What is VinFast? Here’s Everything You Need to Know

VinFast engineers will have their hands full in order to meet more stringent regulations. After all, VinFast will not use the latest BMW technology, but the tech from outgoing BMW vehicles -the F10 (5 Series) and the F15 (X5). IRVINE, Calif., March 19, 2025 /PRNewswire/ — Americans have always had a soft spot for big cars, but in recent years, that affection has turned into an almost full-blown obsession. A decade ago, SUVs and trucks represented roughly half of all vehicle sales in the U.S.—today, that figure has surged to around 75%1. Just last year, Americans purchased about 9.17 million SUVs, marking a notable 5% rise from the year before.

Join today to access Automotive Logistics’ wealth of global news, insights, intelligence and to make important connections across the automotive industry. “Today, we are once again leveraging the proven ro-ro shipping method, which simplifies our supply chain while enhancing the efficiency and reliability of vehicle transport to Europe,” VinFast shares. As Automotive Logistics has noted in its past coverage on emerging aftersales strategies, robust service networks are becoming indispensable for automotive OEMs seeking to differentiate themselves in a saturated market. Instead, VinFast outreached to Magna International and signed the company on a process of development which actually was shrunken down to only 11 months.

Materials feel premium, the design is intuitive without being flashy. Its practical elegance is perfect for the driver who appreciates quality but doesn’t want something unnecessarily extravagant. Additionally, VinFast is actively exploring opportunities to introduce compact models like the VF 6 and VF 7 in the near future to cater to a broader customer base in the region.

• From its humble beginnings to becoming a global contender, this article explores VinFast’s journey, achievements, and future aspirations.
• Scooters will basically be produced next to cars in VinFast facilities.
• Recognizing the importance of a robust charging network, VinFast is actively contributing to the expansion of EV charging stations across Canada.

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Additionally, Ceva Logistics has secured longterm leases for new dualfuel roro vessels to boost capacity, while Chinese OEMs are deepening the vertical integration of their export logistics by expanding dedicated roro fleets. As with any car manufacturer, VinFast had to create numerous facilities in order to be able to produce cars. Earlier this year, VinFast took over a Chevrolet dealer network (they will import and sell Chevrolets in Vietnam) and a Daewoo-GM plant in the city of Hanoi. The company plans to adapt the plant for the production of its own vehicles too. Add to this a dedicated research center, and you have yourself a car company. VinFast’s transition to electric vehicles began in 2021, reflecting its commitment to sustainability and aligning with global efforts to reduce carbon emissions.

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• While the company is clearly focused on building cars, the plant in Hai Phong will actually have a dedicated production line for electric scooters with a capacity to build up to 1 million e-Scooters per year.
• The UAE’s emphasis on sustainability, driven by initiatives like the UAE Net Zero by 2050 strategy, aligns perfectly with VinFast’s mission to promote clean transportation.
• Of course, the engines powering the VinFast Sedan and the VinFast SUV are from BMW as well.

By comparison, Tesla delivered 1.3 million cars in hammer candlestick 2022 and Toyota sold 10.5 million. In May, VinFast recalled all of the cars it had shipped to the U.S. over a screen failure that saw the display go blank. VinFast is expanding its lineup with the introduction of the VF 6 and VF 7 compact SUVs, expected to be available soon in Canada. These models aim to cater to urban drivers and those seeking a compact yet versatile electric vehicle.

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It’s important to note that some vehicles shown contain pre-production elements and pre-production level vehicles may differ from actual production vehicles. Production vehicles may differ slightly in their final specifications, and availability is subject to delayed availability based on manufacturing timelines. However, VinFast does not appear to be selling many vehicles so far. The company recently revealed that 7,100 of its 11,300 global sales in the first half of 2023 were to Green and Smart Mobility, a Vietnamese taxi firm controlled by Vingroup. In the end, Scott Evans of MotorTrend said that he would ameritrade forex broker be “embarrassed to look a customer in the eye when handing over the keys to this vehicle,” while Ezra Dyer of Car and Driver concluded, “If it were hilariously inexpensive, sure.

The company was established with a vision to transform Vietnam into a manufacturing hub for world-class vehicles and compete globally. An early VF8 city edition achieved around 200 miles of range with less sophisticated battery tech. VinFast broke ground on its North Carolina plant to build EVs in America. Per the website, the company has opened up 13 showrooms — all in California. Initial plans called for Tesla-like direct-to-consumer sales, but VinFast is open to working with dealerships.

But for our purposes, the important name to know is VinFast, which can only really trace its history as far back as 2017, when it opened an automotive manufacturing plant in Hai Phong, Vietnam. That’s certainly new by American standards, but it’s old enough to make VinFast the first global automotive manufacturer in its home country. VinFast Auto Ltd. («VinFast» or the «Company») today announced global deliveries of 53,139 electric vehicles («EVs») in 4Q24, representing a 143%…

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Plans are in place for smaller VF6 and VF7 crossovers to slot below the VF8 and VF9. Recovering from this bad press won’t be easy, but don’t count VinFast out just yet. There are reasons to think that it may be able to turn things around. For one, several of the issues that troubled reviewers can be addressed with software updates, making them fairly easy to fix.

Expected to be operational by 2025, this facility will cater to the North American market, producing both vehicles and batteries, further strengthening VinFast’s presence in the region. VinFast’s global headquarters are located in Hanoi, Vietnam, serving as the strategic hub for its operations. The company’s primary manufacturing facility is in Hai Phong, an industrial port city in northern Vietnam. Inside, the VF 9 offers a choice between six or seven-passenger seating configurations, providing flexibility for families and groups. The interior is crafted with high-quality materials, and the second-row seats are designed for easy access to the third row.

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Two momentum indicator forex of his private investment companies, Vietnamese Investment Group and Asian Star, own an additional 1.1 billion shares. Fleetingly the world’s third-most valuable automaker, Vietnam’s new EV manufacturer is coming to America.

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. We combine hands-on testing, decades of experience and original photography to craft reports, reviews and guides. But the reviews we’ve read have been perhaps the most brutal we’ve seen for a modern car. Motortrend called the VF8 “nowhere near ready for public consumption.” Inside EVs described riding in the VF8 as “unbearable.” These are not exactly promising signs. 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.

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Nevertheless, the engines for VinFast’s cars will come in two states of tune. This isn’t what you’d call enormous power output, but no one could have actually expected a 3.0-liter, TwinPower, Turbo inside. Although VinFast did buy the licenses for the production of cars based on top of BMW platforms, it still has to develop appropriate features to make the car compliant with the market and regulations of today.