VinFast is a Vietnamese company that has faced many opportunities in recent months due to its new range of electric cars, as well as its expansion to the European market. Currently, the company has established its goal as a real opposite to European and North American customers, where it also expects to present large figures in the near future. To achieve this, you already know the steps you are going to take.
Due to its youth and the fact that it is not yet established in different markets outside of Vietnam, the strategy of VinFast may appear as a company of expenditure. At the latest, 2022 is planned to register a total of 7400 vehicles, a small percentage of what its founder expects for this present 2023. Pham Nhat Vuong confirmed that its sales expectations this year will exceed 50,000 units.
This increase in sales will be the result of a significant increase in the investment made in the brand by its parent company, VinGroup, which will contribute more than 2,000 million to the project. This will increase the range of models, their productions and their exports to other countries.
The VinFast VF 5 has a length of just 3.9 meters, so it can fully compete with the Dacia Ver.
An offer for all budgets
VinFast now has two electric vehicles: VinFast VF 8 and VinFast VF 9. In the coming months they have already announced the arrival of new products of a smaller size and position than these, namely with the VF 5 (which is now only sold in Vietnam), the VF 6 and VF 7. But their vision for the future does not end there. It was the person in charge of the company who had officially announced during the celebration of the annual conference that two additional models were included in their plans and were completely ignored until now.
The first of these two new electric cars will be a pick-up with which they hope to torch established brands (especially in the United States of America) such as Ford, with its F-150 Lightning, Tesla and its future Cybertruck, as well as Rivian. It is clear that this vehicle is very focused on the North American public, although its arrival in Europe should not happen.
Those that are much more focused on the Old Continent, the second model in question will be “a very small urban vehicle with a starting price of 12,000 coins”, according to Vuong in the speech. There are many known without confirmation. the capabilities of this long-awaited 12,000-euro electric model announced by its CEO. On the one hand, it could be a “Europeanized” version of the aforementioned VF 5, or even a new model designed entirely for the European market as the main one. objective and focused on Western canons and tastes.
It is possible that this small electric car brings closer to its aesthetic image that VinFast VF 5 already proposes, the most affordable model already sold in the country of origin. This is proposed as a small crossover of 3.9 meters in length and the mechanical scheme is made up of a 100 kW electric motor (135 hp) powered by a 37.23 kWh battery. It gives a total range of 300 km, according to the old NEDC approval. It has a starting price of 458,000,000 dong in Vietnam, which is about 18,300 in exchange.
The VinFast VF 5 is a good reference to see what the brand could prepare with its 12,000-watt electric model.
For now, little else is fully known about these two new electric models. “When the market is alive again and the common sense improves, VinFast will bring some financial joy. If everything goes according to plan,” he acknowledged. Vuong hopes with the aforementioned steps to achieve the financial health of the company and get out of the hole that the red numbers represent. All this during the following years They should arrive in 2024, coinciding with their big expansion across Europe.