Just Kidding: VinFast Hasn't Delivered Any of the Vehicles It Shipped Here Last Year
VinFast can’t seem to make up its mind about how, when, and for how much to sell its vehicles. Recently, the automaker announced that the first round of U.S.-bound vehicles had left its home country of Vietnam. That was after it backtracked on a decision to sell vehicles with a battery subscription instead of pricing them outright. Most recently, Automotive News reported that VinFast is holding onto the 999 vehicles it shipped here last year for software updates.
Almost 1,000 VinFast VF8s have been in a holding pattern, awaiting software updates. The company said the process is complete and noted that deliveries would start in the second half of February.
VinFast claims 55,000 orders and said that 12,000 are from customers in the U.S. Though the first round of American EVs is on hold, the company delivered 4,000 vehicles to Vietnamese customers in December.
Though it’s a giant company with tons of resources, there’s no such thing as a bottomless wallet, raising questions about the chances for success following VinFast’s less-than-exciting launch in the U.S. The VF8 also didn’t do much to wow reviewers that visited the company’s base in Vietnam, with some saying it’s not ready for primetime.
VinFast says it will build a factory in North Carolina, but the company faces an uphill battle to break through the competition here. It has also lowered prices to keep up with Tesla and others, but without a must-have feature or selling point, the VF8 won't be top-of-mind for buyers with the required $50,000-plus to spend on a nice EV.
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In order for this total newcomer to grab and hold attention in the US market, the products MUST be an exceptional value. Not many people will pay name-brand money for the pretty mystery. I can appreciate the ambition of selling $50K+ crossovers, but I think they will go farther with their $30K-$40K offerings.
This guy called and wants his business model back.
On the one hand, it doesn't look good. On the other hand, not releasing the car into the hands of the general public until the obvious bugs are worked out is a good idea for a brand new company. Time will tell.
They could sell them at the market