{"id":65307,"date":"2024-01-08T04:14:42","date_gmt":"2024-01-08T09:14:42","guid":{"rendered":"https:\/\/autosector.com\/?p=65307"},"modified":"2024-01-08T04:14:42","modified_gmt":"2024-01-08T09:14:42","slug":"vinfast-in-a-major-reshuffle-to-target-us-market","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=65307","title":{"rendered":"VinFast expands new dealerships in US"},"content":{"rendered":"
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\n\t\t\t\tVinFast VF 8\/Source: VinFast\t\t\t<\/figcaption><\/figure>\n

Vietnamese EV maker VinFast\u00a0has announced a new CEO<\/a> at the helm, and an aggressive new strategy to expand globally while gaining a foothold in the US. In addition to announcing plans for a $2 billion in factory in India, it just announced a fresh crop of dealership openings in the US, with plans to expand the network to 125 points of sale across the country.<\/p>\n

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After opening up its first dealership in North Carolina<\/a> at the end of December, VinFast has announced partnerships<\/a> with five dealers in four states. VinFast vehicles are sold at Leith VinFast in North Carolina; Smith Haven VinFast in New York; Principle VinFast Grapevine in Texas; Hiley VinFast of Fort Worth, Texas; and VinFast Wichita, in Kansas. For now, customers can drive off with a VinFast VF8, with the VF 6, VF 7, and VF 9 models available as soon as they launch in the US.<\/p>\n

VinFast is also building its $4 billion EV factory in Chatham County, North Carolina. North Carolina\u2019s VinFast manufacturing plant is expected to produce as many as 150,000 vehicles annually after it is completed in 2025.<\/p>\n

VinFast targets US market with new dealerships in more states<\/h2>\n

After a lackluster and delayed launch of its VF 8\u00a0 model in the US, the company decided to put some new plans in place. It has been switching up its distribution model, which was previously based on Tesla\u2019s direct-to-consumer model, to what it calls a \u201chybrid\u201d model that includes dealers.<\/p>\n

\u201cThis is an important step affirming VinFasts commitment to expanding its retail sales network and shortening the time to deliver our products to market,\u201d said Tran Mai Hoa, deputy CEO of sales and marketing. She added: \u201cCollaboration with dealers allows VinFast to quickly bring US customers high-quality electric vehicles, good price and excellent aftersales policies, further promoting our mission of a sustainable future for all.\u201d<\/p>\n

VinFast has also appointed Pham Nhat Vuong, founder and chairman of parent group Vingroup Joint Stock Company, as its new CEO, and its fourth since the company\u2019s founding. Current CEO Le Thi Thu Thuy will become head of the board of directors, according to a statement from VinFast.<\/p>\n

The company has also announced plans to build a $2 billion factory in India<\/a>, set to begin this year. It also plans to build a manufacturing plant in Indonesia.<\/p>\n

\"VinFast-$20,000-electric-car\"
VinFast VF 3 (Source: VinFast)<\/figcaption><\/figure>\n

In its home country, VinFast has recently launched a\u00a0$20,000 electric minicar<\/a>\u00a0called the VF 3, and\u00a0Electrek<\/a><\/em>\u00a0has reported that the company is considering bringing it to the US, alongside the VF 8 and high-end VF9, which it already sells stateside in small batches. The 2024 VF 8 starts at about $47K and goes up to about $53K depending on trim and options, with the Eco model offering the highest range at 264 miles per charge.<\/p>\n

Electrek\u2019s Take<\/h2>\n

VinFast has made its mark on its home turf in Vietnam, but in the US, it\u2019s been a major underdog<\/a>. Timing hasn\u2019t been in its favor either, since it\u2019s arriving at a time of intense EV pricing pressure coming from heavy hitters like Tesla. And while the company has huge global ambitions, sales volumes have been small \u2013 so it has a lot to prove. In California, where the company has some 13 retail spaces across the state, data from Experian showed only 237 units had been registered through September. Still, this new plan, and the potential of bringing a version of its low-cost VF 3 to the US, could turn the tide. VinFast says it expects to sell 750,00 vehicles a year globally by 2026.<\/p>\n

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FTC: We use income earning auto affiliate links.<\/em> More.<\/a><\/p>\n

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VinFast VF 8\/Source: VinFast Vietnamese EV maker VinFast\u00a0has announced a new CEO at the helm, and an aggressive new strategy to expand globally while gaining a foothold in the US. In addition to announcing plans for a $2 billion in factory in India, it just announced a fresh crop of dealership openings in the US, […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/65307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65307"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/65307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65307"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}