After the advent of the era of new energy vehicles, many new car-making companies were born, not only in China and the United States, but also in many underdeveloped countries. Among them, Vietnam's first car manufacturer, Vinfast, was founded in 2017 and has been actively building cars since its establishment. However, since Vietnam does not have much basic car-making skills, the assembly of vehicles is made in Germany, and batteries are produced in the United States, which is called the hope of showing the best quality.
VinFast showcased five electric vehicles at CES 2022, which closed on the 7th, and will be sold in Europe and North America from the end of this year. Has a full range of electric SUVs from the small VF 5 to the large VF 9. VinFast is determined to join the electric vehicle competition by moving its production base from its vietnamese factory to Europe.
VinFast is currently working with the German Trade and Investment Promotion Agency (GTAI) to find a new plant in Germany. GTAI, which was involved in the siting of Tesla's Gigabit factory under construction in Berlin, is said to have offered VinFast two alternatives for eco-friendliness, supply chain and efficiency.
VinFast's new energy vehicle batteries come from the United States, and it is planned that the battery factory in the United States will be able to produce VinFast's EV batteries as well as the batteries of electric buses at the same time.
VinFast will start producing batteries for electric vehicles at its local facility as early as 2024. The initial production of batteries is about 100,000 per year, and when the factory starts operating normally, the goal is to produce about 1 million batteries per year.
There was also a lot of controversy when VinFast planned to produce electric cars in Germany. A number of foreign media have pointed out the cost problem, because once it is produced in Europe, the cost is certainly not low. Labor costs in the U.S. are higher. Therefore, if a Vietnamese car brand wants to sell at a high price, then users will certainly not be able to accept it.
VinFast believes that the risk of entering the electric vehicle market can be minimized through Germany's diversified parts supply chain and high-quality workforce, which leads the world's high-end markets such as Mercedes-Benz, BMW, Audi and Volkswagen.
Meanwhile, VinFast, which will start selling the mid-size E-SUV VF 8 and the large VF 9 in Europe and North America by the end of this year, has a 10-year, 200,000-kilometer warranty, driver assistance functions (ADAS), streaming services, and L2 level intelligent driving, developed jointly with ZF, which plans to provide basic autonomous driving functions.
Both E-SUVs are equipped with two electric motors, the system has a total output of 408 horsepower, a maximum torque of 65.3 kgf·m, and a single charge that can travel about 300 miles (about 480 km) and about 400 miles (about 640 km).
The VF 8 sells for €36,133 in Europe, €41,000 in the U.S., and the VF 9 starts at €49,280 and $56,000.
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