu Thu Thuu.

Vinfast has partnered with the legendary Italian design house Pininfarina for VF 8 and VF 9 SUV all electricity. The company also works with Magna Steyr and BMW before. However, he has a melting with Pininfarina to set the design identity of his car, especially VF 8 and VF 9. Previously called VF E35 and VF E36 when his debut SUV in the Los Angeles Auto Show, Vinfast said VF 8 SUV electric five seats will have a base price around $ 41,000 before federal incentives, while SUV seven seats VF 9 is around $ 56,000.

The first delivery of the US from VF 8 and VF 9 can begin in the fall of 2022, and Vinfast will produce initial batches in Haiphong,.