Industry News - VinFast Global Community

VinFast Drives EV Growth With E.ON Partnership

Frankfurt, Germany – Hanoi, Vietnam, February 09, 2023 – VinFast, Vietnam’s first global manufacturer of battery-powered electric vehicles and E.ON Drive, the eMobility specialist of one of Europe’s leading utility companies, announced their cooperation to equip VinFast locations with a charging infrastructure in Germany, France, and the Netherlands. Under the agreement, both companies will work hand in hand on the rollout of internal charging points for service centers as well as customer charging stations at VinFast’s retail network across France, Germany, and the Netherlands. With the joint aim of making e-mobility easy and accessible for customers, E.ON Drive will develop and execute tailor-made charging infrastructure for all VinFast Stores. In the first phase, approximately 200 AC and DC (150 kW) charging points are planned, with private and public charging access. E.ON Drive contributes with its long-term expertise in charging infrastructure projects, starting with the selection of suitable AC and DC charging hardware, through technical analysis and planning as well as the installation and operation of the charging points. Ms. Ho Thanh Huong, CEO of VinFast in Europe shares: “Understanding the importance of charging to electric vehicle users, we are delighted to cooperate with leading utilities companies like E.ON Drive to…

editor01

1 year, 9 months ago

CES 2023’s Must-See Highlights From VinFast

Last week, the annual Consumer Electronics Show (CES) returned to Las Vegas for another showcase of the biggest names in tech and EVs. One year after announcing its all-electric vehicle strategy, VinFast was back to take the stage at CES, announcing the specifications of its newest all-electric crossover models, the VF 6 and VF 7. To help you cut through the noise and zero in on the announcements that matter most, we’re presenting our CES 2023 recap! Scroll through our highlights of some of the biggest announcements. Exhilarating Driving Experiences On January 5, Madam Le Thi Thu Thuy, Vingroup Vice Chairwoman and CEO of VinFast spoke at the event’s press conference, outlining the company’s latest accomplishments and what’s still to come: “VinFast always strives to bring diverse vehicle options to meet the demands of most customers, while pushing the transition from ICE to all-electric vehicles.” Madame Thuy added: “VinFast’s VF 6 and VF 7 are models that combine the elements of style, modern technology and outstanding technology in an efficient and fun package. I believe that these models will resonate well with young customers who are passionate about technology and exhilarating driving experiences.” Read more here. VinFirst For VF 6 and VF 7…

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1 year, 10 months ago

VinFast And NXP Collaborate On Developing The Next Generation Of Smart Electric Vehicles

Las Vegas, USA, January 6, 2023 – at this year’s CES exposition, VinFast and NXP® Semiconductors have announced their collaboration on VinFast’s next-generation of Automotive applications. The collaboration supports VinFast’s goal in developing smarter, cleaner and connected electric vehicles. Under the collaboration, VinFast seeks to leverage NXP’s processors, semiconductors and sensors. VinFast and NXP will engage in the early development phases of new VinFast automotive projects, leveraging NXP’s rich portfolio of system solutions for innovative applications. Additionally, NXP will share its robust partner ecosystem with VinFast, bringing its top-notch solutions to accelerate time-to market,Together the companies will establish a joint, expert collaboration dedicated to developing solutions based on NXP’s renowned reference evaluation platforms and software layers with the purpose of designing and building leading-edge electric vehicles. As a member company of Vingroup, the largest conglomerate in Vietnam, the collaboration between VinFast and NXP will realize the group’s ecosystem of product and services to leverage cross-over group connected benefits for its customers. As such, other companies in the group will also be able to leverage NXP’s smart solutions to advance their Smart City applications. Madam Le Thi Thu Thuy, Vingroup Vice Chairwoman and CEO of VinFast Holdings shared: “Our collaboration with…

Daniel S

1 year, 10 months ago

How Does the Rejection of Prop 30 Impact the EV Market in California

The defeat of Prop 30 was a surprise to many EV enthusiasts. This bill would have seen an extra 1.75% tax levied on the roughly 40,000 households in California whose annual income is above $2 million. All that extra revenue would have been channeled into EV charging infrastructure and EV subsidies. California is the most EV-friendly state in the USA, and taxes on the richest members of society typically perform well in polling. Nonetheless, Prop 30 was defeated 59% to 41% during the recent midterm elections. Does This Represent a Hurdle in California’s Goal to Be Fully Electric by 2030? The loss of up to $5 billion in possible annual revenue will impact the state’s ability to rapidly expand charging infrastructure to make EVs more practical. California is, after all, a large state where many rely on cars for medium and long-distance travel. That is likely the biggest impact of the defeat of Prop 30. The reduction of available subsidies will also slow the tide of electric vehicle converts. Although, in California, that’s less of a concern than the lack of charging infrastructure. What Is the Possible Reasoning Behind So Many People Voting Against This Bill in America’s Most EV-Friendly State? Early…

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1 year, 11 months ago 1 Bình luận

What’s the Potential Impact of the Proposed ’23 Tax Credit for Used EVs?

The Inflation Reduction Act is a landmark piece of legislation signed into law by the President in August 2022. Lawmakers focused a lot of their attention on emissions reduction and offered some incentives to help with the sales of electric vehicles. This involved a tax credit for those who want to purchase a used EV. But what’s in the details, and how could you take advantage of this incentive? What Are the Rules? Consumers can now take a tax credit of up to $4000 (or 30% of the vehicle’s price) when they buy a used EV. The rules also place a price cap of $25,000 on eligible vehicles. Some rules are yet to be clarified, and it’s still unclear how many different models may qualify. Nevertheless, it’s a big leap forward from the status quo, where used EVs did not qualify for any kind of tax benefit before. However, one thing is clear: a used EV will only qualify for a tax credit if the manufacturing process includes final assembly in North America. The new tax credits become available on January 1, 2023. Starting in 2024, the credit will be applicable when you purchase a vehicle and will be an immediate…

editor10

1 year, 11 months ago

How Rising Interest Rates and Market Losses May Affect the EV Industry

Many industries face strong headwinds caused by macroeconomic forces, and the electric vehicle sector is no exception. Some believe demand may begin to fall away due to rising interest rates and a slowdown in general market performance. What does the picture look like at the moment? Interest Rate Challenges The continued rise in interest rates may impact electric vehicle stocks in the short term. Only recently, the Federal Reserve hiked base interest rates by three-quarters of a percentage point, which was the most significant increase for almost 30 years. This comes at a bad time for some EV manufacturers trying to expand production capacity to keep pace with a burgeoning market. However, these companies also need to keep a close rein on costs, and an uptick in the price of money may lead to a lower bottom line. Of course, this is even more problematic for early-stage manufacturers who may be yet to turn a profit of any kind. They may need to attract further equity to fund any expansion, which could dilute individual stocks and cause additional problems. Supply Chain Disruptions and Commodity Issues Supply chain disruptions and rising commodity prices (linked to higher inflation) may also affect market…

editor10

1 year, 11 months ago 3 Bình luận

EV Trends to Look out for in 2023

The exciting pace of Electric Vehicle (EV) technology is just part of the buzz and energy surrounding the segment. With even more cars entering the market, there are so many storylines to watch. Here are four emerging EV trends you can expect to see in 2023. Battery Subscription Programs Batteries are a major component of any electric vehicle. They’re also the biggest and most difficult to dispose of at the end of their life. VinFast aims to make battery maintenance and replacement a non-issue for EV drivers with its innovative subscription program. This program allows you to pay monthly for the use of your battery, which will be replaced as soon as it drops to 70% of its original capacity for holding a charge. Increasing Demand Due to High Gas Prices Fuel prices continue to rise, putting the pinch on drivers with conventional internal combustion engines (ICE). This will push demand for EVs, especially as range and charging speeds continue to improve. A Focus on Recycling We’re already seeing more and more drivers asking about the end-of-life for batteries, and what that might mean for the environment. Rapid development in battery recycling technology, including the VinFast investment in Li-Cycle’s Spoke and Hub system,…

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1 year, 11 months ago

Why VinFast Uses Li-ion Batteries In Its EVs

Lithium-ion (Li-ion) batteries are one of the most popular types of battery for use in EVs. They’re also used in consumer electronics, laptops and other portable devices. The key advantages to Li-ion batteries include their high energy density, low self-discharge rate and long cycle life. Below we’ll discuss each of these characteristics and why they make Li-ion batteries so desirable for use in consumer electronics products. The ability to store large amounts of electricity at a low weight is especially useful for EVs since it allows them to travel further between charges than combustion engines do on gasoline or diesel fuel alone. Battery Cost Li-ion batteries have a high initial cost, but they’re cheaper than nickel cadmium batteries. The cost of Li-ion batteries is expected to decrease as technology improves. Energy Density One of the most important things to consider when choosing a battery is its energy density. Energy density, or power density, is the amount of stored energy in a battery. It’s measured in watt-hours per liter (Wh/L) or watt-hours per kilogram (Wh/kg). Li-ion batteries provide exceptional capacity with the highest energy density in the rechargeable-battery market (100–265 Wh/kg). This makes charging a Li-ion battery simpler, faster, and more…

editor03

1 year, 11 months ago

VinFast To Launch Scalable Advanced Driver Assistance Systems

Advanced Driver Assistance Systems (ADAS) are designed to eliminate human error when operating vehicles of all types. ADAS uses advanced technologies to assist drivers, thereby improving their performance. But what exactly are these systems and why do we need them? While the answer to that question is complicated, it starts with the basics—ADAS help prevent accidents and save lives. Why Do We Need ADAS? While you may have heard of ADAS, you might not know why we need these assistance systems. There are several good reasons why ADAS should be incorporated into your new ride: They reduce accidents. Autonomous vehicles can eliminate many of the common causes of collisions—from distracted driving to drunk driving—which will help reduce accidents. They reduce traffic congestion. As autonomous vehicles become more common, they’ll start replacing cars that are driven by humans, especially in urban areas where traffic is most congested.. They save you money. Without needing gas or insurance payments (and with fewer accidents), self-driving cars could save their owners money on transportation costs over time. Introduction to ADAS ADAS is a collection of technologies that help drivers avoid collisions and stay in their lanes. These systems are designed to be as unobtrusive as…

editor03

1 year, 11 months ago

Ten Must-Have Tech Options For Your Next Car

In the early 2000s, most advanced tech and convenience features were limited to ultra-luxury and high-performance vehicles with price tags upwards of $75,000. As technology has become a much larger part of our everyday lives, nearly all automakers have begun adding a significant number of these features to all their vehicles. These days, you can get a slew of modern convenience options on new cars for much less! When it comes to vehicle tech and electronics, you really don’t know what you’re missing until you have them and are able to use them on a regular basis. They make driving immensely more entertaining and can often take the boredom out of driving long distances on road trips or even just your daily commute. In this blog, we’ll detail the top 10 tech features you must have in your next vehicle and why they’re so vital. Heated Seats and Steering Heated seats and steering are essential for North American drivers in the winter. Those who have driven with leather seats understand the struggle of driving for several minutes in a freezing cold seat while holding onto an equally frigid steering wheel. Although the heater may increase the temperature of the vehicle’s…

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1 year, 11 months ago