Additionally, the cargo space ensures ample room for luggage and questrade forex travel essentials. Aiming to enhance the customer experience with a promise of 24-hour parts delivery across Europe, VinFast strives for minimal downtime and maximum satisfaction for EV owners. Containerisation, while reliable under certain conditions, introduced significant coordination complexities between container and ro-ro ports. This operational friction led to increased lead times and a host of logistical challenges and demand.
He is the chair of Vingroup, the largest conglomerate in Vietnam, with units in the real estate development, EV, technology and retail sectors. As VinFast continues to grow in Canada, its dedication to innovation and sustainability remains at the core of its vision. From ADAS and smart service to cutting-edge systems ADAS and smart integrations, each model is designed with the latest technology for enhanced safety and convenience.
VinFast – Follow The Birth Of A Car Company Using BMW Tech And Italian Design From Pininfarina
VinFast has already broken ground on a manufacturing plant in North Carolina, which certainly projects the idea that it is confident about the brand’s future here in the United States. And there are plenty of bright spots to be found in reviews of the VF8, from its real-world range exceeding its EPA numbers to the spacious interior. But there’s no denying that the company has a steep climb ahead of it. VinFast still doesn’t have much brand recognition in America, and those who have heard of the company have probably heard bad things. Whether it will be around in ten years to honor the warranty offered for the VF8 remains to be seen.
The process can be jump-started with innovative technology ( think Tesla or Rimac), or created from scratch by a really, really massive company like Hyundai or Lexus. In this case, I am writing about the birth of the first car company from Vietnam, ever. Called VinFast, the first Vietnamese automotive producer may sound like a joke at first.
From instant noodles to cars
With the future looming ahead, it is an exciting time for VinFast to expand its global presence in the EV world and venture into new territories in the future. Not only that, but the company will continue to bring Vietnam’s presence further worldwide, furthering the advancements the country has made in the past 30 years. As 2022 continues, the company has made incredible strive in the global market. With VinFast opening orders for both the fundamentals in forex trading VF 8 and VF 9 to be delivered globally at the year’s end and launch showrooms in North America and Europe. At the same time, they are impacting the EV world by showcasing their products and presence at CES, the New York International Auto Show, and the Los Angeles Auto Show. The company is also the title sponsor of the IRONMAN World Championship.
I can only imagine that the car is basically 3D modeled and then approved for further development and production. Obviously, this is a team with decades of automotive experience that is perfectly suited to lead an all-new car company. It seems that Vo Quang Hue made a great impression on BMW executives as, after he revealed the VinFast plan to them, they agreed to sell licenses for building some of the cars with BMW technology. The company has R&D and production facilities in Vietnam, yet most of the technology used for the cars VinFast plans to produce were found elsewhere. The company partnered with Siemens, Bosch, Magna International, Pininfarina, and BMW, among others.
This sustainable approach is not only beneficial for the environment; it is a strategic decision that dovetails with broader market trends. By partnering with logistics firms that offer greener transportation options, VinFast is poised to reduce mileage and optimise energy use, leading to both economic and ecological benefits. Automotive Logistics past coverage has underscored the critical role of decarbonisation in modern supply chains, noting that sustainability is becoming a central agenda for automotive OEMs worldwide. 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. This is huge, as is the Vietnamese market for cheap affordable transportation. Scooters will basically be produced next to cars in VinFast facilities.
- As of 2025, the starting price for the VF 8 Eco is CAD $56,026, while the VF 8 Plus is priced higher, reflecting its additional features and performance enhancements.
- Per the website, the company has opened up 13 showrooms — all in California.
- The Plus trim further elevates the experience with a panoramic glass roof, leather upholstery, and heated-and-ventilated rear seats, ensuring comfort across all seasons.
- Development of the two new cars based on top of BMW platforms is only the tip of the iceberg.
- After that part of the work was done, VinFast reached out to Vietnamese people, 62,000 responded, and they picked the best among the 20 design sketches.
- Apart from vehicles for commercial purposes, VinFast facilities will be able to produce numerous specialty vehicles including a bus that’s currently being developed in conjunction with German Siemens.
Search cars on Dubicars
Behind it is the largest Vietnamese private conglomerate Vingroup JS. It is backed by automotive minds from the depths of the American and European car industry, its foundation is German technology, and its soul is Italian design. If you ever thought that money couldn’t buy a car company, think again, because I think VinFast is the definition of money making/buying a car company. Founded in 2017, VinFast is a subsidiary of Vingroup, Vietnam’s largest private enterprise with interests in real estate, healthcare, education, and technology.
Verdict: Is The 2023 VinFast VF 8 A Good SUV?
By focusing exclusively on EVs, the company positioned itself to address the growing demand for eco-friendly transportation. The carmaker broke ground on its first American factory in North Carolina last month with plans to begin production at the $4 billion facility in 2025—as of June, only 137 electric vehicles by VinFast were registered on U.S. roads. VinFast, a Vietnamese electric vehicle (EV) manufacturer, has rapidly emerged in the Canadian automotive market with a lineup of innovative electric SUVs.
It isn’t the easiest vehicle to drive smoothly, especially in the oversensitive Sport mode, as the car shoots forward more aggressively than expected. We also found the steering a bit too pointed for a family-friendly crossover; the Ford Mustang Mach-E is a much more inspiring vehicle to drive quickly. The company will build the car in restyled form, but still under license. The entry-level version will sport a 1.0-liter engine with the other one actually getting a 1.4-liter engine and the option for the automatic transmission. Interestingly enough, sketches for the car are already on the VinFast webpage, and I wouldn’t be surprised if the people of Vietnam choose the design for this one too.
- The VinFast story started in 2017 with the establishment of VinFast’s state-of-the-art automotive manufacturing complex in Hai Phong, Vietnam.
- As VinFast wants to be the leading car manufacturer there, it is safe to assume that it will try to sell its products throughout the region.
- Because of this, the VF8 was in dire need of stellar reviews from industry experts.
Future Cars
A number of institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in shares of VinFast Auto in the 4th quarter valued at $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of VinFast Auto in the 4th quarter worth $29,000. Walleye Trading LLC acquired a new position in VinFast Auto in the fourth quarter valued at $46,000. GSA Capital Partners LLP purchased a new stake in VinFast Auto during the third quarter valued at about $44,000. Finally, XTX Topco Ltd acquired a new stake in VinFast Auto during the third quarter worth about $48,000.
These ten should certainly be considered near the top of your shortlist. Learning which cars depreciate faster than others is a great way to make sure you don’t make a costly mistake when buying your next SUV. Obviously, the cars do follow the shapes set forth by BMW platforms.
As of 2025, the starting price for the VF 8 Eco is CAD $56,026, while the VF 8 Plus is priced higher, reflecting its additional features and performance enhancements. Financing options include 60 months down payment OAC or leasing plans with flexible terms, making EV ownership more accessible. Customers can opt for monthly for 60 months plans, depending on eligibility. The VF 8’s interior is designed with a focus on driver and passenger comfort. The Plus trim further elevates the experience with a panoramic glass roof, leather upholstery, and heated-and-ventilated rear seats, ensuring comfort across all seasons. The VF 8 is VinFast’s mid-size electric SUV, designed to offer a balance of performance, comfort, and advanced technology.
Roeloffs was included on Editor & Publisher Magazine’s “25 Under 30” list in 2023 and worked covering local news in the greater Boston area from 2017 to 2023. She graduated with a double major in political science and journalism from Northeastern University. Follow Roeloffs for continued coverage of streaming wars, pop culture news and trending topics. According to an SEC filing, his Vingroup controls 1.2 metatrader vps billion shares in VinFast, more than 50 percent of outstanding shares.
This state-of-the-art plant spans a massive 335 hectares and is equipped with advanced robotic technology, with automation levels exceeding 90% in certain production lines. The facility’s current annual production capacity is 250,000 vehicles, scalable to 500,000 vehicles to meet future demand. VinFast has emerged as a promising player in the global electric vehicle (EV) market, capturing attention with its bold vision, innovative technology, and rapid expansion. From its humble beginnings to becoming a global contender, this article explores VinFast’s journey, achievements, and future aspirations. VinFast is a member of Vingroup, the largest private corporation in Vietnam. Vingroup has a sizable history in Vietnam, focusing on technology, real estate development, retail, and services ranging from healthcare to hospitality.