Why Americans are NOT buying Vinfast's new electric car

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Why Americans are NOT buying Vinfast's new electric car
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10 июл 2024

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Комментарии : 680

@garyneuway9197 11 месяцев назад

Don't know how they thought they would sell an expensive car that you only part of (since you don't own the battery) and a crazy convoluted leasing system. How stupid could they be?

@kirkellis4329 11 месяцев назад

They were hoping to get people to view cars like they do phones -- a phone is useless without a provider you pay every month for service. If you could get people to see cars that way -- useless without a monthly subscription -- then they could sell the cars at a lower initial price, taking an initial loss for the future revenue stream like phone carriers do.

@melhiore 11 месяцев назад

@@kirkellis4329 That only means that ICE cars have brilliant future ahead of them. I will keep mu ICE for the next 10-15 years if battery subscription will be a norm...

@user-mj9tr3ym5t 11 месяцев назад

@@melhiore haha fat chance of that

@chillfluencer 11 месяцев назад

Don't know how they thought they would sell cars to racist and anti-communist white supremacists. That's like trying to feed Fufu to members of the Ku-Klux-Klan

@chillfluencer 11 месяцев назад

@@melhioreLet's see if you will keep your ICE - since more BEVs taking shares out of the ICE market means that less gas stations will be needed and gas prices will raise. Makes sense to say that you will keep your ICE as long as gas prices are reasonable.

@KP-xi4bj 11 месяцев назад

I had the opportunity to look at the VF8 in one of their showrooms. I was not impressed by their fit and finish. Americans aren't buying VinFast because it's VinCrap.

@vce.john1734 11 месяцев назад

As a Vietnamese I’m not supporting it I’ve seen few of their demo cars in public but Meh I prefer tesla and the new ioniq n coming soon

@KP-xi4bj 11 месяцев назад

@@vce.john1734 Yeah, nothing beats Tesla when it comes to EVs. Tesla is now the leader and pioneer in EVs even though Nissan beat them to market with their Leaf. I'd stay away from anything Korean, e.g. Hyundai, Kia, Genesis. They have a history of fire recalls, both ICE and EV. They give you a lot for your money but they suffer in quality and reliability due to cutting corners.

@vce.john1734 11 месяцев назад

@@KP-xi4bj that why my relatives getting tesla soon ( 2 already have model y) my close relative he say he will sell his odyssey for an model y soon but my cousin got his model y while back that the reason why I’m getting a model y soon because of him but I kinda want to get a used 2021 model s plaid at decent price if I can.

@peanut0brain 11 месяцев назад

Vincrap? Details?

@kevinle5810 11 месяцев назад

@@peanut0brain did you watch reviews?

@YOLO8TR 11 месяцев назад

The main issue lies with their pricing strategy. It's hard to see how they can compete with other car manufacturers at a price point of $50,000 USD. In that range, they would be up against tough competition from the likes of Tesla, Ioniq, BMW, and Mercedes. Being a newcomer in the car industry, they lack the established reputation of well-known brands. To persuade customers to choose their cars, the most effective approach would be to offer comparable specifications at a more affordable price. Hyundai and Kia, as Korean car brands, have successfully employed this strategy. By pricing their vehicles lower than Japanese and other competitors, they were able to secure a small market share and sustain their production. Over time, their brand reputation grew, leading to increased consumer trust and loyalty. Alternatively, if VinFast had a visionary founder like Elon Musk, who possesses exceptional business acumen and the ability to attract top talent, they could have a better chance at achieving success on a global scale.

@hhnguyen1210 11 месяцев назад

No, the chairman of VF is not Elon Musk, he leads his company like a tyrant governs his country. Every citizen has a duty to fulfill the supreme leader wish or out. He's surrounded by incompetent and 'YES' men & women, who try their best to make him happy.

@s._3560 11 месяцев назад

Not possible for a poor developing country to firstly not be a place known for producing cars and secondly try to pitch themselves on the onset as a luxury car manufacturer. No credibility.

@briannyob7799 11 месяцев назад

Elon Musk didn't start Tesla.

@youtoobization 11 месяцев назад

If only they had consulted you before jumping headfirst into the ultra competitive automobile market in the US.

@archimedes2261 11 месяцев назад

@@youtoobizationUltra competitive but US market is not without its flaws, people like their gas vehicles easy to own and operate.

@tamalpias 11 месяцев назад

Fair and balanced analysis. I would not own a vinfast vehicle because they could go under and I’d be left with no warranty. As such this car’s resale value will drop like a rock as soon as you buy it.

@bearrally888 11 месяцев назад

Not could, they will.. Vinfast is a Yugo

@Sonvip-ed2qg 11 месяцев назад

I think they are here to stay but the price tho @@ that price range has too much gooooods

@seattledreamer9901 6 месяцев назад

Agree 100%. There ‘s no chance of survive if you look at auto industry at the beginning there were few dozen companies and only a couple companies survived. Buyers of Vinfast will regret because there ‘s no nearby dealer to service or repair. No and No BUY for me.

@HTx78 11 месяцев назад

those registered vehicles are employees and their taxi service…. and few customers

@web2yt488 11 месяцев назад

Why on earth would i cheap out and buy something so high risk

@Notme-tq4xs 11 месяцев назад

Not sure it's cheaper by any significant amount.

@liviusebastianmahu9340 11 месяцев назад

It's expenssive, more than a Mustang Mach E. Not even close to be cheap.

@chillfluencer 11 месяцев назад

@@liviusebastianmahu9340Comparing it to trash from US legacy auto. To say it this way: in Europe only retards by US cars (except for Tesla which basically is South African and Chinese).

@vietcongbuondanbannuocphan1791 11 месяцев назад

In Vietnam they are calling VinFake The portable Crematorium

@Notme-tq4xs 11 месяцев назад

I went to the vinfast showroom in California, they don't really look that great. Maybe 1990's styling. Sitting inside, it's just a regular car, not exciting like a Tesla. Kinda like a Subaru... What's the point of buying one ? Went to the Tesla showroom (in the same mall) and they are awesome. People want them.

@Notme-tq4xs 10 месяцев назад

yes. same opinion here. 1990's car !

@EchoAccord 7 месяцев назад

Tesla interior is bland

@EchoAccord 7 месяцев назад

Why do you want a tesla? Is it for the name?

@tonyn3227 11 месяцев назад

They decided to bankrupt their own company

@ISuperTed 11 месяцев назад

The problem is mostly timing here. Back in early 2022 we didn’t have the Ukraine War, horrendous energy prices and EV’s were selling like hot cakes at high prices. Everything looked rosy and Vinfast and others had plenty of demand. A lot has happened since then and customers have dried up outside Vietnam - they are just too expensive in the current climate.

@katzgar 11 месяцев назад

there is always a premium price on products that are new. They take advantage of the I gotta have one crowd.

@alibro7512 11 месяцев назад

Have you seen the reviews Mr Viking? Saying they were mixed is incredibly generous as the reviews I saw slated the car as having an incredibly uncomfortable ride and ridiculously over zealous driver aids that render it downright dangerous. The only way a new company like Vinfast will succeed is if they are significantly cheaper than the opposition, otherwise there is no incentive to buy.

@juanzingarello4005 11 месяцев назад

Yeah they are not cheap at all. I think the VF9 starts at $83k!

@MrMeldarionx 11 месяцев назад

Vietnamese need all the driver aids they can get, and I have lived in Vietnam the last 4 years.

@tencentmeecha5142 9 месяцев назад

7000usd is ok

@chrislj2890 11 месяцев назад

I wish them, and all of Vietnam well, but I can't imagine anyone in their right mind buying this over a Tesla.

@ongmat4439 11 месяцев назад

Vinfast / vingroup is the economic front of the ruling commies...for doing some shady businesses as well. It's not a normal business like any others.

@sheepyracing2774 11 месяцев назад

Exactly.. Imma go short vinfast on the stock market 😂

@DemPilafian 11 месяцев назад

I checked out a Vinfast vehicle in San Mateo, CA and was disappointed to see old *USB-A* charger ports in the cabin instead of modern *USB-C* ports. While it's possible the rest of the car is excellent, the antiquated *USB-A* ports immediately made me assume the rest of the car was second rate junk.

@kingcoong 11 месяцев назад

I had a chance to try their VF8 taxi service in Vietnam last month. There is one USB-C port behind the center console, facing the back seats. Not sure about the front side though.

@MinhNguyen87556 11 месяцев назад

why would you care about USb A or C in a car when it only serve as a charging port? both Apple carplay and android auto are now wireless. Your opinion is quite dumb!

@josephracicot4443 11 месяцев назад

As an American, I do respect this valiant effort, and I do like the style of this vehicle, but it's got a one start rating, literally the worst car in the U.S. They have some serious issues to address, like the bumpiness of the ride, which is unacceptable they need to fix these suspension issues. It has so many problems, that it's just not worth it. I hope they can learn from all these mistakes and come up with something better that we can afford. They have a long way to go, but perhaps there will be a bit of hope for their future.

@chris27gea58 11 месяцев назад

Breaking out of the relatively small Vietnamese auto market, despite a determined approach to forming strong strategic partnerships with leading technology suppliers and a willingness to commit substantial funds to building localised manufacturing facilities, is proving to be a hard slog for Vinfast. I wish them luck but clearly this isn't going to be easy.

@19mati67 11 месяцев назад

$47k + battery lease price and no $7.5k incentive= Big fail. At least for that money, the battery should be included.

@huyanhpham1445 11 месяцев назад

Nah. 2-3 VF8 for that price

@19mati67 11 месяцев назад

@@huyanhpham1445 What do you mean, the price in US starts at $47k.

@cypvh74 11 месяцев назад

They probably based their business model for NA expansion on the previous tax credit rules.

@ThaoPham-yo7iv 11 месяцев назад

No more battery lease.

@carlloydheaven877 11 месяцев назад

Another great video, keep them coming. With regards to Vinfast and other Non EU/USA brands, I think they are all suffering from the same issue that they have in Europe... Greed. The brands are not established in the USA/EU and they are trying to sell at or around the same price as Tesla which is never going to work. Even if their vehicles are better their pricing strategy wont persuade most people to purchase their vehicles. They need to look back in history and see what the Japanese did when they started selling vehicles in the USA/EU, basically drastically reduce the price to undercut the established brands significantly, even if that means selling at a loss to gain market share

@moonbox3381 11 месяцев назад

you right they supper greed

@lagrangewei 11 месяцев назад

you greatly underestimate the quality of not US/EU brand. US/EU brand are the greediest brand in the world. it why they don't sell well in the rest of the world.

@jan22150 11 месяцев назад

@@lagrangeweibecause they are established in the US and in Europe they could become greedy. Which they are. But when you are johny come lately, you cannot become greedy right away! Take your turn and wait a couple of years.

@Woewoe-1 11 месяцев назад

European and American car sales always lose and are below the level of Japanese cars. European and American cars were not in great demand, because they were so greedy for money in charging exorbitant prices

@jan22150 11 месяцев назад

@@Woewoe-1 that is true, the Japanese came onto the world market with their cars, but were of low quality, that is in the beginning. They then developed better and more reliable automobiles. They kept their prices reasonable and now look where they are. If the Chinese want to take over, they have to come up with good quality, reliable, dependable cars and have a good distribution system in the US as well as in Europe.

@saharanetwork7832 11 месяцев назад

Thank you for the quality and informative video. Vietnamese people in our country also do not buy Vinfast cars. We buy good quality and safe cars. I have never seen any company in the world that can't sell cars and open a taxi company to buy back the cars they sell???

@nguyentrananhnguyen7900 11 месяцев назад

well, why not? they have the car they can't sell so might as well put them to use why should they leave them be? to rust in the storage somewhere like BYD? that would be wasteful

@saharanetwork7832 11 месяцев назад

@@nguyentrananhnguyen7900 Yes. it must be so! ❤️

@ctuna2011 11 месяцев назад

Rent the battery is a deal killer all by itself.

@kirkellis4329 11 месяцев назад

I'd take a Tesla Model 3 for $20K and a $100/mo battery subscription over paying $33K and no battery rental. I think the numbers just have to work out. Especially if that battery rental is essentially an unlimited warranty as long as you keep subscribing. What I saw of the Vinfast formulas didn't seem to make any sense, though. A rental scheme could work especially well if a vehicle isn't going to qualify for the tax credits -- getting the initial price as low as possible makes sense. It sounds strange because it is essentially leasing just a part of a vehicle and that hasn't been done before. How many people are renting their iPhone monthly instead of shelling out $1000 up front ?

@NoseyNick 11 месяцев назад

It's also something Vinfast already fixed MONTHS ago. I don't know why @electricviking is pretending it's still "a thing".

@philippklaus6882 11 месяцев назад

I'm always surprise when newcomers think they are instantly similar to the established brands. Especially if they are not alone. Like Tesla was the only one at their time. But now? Seems to me that we have more EV producers than ICE producers. 🙂

@DuongNguyenZ 11 месяцев назад

and then the price of Tesla was reduced ~30% of the price of Its, that I think the Vinfast was brought the value add-in for the consumers. for the competition that is not fair for any feild but I am sure that it will bring more and more choice for the consumer and the decision will depend on the personally. Wish Vinfast will success with their mission

@archimedes2261 11 месяцев назад

Tesla thought that but the internet made them most valuable by people who don’t even own homes or new gasoline cars bad idea 😆

@philippklaus6882 11 месяцев назад

@@archimedes2261 I feel you got me wrong. In short: Tesla superb in most of its doing, the new & in the west unknown (chinese) EV brands not so much - for that price without any history beside that they are way, way cheaper in asia and they just want money for nothing.

@taolinh4533 11 месяцев назад

Imagine you buy it and a year later the company file bankruptcy..then you be on your own 😂…as a consumer I will never buy it bc they don’t have any reputation and I don’t trust this company not even 10 years old.

@costiqueR 11 месяцев назад

Yep, I knew this from the moment I saw Alex Gubberman attacking Tesla from all angles and hailing VINFAST after he moved to Thailand...

@tstan6827 11 месяцев назад

What a paid shill. Have blocked that guy since 2019 when he was busy telling us that Byton was going to be better than Tesla, and Tesla was junk. Because he allegedly owned/leased a Tesla Model S P85, from 2016.

@vce.john1734 11 месяцев назад

@@tstan6827I hate people buy old Tesla just to talk shit about it that your fault for owning a old Tesla.

@huyanhpham1445 11 месяцев назад

A $45k VF is OK-ish in Vietnam where most cars at that price has similar quality due/thanks to taxes. But with that $45k in the US should give you 2-3 VF8

@jeezzz6974 11 месяцев назад

VF8 in US is $ 55.000

@normanlee4322 8 месяцев назад

@@jeezzz6974 It is under $5 dollar now. lol

@macnguyen9414 11 месяцев назад

I am vietnamse.Vinfast is national embrassing.Thier brand dont have any credit

@rubberroast1598 11 месяцев назад

Ummmmm im not a huge Vinfast fan but you are stating some things that are not true, as of 8 days ago when you posted this video. The battery is now included with the purchase, no separate subscription needed. Their pricing is quite significant below competitors including Tesla. And at least where I live they do fully qualify for the government rebate. Have you actually driven one yourself yet? I have, and it's not nearly as bad as many of the online reviewers said couple months ago. They are improving, software interface is getting better, and given the heavy discounts here to the competitors it's worth at least some consideration, even including some growing pains that will come with it.

@stevennelson7518 11 месяцев назад

Vinfast was the only Asian EV shown at the 2021 L.A . Car show.

@blackknight4996 11 месяцев назад

It's 2023 now in case you are still sleeping

@darmou 11 месяцев назад

It depends on if they can get their act together, I would no write them off just yet.

@Moriarte1982 11 месяцев назад

Wow, great analytics, a sane and thoughtful comment section. I think I’ll set my tent here, thank you, Viking!

@bfouryou3885 11 месяцев назад

For clarification, just had confirmation from Vinfast North America and the battery is NOT leased and is sold with with the vehicle and comes with a 10 year unlimited mileage warranty.

@tommycollier9172 11 месяцев назад

Thanks Sam, I live in America and I check in with you to see what's going on at home

@scottmcshannon6821 11 месяцев назад

are there actually cars available in the US? are you sure they are for sale?

@mukamuka0 11 месяцев назад

No surprise...It's kinda hard and take time to build up reputation especially with different business model (renting battery). Buying car is a big purchase for a lot of people. Just a rumor of Vinfast may be good is not enough. People need to see with their own eye how the car will hold up 5y later

@DuaneL1961 11 месяцев назад

I saw a review video and it has a lot of nagging issues. One being the ride being spongy and passengers getting motion sickness. Another is a constant onslaught of warning noises. Add those to the battery rental and it’s not a good owner experience.

@jellyfin449 11 месяцев назад

The battery fee is a non-starter for me, as I imagine it is for most people, and (correct me if I'm wrong) their total sales have been

@NoseyNick 11 месяцев назад

The rental thing has been OPTIONAL in US for months, and has NEVER even been an option in Canada. It's irresponsible to release a vid in July 2023 with this horribly out-dated information.

@ojbarberena7090 11 месяцев назад

The electric equivalent of the Yugo

@yeahbuddy92193911 11 месяцев назад

Nothing can really compete with Tesla in specs, value, software, features, or performance.. but they can compete in luxury and price. Vinfast needs to lower their prices otherwise it's not competitive.

@elmohead 11 месяцев назад

BYD is better value than Tesla.

@sheepyracing2774 11 месяцев назад

⁠@@elmoheadBYD is not better value than a tesla . You pay for what you get . BYD In australia is 50k with on roads . A tesla is now reduced to 60k in australia with on roads. You are buying a Chinese brand car . Tesla although have 1 factory in china are an AMERICAN car.Resale value for Chinese cars is worse than any car in the world. Now paired with the fact that every spec of the BYD underperforms a tesla such as 0-60 in 7seconds compared to teslas base model in 5 seconds . That in itself is already better value . Than you have handling & safety(better in a tesla) Tesla have Michelin pilot sport 4 tires , BYD have no name branded tires that are skinnier than me on a diet. And I shouldn’t have to mention teslas tech and after sales support …. You’re welcome

@nguyentrananhnguyen7900 11 месяцев назад

@@elmohead i just watch china insights, one of the video in his video said there're multiple BYD EV on fire at the same charging port, don't know if it's the same week or month or year but that's enough to worry about buying it or not

@Notme-tq4xs 10 месяцев назад

@@elmohead NO.

@elmohead 10 месяцев назад

@@Notme-tq4xs bruh Tesla Model Y extended still uses NMC batteries, doesn't come with retractable sunroof. Tesla cars don't have blindspot monitoring, no ambient lighting lol. And you wonder why Tesla is considered a budget car in China lol.

@PTL4179 11 месяцев назад

A $23B valuation for Vinfast? Is it a joke? The nice thing about SPACs is that you can put any number you want. In Vietnam, we have a saying, "thùng rỗng kêu to," which means the empty barrel makes the most noise. Vinfast has very little to show, but they want to be a major player in the car industry. It's pure marketing BS.

@VanPham-tm7gp 11 месяцев назад

May be 23B Việt Nam đồng

@frankcoffey 11 месяцев назад

It's really too late for Vinfast. In 2022 we needed EV supply no matter where it came from but now there are plenty of good ones available. It's too bad Vinfast could not get theirs right and get to market on time. What they need to do now is make sure the hardware is good quality and that the software is a joy to use and works every time. However, the largest and oldest automakers in world are failing at those things so it would be amazing if they could do it.

@chillfluencer 11 месяцев назад

America and Europe aren't relevant markets. You just suffer from a huge delusion of grandeur. You basically are meaningless on a technological, cultural and political basis. 4.61 billion Asia is. Edit: 4.8 billion Asia.

@supertouring1 11 месяцев назад

I think the legacy automakers are catching up, but not everyone has the 40-50kus to spend on an EV. And there are those that do, but are worried about range anxiety.

@frankcoffey 11 месяцев назад

@@supertouring1 I get that. Also, if you live in apartments there is no cheap place to charge. You really need a house with 240 outlet to get the maximum savings.

@supertouring1 11 месяцев назад

In addition to the battery leasing plan issue, based on the many reviews, it seems Vinfast could have really benefited from at least another solid year of working on their software, suspension and build quality issues.

@supertouring1 11 месяцев назад

@@frankcoffey Someone also noted it also depends on where you live bc some places have really expensive electricity rates.

@machoopichoo2 11 месяцев назад

"A rushed product." It would be interesting to evaluate the pros and cons of rushing into a market. Potential pros: get much needed revenue and a beachhead in a foreign market, "if not now, when?", learn and iterate, build awareness, etc. Potential cons: long-term brand damage (shout out to the Hyundai Pony), warranty costs, getting "over one's skis" and going bankrupt, etc.

@stopthefomo 11 месяцев назад

Hard to compete with Tesla Model 3 (after incentives) or the Volvo EX30 for under $36,000. For the larger $86,000 SUV, they're competing with Kia and Volvo.

@cypvh74 11 месяцев назад

And Rivian.

@stoner27th 11 месяцев назад

if you buy their stock, you are literally giving them money to burn. lol

@ongmat4439 11 месяцев назад

..which is exactly what they are hoping for from the suckers.....

@protonjicari5990 11 месяцев назад

VF8 looks old. Maybe around 2000s Italian design, Fiat maybe. Not what’s on the competition now

@b4804514 11 месяцев назад

Sam I was just at the Vinfast showroom in Berkeley and you no longer lease the battery. The prices you quoted include the battery. The car is not impressive for the money compared to Tesla Y. Vinfast is better than a Toyota but too expensive now with lowered prices and no rebate. They also weigh 1000 pounds more than the Y

@VNUS-_- 11 месяцев назад

Better than a Toyota! 😂

@enockheewonyoon1001 11 месяцев назад

@vietnam1702 maybe he meant Toyota EV 😂

@bill_heywood 11 месяцев назад

Vinfast have got their strategy entirely wrong. The Japanese in the 70s and Koreans in the 90s have shown how to do I it. You have to start with cars that are significantly cheaper than the competition. You must help buyers overcome their hesitancy of am unknown brand from a country not known for car making. That means giving them more bang for their buck than the established competition

@ruffylee1082 11 месяцев назад

Yeah , that’s why I bought Byd , because they are cheaper and quality is not bad

@archimedes2261 11 месяцев назад

You are talking about a time when Societies knew how to reason, now they’re crying about how criminal Trump is, while lining up at food banks because everything is so expensive including all cars, courtesy of what they madly voted for in 2020 elections.

@mattbba8451 11 месяцев назад

I had no idea they even existed.

@Afrocanuk 11 месяцев назад

Vinfast dealerships are also in Canada.

@mrnumbskull1 11 месяцев назад

It has been mentioned in previous comments , but worth repeating --you can own the car and its CATL LFP battery outright. No funky battery lease issue anymore.

@Notme-tq4xs 10 месяцев назад

Does it matter anymore?

@LarryH49 11 месяцев назад

I saw a Vinfast car in San Francisco today. It had Michigan plates on it.

@darrenchan4594 11 месяцев назад

i've seen two in l.a., both had manufacturer plates on them. i wonder if they hired people to drive them around an asian area to bring to their attention.

@jonitan76 11 месяцев назад

proud vietnamese will buy it for sure, or they used it because they work for vinfast.

@vce.john1734 11 месяцев назад

@@jonitan76nope not me I’ll stick to tesla, ionq n when it come out I see more Vietnamese people buy tesla especially s plaid and x plaid, mach e, ev6, ionq but us people prefer tesla more.

@QuiLe-qw5jb 11 месяцев назад

Can VinFast be existing next few years for Customers cares Up Date? 😅

@harryhluong833 11 месяцев назад

Why don’t people buy an expensive product from a company they have never heard of? Hmmm

@georgiaguardian4696 11 месяцев назад

I have wondered if Vinfast is just a pump and dump stock operation.

@soothingrelaxingmeditation3129 11 месяцев назад

i think it's a scam too. produce some horrid cars get the price up and sell it off before it collapses.

@vietcongbuondanbannuocphan1791 11 месяцев назад

It looks like that what they trying to do.

@user-zu3ev7yc1p 11 месяцев назад

Vin fast = vin trash = vin crash!!! 😂😂😂😮😮😮😊😊😊

@nanookamotocnc 11 месяцев назад

A tool to shift dirty money out of VN legally via Singapore, dirty money stolen from the VNmese people by the RED commie officials.

@ongmat4439 11 месяцев назад

@@soothingrelaxingmeditation3129 , It's a sophisticated scam, they are 100% Vietnamese, however they re-route their way of access to the capital market through Singapore to borrow the "prestige" of Singapore to make them look good.... Their cars are junk though.....what a waste.

@pickelkilla 11 месяцев назад

In my experience as a Californian, nobody in my close circle knows about Vinfast.

@Notme-tq4xs 11 месяцев назад

As a Californian, yes we know. But nobody bought one.

@steve5090406 11 месяцев назад

For Vinfast to work, they need to sell their vehicles at least 30% less than the equivalent Chinese vehicle, until they can gain a small market share above the Chinese equivalent product and of course drop the crazy battery rental deal. The logic of being able to swap out the battery when newer technology or greater capacity becomes available is lost on all buyers.

@PTL4179 11 месяцев назад

Even if they wanted to reduce the cost to the 30% range, they couldn't achieve that. If you make everything in-house, then it's possible to control the cost, but Vinfast, except for their advantage on labor cost, imports everything.

@james_l4337 11 месяцев назад

VinFast is selling in USA, there's no China EV competition only other nations But the price they have are equal to competing with Tesla China BEV also can't compete head on with Tesla at same segment There's no competition It will be very hard for them to lower their price further given their market at home is small The volume aren't there to compete unless they have something others don't

@my33311 11 месяцев назад

@@james_l4337remember Polstar and volve they are Chinese brands and are taking US market share of EV. NIO they will launch their EV next year in north America

@PhuongNguyen-pv4ok 11 месяцев назад

@@PTL4179the most stupid comments I've heard.....lmao.....Vinfast imports everything..😂😂😂😂......you dont speak, no one knows you stupid but when you speak out......oh my God........

@painandgain1163 11 месяцев назад

@@james_l4337Chinese EV can't compete with Tesla at same segment? How did you know? See what happens in China's domestic auto market.

@epi2045 11 месяцев назад

They’re too expensive and the battery program is janky. They need to chop $15K minimum.

@gzcwnk 11 месяцев назад

Its worth jack...

@aquint5554 11 месяцев назад

Vinfast has huge quality issues including one reviewers car just dying. They even have a per day reimbursement for various issues that may exist

@vce.john1734 11 месяцев назад

My dad told me someone drove one brake fail I rather not deal that than Tesla sometimes bad interior quality and gaps

@tpndtbk 11 месяцев назад

You dont have to rent the batery. You can choose buy or rent. And remember, if you own the batery, you will have to replace it after some time, so renting is not a bad option given that the batery technology is developing very fast.

@alibro7512 11 месяцев назад

Why would you need to replace the battery?

@tpndtbk 11 месяцев назад

@@alibro7512 you think the battery lasts forever?

@alibro7512 11 месяцев назад

@@tpndtbk Modern batteries will last longer than the car.

@tpndtbk 11 месяцев назад

@@alibro7512 Well, I heard that Tesla users still need to replace batteries.

@alibro7512 11 месяцев назад

@@tpndtbk Only if they go faulty which can happen to anything. There are many Tesla's with 200k miles and more with minimal degradation.

@kitatit 11 месяцев назад

Their pricing is probably distorted because they have insane taxes on cars in Vietnam. The prices probably seem sensible the the CEO. Not that the vast majority of their population could even consider buying a car.

@jamesl.d.142 11 месяцев назад

Battery leasing = new battery at no additional cost Vs Battery replacement = $18K+ for new battery. Too soon to make judgement @Viking. Most people can afford small monthly payments, not many can come up with 18,000 dollars = dead EV.

@205rider8 11 месяцев назад

Problem is that it’s not built on a skateboard platform. It’s a converted ICE car noted by the remaking driveshaft hump. It’s not American made.

@woodworking406 11 месяцев назад

They bit off more than they can chew. People in the USA aren't going to buy cars from an unknown brand especially from a developing country.

@uriulanov8520 11 месяцев назад

许多零部件都要从中国进口，这样成本就增加很多。独立品牌切记盲目扩张，放下身段，造老百姓需要的好车而不是华而不实豪车才是立足之本。

@jt-ttt 11 месяцев назад

资本炒作，公司上市圈钱的。和蔚来，小鹏之类的一样的货色。没有技术积累，纯资本炒作。

@nguyenhieu1687 11 месяцев назад

Bạn có thể chứng minh lời nói của mình không? số liệu nào nói nhiều linh kiện của Vinfast nhập khẩu từ Trung Quốc? Tôi là người Việt Nam, sinh sống làm việc tại Việt Nam và tôi nói cho bạn biết là linh kiện của nó đến từ Nam Triều Tiên, Nhật, Đức là chủ yếu chứ không phải Trung Quốc. Người Việt chúng tôi không thích dùng hàng Trung Quốc vì nó nổi tiếng chất lượng kém. Bạn hãy ngừng dối trá về nguồn linh kiện của Vinfast đi. Người Việt chúng tôi khi nhắc đến hàng hoá Trung Quốc thì đều mặc định là hàng kém chất lượng.

@uriulanov8520 11 месяцев назад

@@nguyenhieu1687 中越友谊万岁，中越人民同志加兄弟，一起建设社会主义现代化强国。

@uriulanov8520 11 месяцев назад

@@nguyenhieu1687 祝越南同志在社会主义建设事业蒸蒸日上，为人类共产主义事业添砖加瓦。

@uriulanov8520 11 месяцев назад

@@nguyenhieu1687 最好是这样。如果你不碰我们，我们也不会碰你。你是世界第四大国家，除非被迫，没有人会愚蠢到碰你。

@derrickhoo6293 11 месяцев назад

Vinfast is DOA in the US. Amazing their executives didn't consider the government rebate discount( which I consider to be a total waste of taxpayer's money) before entering the US market.

@kimn5687 11 месяцев назад

Every RU-vid review said to wait. You the buyer are Beta testing the car. Lots of issues with sensors constantly going off, poor stability, lane control, and throttle response. To name but a few.....

@amandatran3578 11 месяцев назад

As soon as I heard about "RENTING A BATTERY" are you freaking kidding me??? And how exactly does that work??? Does that mean even if I pay off the car I still have to pay monthly for the battery until the day I die? The batteries company was like ok sir / ma'am your contract for the battery is up by the end of the month, and our new contact will raise another 15% that will take you up to $500 more each month ok.😮😮🙏🙏 Please count me out.

@troyswan7123 11 месяцев назад

Surely vinyfast should be building the electric scooter and sell them in Asia including Vietnam and then ramped to cars later when have more experience

@tonyv596 11 месяцев назад

In Vietnam they can buy high ranking officials to get what they want....in the US it's time to "hire" some government officials to fly them to Hawaii to discuss business.

@ongmat4439 11 месяцев назад

...smell of the shady land deals.....

@Notme-tq4xs 10 месяцев назад

democrats will do it

@TN-pu4yz 11 месяцев назад

23 Billion dollar with shares starting at 100 bucks ... some crazies will buy shares only for the shares to become another LUCID down to 7 bucks.

@ongmat4439 11 месяцев назад

I think you are still too generous in your assessment. Lucid develops their auto tech and manufactures the award-winning cars. What tech does Vinfast has? Zero, nothing...they are simply at the level of assembling. Even that their cars are considered junk in domestic market of socialist Vietnam.

@ongmat4439 11 месяцев назад

...on top of that Vinfast carries more than $4 billions of debt and accumulated more than $4 billions of loss. Make of that what you will.

@gaetanguimond1911 11 месяцев назад

Are they still renting the car batteries on subscription model ? I am against every single subscription that sucks money directly from my pay check monthly. Everytime you subscribe to something, instead of getting a pay rise, you get a monthly salary cut. It’s against my goal in life.

@NoseyNick 11 месяцев назад

Nope, renting has been OPTIONAL in US for months. Was never even an option in Canada @electricviking should know better 🙈

@chris27gea58 11 месяцев назад

Just because Sam doesn't get the idea doesn't mean that the Vinfast battery leasing arrangements are horribly complicated or unfair. Around the world there are many countries in which the payment for expensive items, housing stock in Northern Europe for instance, gets broken into two components - an up front payment and an ongoing rental payment. The former reduces the outright one off payment for the expensive item and allows people of modest means to acquire expensive goods. The latter finances the full cost of a purchase in a way that is delayed and extended over a longer period, similar in form to repayment of a small loan but at a modest fixed rate without ever having to go to the trouble of taking out a loan. We are yet to see what Vinfast's best price for one of its cars sin battery will be once it starts making them in the USA. Now, the battery lease arrangements in North America, after some to-ing and fro-ing, involve unlimited miles in all cases. The most expensive option is a lease charge of USD$219 per month (for the large VS 9 battery). Vinfast makes its case in this way: By separating the price of the battery from the acquisition value of the automobile, VinFast takes on all the risks related to the vehicle’s battery and ensures a reasonable price for its products, while providing customers with peace of mind about the battery’s quality during use. VinFast also commits to provide a lifetime battery warranty covering all maintenance and repair costs, and will replace the battery for free when charging capacity dips below 70%. The battery subscription policy is considered a key solution for customers to make a transition to electric vehicles easier, allowing VinFast to become ‘the car for everyone.’ That isn't so hard to understand. The continuation of relatively high monthly lease payments after 5/10 years, say, can't really be justified because by that point the car owner should also fully own the battery based on payments already made. A nominal annual fee to keep the lifetime battery warranty in effect might be justifiable, however.

@gooeybeast74 11 месяцев назад

In Vietnam a water buffalo is more reliable than a vincrap😂

@Notme-tq4xs 10 месяцев назад

ouch

@jasonligon5937 11 месяцев назад

They look too generic like any other manufacturer IMHO. Not to mention the price parity. If you can get a Tesla or a Vinfast, who do you choose? Then a year or two later, you decide you want to trade it in for a Ford Lightning, what gets the most in trade in value? They need to offer 10k off per car and take a loss to get cars in front of the public to change minds. For at least a year. I haven't seen a single Vinfast ad online, on YT ads, FB...anywhere. People here will think the name is a competitor to carfax for VIN numbers.

@Fotis420 11 месяцев назад

I have a great business model, we will sell them a car and then charge them rent to drive it 😅

@JBoy340a 11 месяцев назад

Who??? Never heard of them…. And I am a US EV owner.

@jonitan76 11 месяцев назад

well done for vietnam conglomerate. at least he can make alot of money by milking US investors money, just like nikola and lucid. I am not surprise if vinfast failed in US. and i will be surprise if vinfast can sell at least 100k units a year in vietnam, considering vietnam ev infrastructure is not there yet and most of them cant afford 40k usd car.

@georgiaguardian4696 11 месяцев назад

It’s just a pump n dump stock operation

@danielodey7775 11 месяцев назад

I live in Australia . The biggest problem for car companies from China or Vietnam is that our automotive market is saturated with different brands. This probably won't stop them from trying to sell new brands here.

@user-hc5cg3jc3i 11 месяцев назад

You need to learn the history, China is also one of the first countries to develop the automobile industry and Vietnam is not, there are new energy electric vehicles most of the patents in the hands of Chinese enterprises, there are Chinese enterprises control raw material supply chain industrial chain parts and components, as well as mining and extraction research and development patents, the world's first commercialized market-oriented new energy electric vehicles are made by BYD. Standards are also set by Chinese companies. Also, China is the largest market with the fiercest competition for world brands, including Chinese car brands and foreign brands such as Europe, America, Japan and South Korea.

@cypvh74 11 месяцев назад

They are only selling them in limited locations in the US.

@Notme-tq4xs 10 месяцев назад

probably will stay that way

@johnpro2847 11 месяцев назад

Making cars for profit is like opening another coffee shop in the local high rent shopping mall...many will try..few will succeed.

@markjamesrodgers 11 месяцев назад

Please let us know when they hold their fire sale to clear their inventory and drop the battery leasing silliness, when it is much cheaper than competing models, I’d look.

@dallasjohnson8923 11 месяцев назад

Ive seen 1..its quite nice...but those numbers = death in this industry. Renting/leasing a battery? Id need to be under the influence of some wicked opioids to commit to this when there are far better choices out there. Tesla is king of the mat presently and for the not so easily seen future. Vinfast ceo began selling dumpling in Ukraine. Remember when every actor had their own workout ptogram years ago? It was a bandwagon..it died. Vinfast was hoping to capitalize on evs but were too late, way too offbase, clearly does not have a business plan as to how to penetrate a market outside Vietnam. 23b valuation? Ahh..no. great job Sam..thank you for all u do!

@kirkellis4329 11 месяцев назад

Lots of people lease their entire car, so why not lease the battery ? A lot of what I hear from EV-negative people is worry about how long the battery will last and the replacement cost, and a lease/subscription eliminates that worry. People buy cell phones but need to pay monthly for service. It hasn't been done with cars before, but the business model is similar and not new.

@dallasjohnson8923 11 месяцев назад

@@kirkellis4329 I wouldn't be on this site if I was ev negative. Perhaps u can tell me then. Why are they are not selling? They're hemmoraging money, don't have a service/battery swap out infrastructure and have 0 market share in a business that grows exponentially daily. As CEO, what would u do? U bring up.some valid points, but the battery comes installed in my cell phone and it cost me $1500 not 40k usd + ongoing battery fees. Nio has a similar program to Vinfast that works, but in China where lack of ground level overnight charging exists due to the massive populous and lack of single family dwellings.. just my 2c. Good luck!

@NoseyNick 11 месяцев назад

@@kirkellis4329 You are no longer REQUIRED to lease the battery. Vinfast pulled a 180 on that one months ago.

@Victic005 11 месяцев назад

Haven't heard anything about them on RU-vid at all. What happened?

@rebelusa6585 11 месяцев назад

Vinfast is a unknown car company, from a under develope country. Came to usa to compete with well established brand like nissan, Tesla, bmw ... Tough luck.

@JP-sw5ho 11 месяцев назад

I dot think the us tax credit would ever apply to the sales transaction of a car that doesn't include the traction battery, since the credit specified at least X number of kWh in the battery of the sales transaction

@johnhanselman6371 11 месяцев назад

Thee Vinfast is building a huge factory in Siler City, NC. Who is gonna buy anything from Vinfast ????

@888YangJi 11 месяцев назад

meanwhile Xpeng is valued at 14B usd. It is insanely undervalued.

@joshuarosen465 11 месяцев назад

They're crazy trying to enter the US market this early. They should concentrate on the Southeast Asian market first and get some experience before the try to go overseas. The reviews of the car have been horrendous, its not ready to go up against mature competition.

@kirkellis4329 11 месяцев назад

It is a conundrum -- cheap labor lets a developing country manufacture cheap goods but local buyers STILL can't afford them and they need to make a profit locally while they build a reputation before trying to sell to wealthier countries.

@egn83b 11 месяцев назад

The Ev movement is a niche market in the usa, meaning its small margins when only the top earners can get in. People love gasoline cars and the us government should have made efforts to modernize cars by building better capable hybrid vehicles and low range ev's for city use.

@mrmawson2438 11 месяцев назад

Morning mate

@1voluntaryist 11 месяцев назад

At first it sounds strange to sell an EV but not all of it, lease the battery. But, I need the details. Will the battery be removable, easily? Are they expecting to constantly update the bat tech? Will I get a deep discount on the initial purchase price or very small bat payments?

@johndoe3092 11 месяцев назад

no, no and ... no

@nguyentrananhnguyen7900 11 месяцев назад

@@johndoe3092 really? that would be stupid

@ban_cua_vinfast 11 месяцев назад

it's a great Video. You should do more video about Vinfast again for more viewers.

@electricviking 11 месяцев назад

Thanks, will do!

@Peizxcv 11 месяцев назад

They have no tech and everything is purchased/licensed from other countries. Why would I buy them over brands from industrialized countries?

@2-worlds-on-earth 11 месяцев назад

OMG 23 billions! I dunno whether it will ever cross the 100,000 car sales per annum!

@braddeicide 11 месяцев назад

But can they drift?

@charlessterling8375 11 месяцев назад

Car battery rental has been shown to be a bust, which is why replacment battery starions will never work.

@andrewkaiser7203 11 месяцев назад

Spend a lot of $$$ upfront, AND never own the battery? Hard NO.

@WEZ4136 11 месяцев назад

Vinfast is expensive, then you have lease the battery pack, which is then mileage restricted PER MONTH, with fines for going over the mileage allowance on top of that the battery lease is also passed onto the next owner when you you sell it, buy a Tesla and you can drive till the wheels falls off with no restrictions and none for the next person you sell it to either. Vinfast has completely missed the idea of the sales pitch, because even though you buy the car you never actually own it outright due to the battery lease crap.

@vivuphuongnam 11 месяцев назад

Vinfast failed in Vietnam because of the annoying way of renting batteries.

@WEZ4136 11 месяцев назад

@@vivuphuongnam I’m not surprised as it’s a stupid idea especially as it’s mandatory, maybe as an option but without the mileage restrictions, people may lease the battery then as when new battery tech becomes available they could opt to switch to the better packs.

@NoseyNick 11 месяцев назад

You no longer have to lease. You can buy, and you can still get it replaced if it drops below 70% in 10 years (the best battery warranty in the industry). In Canada, leasing was never even an option.

@powerbuoy 11 месяцев назад

How many peeps want to churn out 50k ?? The amazing thing is car manufacturers are sprouting like weeds, but a new weed needs to enter the market at half price and be like a Geo Metro .. . Alas the devil is in the battery cost, there's no cheap way in

@ourfarmhouseinspain 11 месяцев назад

Range anxiety is a huge issue for anyone who purchases a fully electric vehicle. People just aren't ready. Its a problem in Europe, and journeys will typically be shorter there. Stuck in traffic, air conditioning or heating draining the batteries, people will get the willies with watching the charge and range meter dropping fast.

@Notme-tq4xs 10 месяцев назад

Get a Tesla. There is no range anxiety

@ourfarmhouseinspain 10 месяцев назад

@@Notme-tq4xs Maybe not, and Tesla seem to have tackled charging points quite well, and I know they'll exist here in Spain but I've never seen Tesla charging stations anywhere in the country. People are still nervous here, and this is a country with mountainous motorways and roads, not conducive to driving reasonable distances without recharging. No perfect answers, are there ? Regards

@grahambird1570 11 месяцев назад

Those EV's are very good Cars >> But they're too expensive !

@qilu2004 11 месяцев назад

normally it is 99% about pricing. at cheap enough prices, people will buy for sure. and vinfast evs are not that good. they simply do NOT have the technological edge on any aspect, which makes their products are so so.

@Ian-pe9rj 11 месяцев назад

So does that battery subscription include lifetime free replacements as the batteries wear out, or do you get nothing for that monthly fee? That subscription is the reason no one is buying this vehicle