VinFast Is Developing EVs To Hit The U.S. Market In 2021
Two years ago, Vietnam wowed the world with the introduction of its first car maker, VinFast. The launch came with two models designed by Pininfarina, the LUX A2.0 sedan and the LUX SA2.0 SUV.
Fast forward to this year, VinFast officially gives its SUV the nickname of President, powered by a V8 and limited to just 500 units – but that’s not the juice of this report. In the automaker’s press release, VinFast said it wants to enter the U.S. market in 2021 by exporting an electric vehicle, which is currently in development.
Pham Nhat Vuong, owner of Vingroup, said VinFast has the desire to create a Vietnamese brand with a world class reputation.
“Our biggest challenge is that Vietnamese products do not have an international brand. For many international friends, Vietnam is still a poor and backward country. We will have to find a way to market and prove that our products represent a dynamic and developing Vietnam that has reached the highest standards in the world, ”he added.
This is in line with the previous report that VinFast wants to enter the US market, even prompting Vuoing to invest $ 2 billion in personal fortune. Despite the many perceived obstacles, the company considers the Vietnamese market to be too small for profitability, which justifies an expansion into a more lucrative market.
From a larger perspective, we hope that VinFast’s electric vehicle will be as impressive as the recently revealed President SUV. The more options there are on the market, the better for the consumer.
The President SUV has an imposing hull designed by Pininfarina and a very luxurious interior worthy of the high-end monicker. It’s priced at 3.8 billion VND (or roughly $ 164,000 with current exchange rates), which will give you a 6.2-liter V8 engine that develops 420 horsepower (309 kilowatts) and 460 pound-feet (624 Newton). -meters) of torque. This allows the President to go from 0 to 62 miles per hour (100 kilometers per hour) in 6.8 seconds and reach a top speed of almost 300 km / h.