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VinFast knows: For Americans, cars are family members, often even given names
Prnewswire· 2025-06-27 13:11
Core Insights - Americans increasingly view their cars as family members, often giving them names and sharing daily experiences [1][3][5] - VinFast aims to position its vehicles, particularly the VF 8, as trusted family companions in the U.S. market [5][6] Consumer Sentiment - A survey indicates that 51% of car owners consider their vehicles part of the family, with 53% expressing a desire to keep their current car forever [5] - Emotional connections and fond memories contribute significantly to this attachment, with 22% and 24% of respondents citing these reasons respectively [5] VinFast VF 8 Overview - The VF 8 is priced competitively, starting at $39,900 for the Eco trim and $44,900 for the Plus trim, with leasing options beginning at $269 per month [6] - The vehicle comes with a robust warranty package of 10 years or 125,000 miles for the car and a 10-year unlimited mileage warranty for the battery in non-commercial use [7] Features and Technology - The VF 8 Plus offers premium features such as vegan leather upholstery, a 15.6-inch infotainment screen, and a comprehensive Driver-Assistance System (ADAS) [8][9][10] - Safety features include 11 airbags, adaptive cruise control, and a 360-degree surround-view monitor, enhancing the driving experience [9][10] User Experience - The VF Connect app allows for personalization with features like camp mode, pet mode, and integrated games, catering to various user needs [11] - VinFast is positioning the VF 8 as an appealing option for families looking to adopt electric mobility [11]
Decoding VinFast's Inclusive Pricing Strategy
Prnewswire· 2025-06-23 14:01
Core Insights - VinFast aims to revolutionize the electric vehicle (EV) market by ensuring accessibility through "inclusive pricing," integrating premium features into standard costs to avoid leaving anyone behind in the electrification of transportation [1][7] - The company recognizes that the current EV revolution is akin to the personal computer revolution, where vehicles are becoming integrated mobile computers that enhance the driving experience [2][3] - VinFast's strategy focuses on three core pillars for entering the U.S. market: high-quality products, inclusive pricing, and outstanding aftersales policy [8] Product Features - The VinFast VF 8 offers premium features such as vegan leather interiors, a 15.6-inch infotainment screen, and advanced safety features including 11 airbags [9][11] - The vehicle is equipped with a comprehensive Advanced Driver-Assistance System (ADAS) across both Eco and Plus versions, providing various driving aids for enhanced safety [10][11] - The VF Connect app enhances the driving experience with features like camp mode, pet mode, and integrated games, ensuring the vehicle becomes smarter over time [12] Pricing and Financing - The VF 8 is competitively priced with an MSRP starting at $39,900 for the Eco trim and $44,900 for the Plus trim, with leasing options beginning at $269 per month [13] - The vehicle also offers a 0% interest financing option and comes with an extensive warranty of 10 years or 125,000 miles for the vehicle and a 10-year unlimited mileage warranty for the battery under non-commercial use [13] Customer Experience - VinFast's philosophy of "leave no one behind" extends to passenger comfort, ensuring all occupants enjoy features like heating and ventilation in all four seats, along with advanced air quality control systems [14][15] - The company emphasizes the importance of passenger care, particularly for younger passengers, by incorporating health-focused features in the vehicle [15]
VINFAST SIGNS FIRST DEALERSHIP IN CALIFORNIA
Prnewswire· 2025-06-18 14:00
Core Insights - VinFast has opened its first authorized dealership in California, marking a significant step in its strategy to expand its dealership network across the U.S. [1][5] - The company aims to drive the green transportation revolution in the U.S. by providing high-quality electric vehicles and exceptional services to American consumers [1][6]. Dealership Expansion - The new dealership in San Diego will officially begin operations this month, allowing consumers to explore and purchase or lease the VF 8 and VF 9 electric SUVs [2][4]. - VinFast is actively seeking additional dealership opportunities throughout California, recognizing the state's significant electric vehicle growth potential [4][5]. Sales Model Transition - In late 2023, VinFast introduced a dealership sales model and is transitioning to a franchise dealership model across all 50 states to enhance business efficiency [5]. - The company has established over 30 authorized dealerships in 15 key states, including California, Texas, and New York [5]. Product Offering and Pricing - The VF 8 is priced at a Manufacturer's Suggested Retail Price (MSRP) of $39,900 for the Eco trim and $44,900 for the Plus trim, with leasing options starting at $269/month [6]. - The VF 9 has an MSRP starting at $62,900, with leasing programs beginning at $449/month, and both models are eligible for 0% interest financing [6]. After-Sales Services - The San Diego dealership will provide comprehensive after-sales services, including warranty support, maintenance, and genuine parts [3]. - VinFast is committed to training its dealership staff to ensure a highly skilled workforce knowledgeable in VinFast products and services [3]. Warranty and Market Strategy - All VinFast EV models in the U.S. come with a 10-year or 125,000 miles warranty for the vehicle and a 10-year unlimited mileage warranty for the battery under non-commercial use [7]. - The company is focused on adapting its strategies based on market analysis while pursuing its vision to drive the global green revolution [9]. Global Expansion - VinFast is expanding its presence in high-potential markets such as Indonesia, the Philippines, India, and the Middle East, building on its established presence in North America and Europe [8]. - The company aims to make electric vehicles accessible to everyone, with a diverse product lineup that includes various electric SUVs [10].
Is Now the Time to Buy VinFast Auto Stock?
The Motley Fool· 2025-04-30 13:45
VinFast Auto (VFS -1.77%) has always been an intriguing company. It's a Vietnamese automaker that dominates its home market in electric vehicles (EVs) but has ambitious plans to expand into the valuable U.S. and European markets. The company just released its fourth-quarter earnings and it had impressive growth, but also wider losses.With the stock down 20% year to date, is now the time to buy VinFast?What have you done for me lately?VinFast managed to post impressive growth in vehicle sales. EV deliveries ...
VinFast Reports Fourth Quarter and Full Year 2024 Financial Results
Prnewswire· 2025-04-24 15:25
SINGAPORE, April 24, 2025 /PRNewswire/ -- VinFast Auto Ltd. ("VinFast" or the "Company") (Nasdaq: VFS), a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024.Impressive Revenue Growth Driven by Strong Vehicle Deliveries VinFast EV deliveries were 53,139 in the fourth quarter of 2024, representing an increase of 143% from the third quarter of 20 ...