VinFast unrolls ambitious plan to sell more cars to Americans

Published

1 year ago

January 8, 2024

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Vietnamese EV maker VinFast has 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, with plans to expand the network to 125 points of sale across the country.

After opening up its first dealership in North Carolina at the end of December, VinFast has announced partnerships 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.

VinFast is also building its $4 billion EV factory in Chatham County, North Carolina. North Carolina’s VinFast manufacturing plant is expected to produce as many as 150,000 vehicles annually after it is completed in 2025.

VinFast targets US market with new dealerships in more states

After a lackluster and delayed launch of its VF 8 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’s direct-to-consumer model, to what it calls a “hybrid” model that includes dealers.

“This is an important step affirming VinFasts commitment to expanding its retail sales network and shortening the time to deliver our products to market,” said Tran Mai Hoa, deputy CEO of sales and marketing. She added: “Collaboration 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.”

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’s founding. Current CEO Le Thi Thu Thuy will become head of the board of directors, according to a statement from VinFast.

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

VinFast-$20,000-electric-car — VinFast VF 3 (Source: VinFast)

In its home country, VinFast has recently launched a $20,000 electric minicar called the VF 3, and Electrek has 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.

Electrek’s Take

VinFast has made its mark on its home turf in Vietnam, but in the US, it’s been a major underdog. Timing hasn’t been in its favor either, since it’s 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 – 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.

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Environment

Podcast: New Tesla Model Y unveil, Mazda 6e, Aptera solar car production-intent, more

Published

2 hours ago

January 10, 2025

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Podcast: New Tesla Model Y unveil, Mazda 6e, Aptera solar car production-intent, more

In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss the official unveiling of the new Tesla Model Y, Mazda 6e, Aptera solar car production-intent, and more.

The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel.

As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.

After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:

We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.

Here are a few of the articles that we will discuss during the podcast:

Here’s the live stream for today’s episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET):

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Environment

BYD’s new Han L EV just leaked in China and it’s a monster

Published

2 hours ago

January 10, 2025

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BYD's new Han L EV just leaked in China and it's a monster

The Chinese EV leader is launching a new flagship electric sedan. BYD’s new Han L EV leaked in China on Friday, revealing a potential Tesla Model S Plaid challenger.

What we know about the BYD Han L EV so far

We knew it was coming soon after BYD teased the Han L on social media a few days ago. Now, we are learning more about what to expect.

BYD’s new electric sedan appeared in China’s latest Ministry of Industry and Information Tech (MIIT) filing, a catalog of new vehicles that will soon be sold.

The filing revealed four versions, including two EV and two PHEV models. The Han L EV will be available in single- and dual-motor configurations. With a peak power of 580 kW (777 hp), the single-motor model packs more power than expected.

BYD’s dual-motor Han L gains an additional 230 kW (308 hp) front-mounted motor. As CnEVPost pointed out, the vehicle’s back has a “2.7S” badge, which suggests a 0 to 100 km/h (0 to 62 mph) sprint time of just 2.7 seconds.

To put that into perspective, the Tesla Model S Plaid can accelerate from 0 to 100 km in 2.1 seconds. In China, the Model S Plaid starts at RBM 814,900, or over $110,000. Speaking of Tesla, the EV leader just unveiled its highly anticipated Model Y “Juniper” refresh in China on Thursday. It starts at RMB 263,500 ($36,000).

BYD already sells the Han EV in China, starting at around RMB 200,000. However, the single front motor, with a peak power of 180 kW, is much less potent than the “L” model. The Han EV can accelerate from 0 to 100 km/h in 7.9 seconds.

At 5,050 mm long, 1,960 mm wide, and 1,505 mm tall with a wheelbase of 2,970 mm, BYD’s new Han L is roughly the size of the Model Y (4,970 mm long, 1,964 mm wide, 1,445 mm tall, wheelbase of 2,960 mm).

Other than that it will use a lithium iron phosphate (LFP) pack from BYD’s FinDreams unit, no other battery specs were revealed. Check back soon for the full rundown.

Source: CnEVPost, China MIIT

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Environment

Tenways’ new chain-drive CGO600 Pro e-bike returns to $1,399 low, ALLPOWERS New Year sale, Camplux water heater lows, Anker, more

Published

4 hours ago

January 10, 2025

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Tenways' new chain-drive CGO600 Pro e-bike returns to ,399 low, ALLPOWERS New Year sale, Camplux water heater lows, Anker, more

Today’s Green Deals are closing out the week by headlining Tenways’ new 8-speed CGO600 Pro e-bike that is getting $118 in free gear while down at its $1,399 low during the brand’s New Year sale, with the other models seeing similar offers. We also have New Year savings from ALLPOWERS across a collection of power stations and bundle packages, with bonus gifts and extra 10% off promotions – all starting from $89. For folks struggling to enjoy shower time, Camplux’s 18kW and 27kW Electric Tankless Water Heaters sitting at their lowest rates from $240 for the time being. We also spotted a further drop in price on Anker’s SOLIX C200 DC 60,000mAh Power Bank Station to its all-time low of $100 too. Plus, all the other hangover Green Deals can be found in the links at the bottom of the page, like yesterday’s phase 2 of EcoFlow’s New Year sale, the $1,000 in savings on LG’s all-in-one washer/dryer combo, and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Tenways returns new 8-speed CGO600 Pro e-bike with free gear to $1,399 low in New Year sale ($500 off)

Tenways is wishing folks a happy 2025 by launching a New Year flash sale that is bringing back some Black Friday pricing while the month is still fresh, complete with price cuts and extra savings in promo code form. The most notable model benefitting from this sale is the new CGO600 Pro 8-speed chain-drive e-bike for $1,399 shipped, after using the promo code HAPPY2025TW at checkout to save the extra $200. This new model was released back in October carrying a $1,899 price tag, which cut down costs in the brand’s Black Friday and Christmas sales – first to the $1,399 low, next to $1,599. That same low price is returning again today for the second time, saving you $500. Tenways’ more veteran belt-drive CGO600 Pro e-bike is also down at $1,399 shipped, after using the promo code, its second-lowest rate sitting $100 above its Black Friday low. There are also extra savings for medical providers, military members, first responders, and teachers, with verification slashing an additional $150 off your purchase.

Ideal for folks who enjoy active cycling but also want the option for electric support, Tenways’ CGO600 Pro e-bike weighs in at just 37 pounds, making it very manageable in urban environments. You won’t find any throttle on this model, as the cut-down weight partly comes from the smaller 350W rear hub motor and 360Wh battery, which still provide significant support via four PAS levels (activated with a torque sensor) that cover your efforts for up to 53 miles on one charge, topping out at 20 MPH speeds.

As stated before, Tenways offers two drivetrain options for the CGO600 Pro e-bikes – either the Gates carbon belt drive for quieter operations or the new 8-speed Shimano drivetrain (which also gets the brand’s newest motor too). Aside from those big differences, you’ll enjoy the same features elsewhere on the bikes, with internally routed cables for a streamlined look, LED lighting, puncture-proof tires, Tektro dual-piston hydraulic brakes, and a compact OLED display for controls. You’ll also be getting $118 in free gear in the form of lightweight mudguards and a kickstand.

***Note: The prices below have had the additional $200 promo code factored in – but be sure to use it (HAPPY2025TW) at checkout to maximize savings!

Tenways New Year flash sale e-bike discounts:

CGO800S Step-Thru Commuter e-bike: $1,599 (Reg. $1,999)
- 20 MPH for up to 53 miles
- Turn-signaling and color display
- comes with $227 in free gear
AGO X Step-Over Urban e-bike: $1,799 (Reg. $2,499)
- 20 MPH for up to 62 miles
- Shimano 10-speed drivetrain
- comes with $307 in free gear
AGO T Step-Thru Premium e-bike: $2,499 (Reg. $2,699)
- 20 MPH for up to 62 miles
- Enviolo stepless shifting hub
- comes with $178 in free gear

ALLPOWERS is helping folks prep for the rest of the year with its New Year sale through January 26 that is taking up to 48% off its backup power units, with orders also getting an additional 10% struck from the price thanks to the promo code AF2025 being used at checkout, as well as some bonus gifts. One of the brand’s best-selling solar generator packages, the R2500 Portable Power Station paired with a 200W solar panel has been dropped to $1,043.10 shipped, after using the promo code AF2025 at checkout for the additional 10% in savings. This combination would normally cost you $1,599 at full price, with this sale dropping it lower than we’ve ever seen direct from ALLPOWERS. While we have seen it go lower at third-party dealers over on Amazon, this is still a solid $556 in savings, dropping it amongst the lowest tracked rates there.

As we’ve seen with similar sales, aside from the 10% off promo code for your total order, ALLPOWERS is also giving away free gifts at certain thresholds while its New Year sale continues. You’ll receive a free 100W solar panel on orders over $1,800 or a free 200W solar panel on orders over $2,800.

Ready to cover your trips out of the home or even support appliances through blackouts, ALLPOWERS’ R2500 power station offers a 2,016Wh LiFePO4 capacity housed within a streamlined formfactor. It’s capable of power output up to 2,500W regularly through its 14 port options, able to peak up to 4,000W for larger appliance needs. There are four ways to recharge the unit’s own battery, with an AC wall outlet taking 1.3 hours to refill its capacity, or you can solar charge in 2 hours with its maximum 1,000W solar input connected. That timeframe can be cut down further to just one hour if you take advantage of its dual AC and solar capabilities, or you can hook it up to your car when you’re in a bind to fill it by the other means.

***Note: The additional 10% in savings has not been factored into the prices below, as the discount takes the percentage off your cart’s entire order – don’t forget to use the code AF2025 for the best prices!

ALLPOWERS best-selling New Year sale bundles:

ALLPOWERS best New Year sale power bank/station deals:

ALLPOWERS best New Year sale expansion power deals:

ALLPOWERS best New Year sale solar generator bundles:

ALLPOWERS New Year sale add-on deals:

Keep it steamy with Camplux’s 18kW and 27kW electric tankless water heaters at lowest prices from $240

Through its official Amazon storefront, Camplux is offering its 18kW Electric Tankless Water Heater at $239.99 shipped. This unit would normally cost you $350 at full price, with discounts often keeping prices above $280, aside from the one previous drop to the $240 low at the end of summer. Today’s deal is cutting $110 off the going rate, giving you a second chance at the lowest price we have tracked.

Nothing beats a nice hot shower, especially in the middle of winter. Camplux’s 18kW unit not only ensures things stay steamy, but its compact form factor ensures far less space is taken up compared to traditional water heaters. Once installed, according to Camplux, you won’t have to “wait more than 3 seconds to get plenty of hot water,” with the fast-heating low-consumption heating rods boasting “efficiency up to 99.8% and saving 60% water heating costs for your home.” There are plenty of safety protections built right in, like against overheating, anti-dry heating, water-electricity separation, and more. Do keep in mind though that it requires a minimum 0.66GPM water flow to activate, as well as two double-pole 40A breakers, a wire gauge of 2 x 8 AWG, and a 3/4-inch NPT connection.

Of course, depending on your home’s size and the number of people expected to use the shower, or even how many water sources will be supplied from the unit, you may want to consider something bigger. Right now, you can instead grab the Camplux 27kW model down at a new low of $259.99, a drop from its usual $450. Not only does it promise round the clock hot water delivery, but it’s also rated for multiple points of use over small models.

Anker’s new SOLIX C200 DC 60,000mAh power bank station falls to $100 low

Anker’s official Amazon storefront is offering a return to the best rate on its latest SOLIX C200 DC 60,000mAh Power Bank Station going for $99.99 shipped. Normally this newer model would run you $170 at its full rate, which has seen a few discounts since releasing a few months ago, the biggest of which saw a drop to the $100 low with Cyber Monday savings. With this deal coming in today, you’re getting another shot at its Cyber Monday pricing, saving you $70 as it returns to the lowest price we have tracked. It even beats out Anker’s direct website right now, where it is priced at $110.

Anker’s SOLIX C200 DC power bank station is a smaller and more compact version of the brand’s new C300 DC and AC models, coming in with a slightly smaller 60,000mAh/192Wh LiFePO4 capacity. It delivers up to 300W of output power to your devices through its five port options (two USB-As, one 140W USB-C, one 15W USB-C, one car port). You can refill the units own battery via three ways, with its 140W USB-C port giving you an 80% charge in 1.3 hours through a wall outlet, or you can utilize up to 100W of solar input or the car port for 80% in 1.6 hours.

You’ll also find the larger 90,000mAh C300 DC and C300 AC models matching their direct Anker discounts at Amazon for $180 and $200 at the moment. Not only are you getting the expanded 90,000mAh LiFePO4 capacity here, but they also come sporting different variations of built-in lights for camping trips. You can get the full rundown on its other capabilities in our launch coverage here.

Best New Year e-bike deals!

MOD Easy SideCar Sahara: $3,499 (Reg. $3,899)
Segway Xyber e-bike (new model preorder): $2,800 (Reg. $3,000)
Segway Xafari e-bike (new model preorder): $2,200 (Reg. $2,400)
MOD Easy 3 e-bike: $2,199 (Reg. $2,399)
RadRunner 3 Plus Utility e-bike with extra battery: $2,199 ($2,698)
Lectric XPedition 2.0 35Ah Cargo e-bike w/ $654 in free gear (new): $1,999 (Reg. $2,653)
MOD City+ Step-Thru 3 Folding e-bike: $1,799 (Reg. $1,999)
MOD Berlin Step-Thru 3 e-bike: $1,799 (Reg. $1,999)
Lectric XPedition 2.0 26Ah Cargo e-bike w/ $505 in free gear (new): $1,699 (Reg. $2,204)
Lectric XPeak 2.0 Long-Range e-bike w/ $365 in free gear (new): $1,599 (Reg. $1,964)
Aventon Pace 500.3 Step-Over e-bike with free extra battery: $1,599 (Reg. $1,799)
Aventon Pace 500.3 Step-Through e-bike with free extra battery: $1,599 (Reg. $1,799)
Rad Power RadExpand 5 Folding e-bike with extra battery: $1,599 (Reg. $2,098)
Lectric XP Trike with $419 in free gear: $1,499 (Reg. $1,918)
Rad Power RadRover 6 Plus Step-Thru Fat-Tire e-bike: $1,399 (Reg. $1,599)
Lectric XPeak 2.0 Standard e-bike with $316 in free gear (new): $1,399 (Reg. $1,715)
Lectric XPeak 1.0 Step-Thru e-bike with $727 in free gear (extra battery): $1,399 (Reg. $2,126)
Lectric XPedition 2.0 13Ah Cargo e-bike with $326 in free gear (new): $1,399 (Reg. $1,725)
Velotric Nomad 1 Plus e-bike: $1,399 (Reg. $1,799)
Tenways CGO600 Pro e-bikes with $118 in free gear (code HAPPY2025TW): $1,399 (Reg. $1,899)
Velotric T1 ST Plus e-bike: $1,299 (Reg. $1,549)
Lectric XPress 750 High-Step with $128 in free gear: $1,299 (Reg. $1,427)
Lectric XP 3.0 Long-Range e-bikes with $117 in free gear: $1,199 (Reg. $1,316)
Velotric 2024 Discover 1 Plus Commuter e-bike: $1,199 (Reg. $1,599)
Lectric XP 3.0 e-bikes with $117 in free gear: $999 (Reg. $1,116)
Aventon Soltera.2 Urban Commuter e-bike: $999 (Reg. $1,199)
Heybike Mars 2.0 Folding Fat-Tire e-bike with free gear: $999 (Reg. $1,499)
Vanpowers UrbanGlide-Ultra Commuter e-bike (code 9TO5BIKE10): $1,034 (Reg. $2,499)
Vanpowers UrbanGlide-Pro Commuter e-bike (code 9TO5BIKE10): $809 (Reg. $1,899)
Vanpowers UrbanGlide-Standard Commuter e-bike (code 9TO5BIKE10): $674 (Reg. $1,099)
Vanpowers City Vanture e-bike (code 9TO5BIKE10): $629 (Reg. $1,699)

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.