Fuel Cell Caravan - The Home of the Future
  • Home
  • Project Details
  • Blog
  • News
  • Contact Us
No Result
View All Result
  • Home
  • Project Details
  • Blog
  • News
  • Contact Us
No Result
View All Result
No Result
View All Result
Fuel Cell Caravan - The Home of the Future
Home NEWS

VinFast’s Low BEV Sales Numbers Contrast With Its High Valuation

admin by admin
August 18, 2023
in NEWS
0
VinFast’s Low BEV Sales Numbers Contrast With Its High Valuation
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

VinFast’s initial electric car sales in the United States remain relatively low, especially considering the market valuation of the Vietnamese manufacturer.

The company recently debuted on the Nasdaq, making a pretty big splash with a valuation of $85 billion – higher than Ford or General Motors, but its VF 8 model noted just a few hundred sales in the US during the first half of the year.

According to the registration data from Experian (via Automotive News), by the end of June, only 151 units were registered in the country. Interestingly, the number of new registrations in June amounted to 23 and was lower than in April and May.

VinFast VF 8 registrations, according to  Experian:

  • February: 1
  • March: 16
  • April: 66
  • May: 45
  • June: 23
  • Total in H1 2023: 151

Automotive News reports that VinFast’s spokesperson mentioned around 350 sales as of mid-July, which suggests that we should see an increase in registrations in the following months. Registrations usually lag by a few weeks behind sales/customer deliveries.

Anyway, the results of not very high registrations are quite contrasting compared to a very high valuation. Investors are probably also realizing this and becoming more cautious, as the shares went down by a third to $20 on Thursday and on Friday are just above $13.

VinFast definitely has a chance for a successful launch, but it will require addressing the issues mentioned in the first reviews. The initial version of the car with so-so range (especially for the battery size) and a recall related to the screen does not help.

Besides the VF 8, VinFast would like to introduce in the US also other models – larger VF 9 and smaller VF 7, as well as produce the cars locally. A new assembly plant will be built in North Carolina and start production in 2025.

Meanwhile, VinFast is exploring how to sell the cars and hinting at the addition of dealers, on top of its own stores (122 opened globally, mostly in the US). It will be a hybrid sales model it seems.

Reuters recently reported that VinFast already shipped nearly 3,000 vehicles to North America – an effective distribution model is then highly needed.



Source link

LET’S KEEP IN TOUCH!

We’d love to keep you updated with our latest news and offers 😎

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

Previous Post

Swedish court rejects Tribbhult

Next Post

Implenia, WWJ to set up floating wind foundations plant in Norway

Next Post
Implenia, WWJ to set up floating wind foundations plant in Norway

Implenia, WWJ to set up floating wind foundations plant in Norway

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Huawei and BAIC’s first luxury EV coming in April
  • Here’s The Rivian R3 Driving Around Laguna Beach
  • Blazer EV price cut, Dodge electric muscle, Rivian R2 and R3: The Week in Reverse
  • Tesla’s Supercharger struggle – short cables and awkward parking for non-Tesla EVs
  • Tesla Is Working On A NACS-To-NACS Extension Cable

Recent Comments

  1. новости о пенсии on Dongfeng’s Nano Field will get even cheaper, now begins at simply $8,900
  2. slot casino on Stellantis CEO claims quicker EV acceleration is a safety feature
  3. Bonus d'inscription à Binance on Xpeng joins the celebration, drops costs by as much as $5,000
  4. bonanza on Spain’s Grenergy reports 475% leap in profit in 9-mo 2023
  5. Binance账户 on Tenaga’s Vantage RE refinances mortgage for Blyth offshore wind farm in UK

Fuel Cell Caravan

Mobile Home Office

Useful Links

  • Terms
  • About
  • Privacy Policy
  • Refund
  • Contact Us
  • News
  • Blog

connect with us on

Facebook Twitter Youtube Linkedin Instagram Whatsapp
No Result
View All Result
  • Home
  • Project Details
  • Blog
  • News
  • Contact Us

© 2023 FuelCellCaravan - All Rights Reserved

Social Chat is free, download and try it now here!