The City Edition has the same performance numbers as the standard VF 8, but VinFast says the VF 8 will have a longer range than the VF 8 City Edition. The VF 8 has EPA estimated range numbers of 264 miles for the Eco trim and 243 miles for the Plus model. For the City Edition, those range numbers drop to 207 miles for Eco and 191 miles for Plus.
- By comparison, Tesla delivered 1.3 million cars in 2022 and Toyota sold 10.5 million.
- Kelley Blue Book® Values and pricing are based in part on transactions in your area.
- In 2021, 610 companies went public through SPAC mergers and raised a total of $161 billion, according to S&P Global Market Intelligence.
- VinFast’s cars are already popular and sought-after in Vietnam, and are a point of pride there.
Starting in 2024, buyers will have the option to buy the battery with the vehicle, but the company has not yet outlined prices. Images and videos shown contain pre-production level vehicles. VinFast’s design language blends sporty curves, luxurious strokes, and formidable
presence, all while optimizing performance, functionality, and elegant simplicity. Founded in 2007, Gear Patrol is the definitive buying guide for enthusiasts.
KBB Vehicle Review and Rating Methodology
In the short term, however, VinFast appears to be a serious player. The company says it has 55,000 reservations for its EVs worldwide, but hasn’t given a breakdown of how many of those are from the U.S. Anecdotally, on our trip with VinFast to Vietnam, we met several U.S. and Canadian customers who have put down deposits on multiple VinFast vehicles and were invited by the company as VIPs.
After peaking on Tuesday, VinFast shares plunged 20 percent on Wednesday and fell another 33 percent on Thursday. At press time, shares were trading at $16 apiece, down 56 percent from Tuesday’s peak. After I was put on hold for about 20 minutes I reached out to the dealership via their online lead system, as there was an option to send a text directly to a manager. Immediately, I got a call back from a sales manager who told me that a salesperson would be reaching out to provide pricing. Despite an additional follow-up, I never got that official quote. The VF8 and VF9 start at $57,000 and $76,000, respectively – but both can be ordered without batteries, lowering the up-front cost significantly, if the buyer opts for a monthly battery subscription.
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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.
What’s next for VinFast?
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. financial derivatives examples This pushed its market cap higher than every automaker globally except Tesla and Toyota. It has since plummeted below $20, about where it was before the rally started.
Before any car earns its KBB rating, it must prove itself to be better (or worse) than the other cars it’s competing against as it tries to get you to spend your money buying or leasing. Our Expert Ratings come from hours of https://bigbostrade.com/ both driving and number crunching to make sure that you choose the best car for you. We comprehensively experience and analyze every new SUV, car, truck, or minivan for sale in the U.S. and compare it to its competitors.
Through January 31, 2024, lease offer is available on the new 2023 VinFast VF 8 Eco model leased through VinFast Auto, LLC (offer subject to change based upon availability). The purchase option at the lease end, excluding tax, title, and government fees, is $19,352, plus a purchase option fee of $350. VinFast is enduring the same slowing demand and resulting “economic headwinds” as almost every other battery-electric-vehicle maker. Yet, despite the automaker’s first offering here, the VF 8, being generally (and kindly) considered not very good, the company still delivered almost 35,000 units in 2023. To entice additional demand while demonstrating its commitment to aggressive pricing, VinFast just rolled out what Cars Direct calls “The Cheapest Deal in America.” You — yes, you!
Assuming you get past the first hurdle, the lease rate after that $944 but before lease taxes, sales taxes, and dealer fees comes to $275.22 per month, a total of $9,908 dollars over that three years. Before the promotion, VF 8 lease prices were $399 per month after a down payment of $4,594, which works out to about $527 per month. Cars Direct said that the new rate beats more than 500 other lease deals offered by various automakers.
Thanks to a wildly fluctuating stock price, you may have seen the name VinFast in the news lately. In case you wondered just what it is — and whether Dom Toretto is involved — here’s everything you need to know. Among the reasons cited by VinFast for its lower-than-expected sales in 2023 were “slow EV adoption in some regions, tough competition, and a choppy macroeconomic backdrop,” per Seeking Alpha. For another benchmark, let’s look at an “affordable” model like a Honda Civic LX with an MSRP that is almost half the price of the VF 8 depending on the configuration. Integrated into the floorboard of the VF 8 chassis is a 87.7-kWh lithium-ion battery pack.
VinFast’s VF8 electric SUV is the only car currently for sale in the United States, and only at 13 showrooms in California, but the company is planning to start offering its larger SUV later this year and two others next year, CNN reported. By comparison, Tesla delivered 1.3 million cars in 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. 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. On the automaker’s retail site, the small print limits participants to those who live in California and explains there’s a $944 payment due at signing.
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. VinFast says it has shipped 3,000 vehicles to North America. Initial plans called for Tesla-like direct-to-consumer sales, but VinFast is open to working with dealerships. VinFast will begin its foray into the country by launching “a network of electric car and motorcycle dealerships.” The electric vehicle maker intends to begin investing in the Philippines starting this year. Pham Nhat Vuong, chairman of VinFast parent company Vingroup, recently discussed the company’s plans with President Ferdinand Marcos Jr. of the Philippines as well as other leaders.
Drive the VF 8 for just
Combined output of these two motors is up to 402 horsepower and 472 lb-ft of torque. The Eco models get longer range but reduced performance numbers. These are manufacturer’s suggested retail prices (MSRP) and don’t include the $1,200 factory-to-dealer delivery fee (destination charge). The 2023 VinFast VF 8 is a new electric SUV from a Vietnamese automaker new to the U.S.