Following recent Q4 2023 results that relayed a miss on annual delivery targets, Vietnamese EV automaker VinFast continues to bolster its global presence with the help of distribution specialists. Today, VinFast and a local dealer network in the Middle East signed an agreement to bring the former’s EVs to the region.
2023 was a big year for young EV automaker VinFast ($VFS), which saw revenues rise, but deliveries slip due to several issues. Since parent company VinGroup opened up its automotive arm in Vietnam, we’ve witnessed VinFast continue to expand to new markets, including Indonesia, the US, Canada, Europe, and most recently, India – all while unveiling more all-electric models like the VF 3 compact SUV and an electric pickup concept called the Wild.
VinFast it taking a unique approach to its business in that it is simultaneously working to balance revenue growth through cost optimization while trying to manufacture and deliver 100,000 EVs. Not to mention also trying to expand at a blazing rate.
To do so, the Vietnamese automaker has begun relying on dealership partners in certain markets, like the US, for instance. As VinFast hones in on new markets in the Middle East, it has announced a new distribution partner to aid in the process.
Source: VinFast
VinFast signs with BAT to sell EVs in the Middle East
Per a release from VinFast today, it has signed an agreement with Bahwan Automobiles Trading LLC (BAT), which has become the automaker’s official dealer and will aid in distributing its EVs in the Oman market.
As part of the agreement, BAT will establish and operate 13 VinFast stores and service centers over the next three years, with initial sales in the Middle East commencing in mid-2024. To begin, BAT will sell four VinFast SUV models: the VF 6, VF 7, VF 8, and VF 9.
The deal follows an initial Memorandum of Understanding for Cooperation signed by VinFast and BAT at the United Nations Climate Change Conference 2023 (COP 28), held in the United Arab Emirates (UAE) last year. VinFast Middle East CEO Ta Xuan Hien spoke:
Oman presents a promising market for electric vehicles, as consumers in the nation demonstrate a growing interest in sustainable and environmentally friendly transportation solutions. We are confident that this dealer sales agreement with BAT, a leading and highly reputable dealer in Oman, will empower VinFast to swiftly establish a presence in the market and provide customers in the country with the most diverse and high-quality selection of electric vehicles available.
VinFast pointed out that the Omani government has already implemented several initiatives to encourage EV adoption and reduce carbon emissions in the Middle East. The Vietnamese automaker sees Oman as a new market that promises plenty of projected growth.
With EVs now coming to Oman, VinFast shared intentions to eventually expand to more regions of the Middle East to ensure more consumers gain access to its sustainable technology.
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Acura is bringing back the RSX, but you wouldn’t recognize it. It’s now a sporty electric SUV, and a fairly impressive one at that. It’s also the first electric vehicle built on Honda’s new Zero global EV platform.
Honda’s all-electric vehicle offering is quite limited – especially in North America.
It only sells the Prologue and Accura ZDX, which are based on GM’s Equinox EV. In Asia and Europe, the Japanese automaker has more electric models, but its efforts are still very much fragmented.
Now, it is preparing to launch a series of new EVs based on its in-house global EV platform: Zero.
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Today, Acura is unveiling what should become the first vehicle on the platform: the Acura RSX concept.
This is still only a concept, but Acura says that it’s a good preview for the final vehicle that will go into production at Honda’s new EV hub in Ohio during the second half of 2026.
It will be built on the same production line as the Acura Integra, which can get a bit confusing since the name RSX was also used for the Integra in some markets during the original run in the 90s.
But the name is about the only thing that the current Integra and the RSX concept share. You won’t confuse the sporty sedan with this all-electric performance SUV.
Lance Woelfer, vice president of Auto Sales at American Honda Motor Co, commented on the new concept:
“The dramatic styling of our Acura RSX Prototype demonstrates that it’s not just a new EV, but a compelling all-new Acura model. RSX will deliver on nearly four decades of Acura Precision Crafted Performance brand DNA with appealing design and cutting-edge technology.”
Acura took advantage of the freedom given by the new EV platform it’s based on and delivered a vehicle with a sleek yet aggressive design.
Yasutake Tsuchida, Acura Creative Director and vice president of American Honda R&D, said that the design aimed at “excellent aerodynamic” performance:
“The Acura RSX has a sporty coupe style that expresses the performance that comes from excellent aerodynamics. Starting from this all-new RSX we will redefine the Acura brand around timeless beauty and a high-tech feel that is essential for a performance and unique brand.”
For now, the design is the primary information available about the Acura RSX, as the company hasn’t shared specifications yet. I am with Acura at the Monterey Car Week for the next few days, and I’ll do my best to gather more details.
In the meantime, we know that it will be equipped with a potent dual-motor all-wheel drive powertrain, sport-tuned double wishbone front suspension, a low center-of-gravity and Brembo brakes, and Acura is talking about all this being standard in the new RSX.
Acura is also talking about having “the brand’s top-of-class driver assistive technologies.”
With the ability to run various applications on the Acura RSX, similar to operating systems found on smartphones, ASIMO OS will offer a personalized experience that will enhance the joy of driving and the ownership experience. ASIMO OS will utilize OTA updates to bring new customizable features and services to the RSX to enhance the ownership experience.
It will also have machine learning capabilities, enabling it to learn about how you like to use your car and personalize to your specifications.
Last but not least, Acura has already confirmed that the RSX will be capable of bi-directional charging. The details are not available yet, but the automaker is talking about powering devices from the vehicle (V2X) and providing back power to your home (V2H).
The prototype is at Pebble Beach this week if you want to check it out. We certainly will, and we will report back with more.
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A new report claimed that Lucid Motors’ (LCID) new Gravity SUV had just nine registrations in its first six months. Lucid denied the rumors, telling us Gravity deliveries are “well into the 3-digit range.”
Lucid denies rumors of slow Gravity SUV sales
There’s no denying that the Gravity is an impressive electric SUV. It can drive up to 450 miles on a single charge and has more interior space than a Ford Explorer. With up to 828 hp, it’s also faster than most sports cars.
However, a new Automotive News report claimed the Gravity only managed to secure nine registrations in its first six months on the market, citing S&P Global Mobility data.
Nick Twork, Lucid’s head of communications, confirmed in an email to Electrek that the claim is “completely inaccurate.”
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Twork added that “a quick review of social media postings from our customers shows that those numbers are simply not credible.” Although Lucid doesn’t provide a breakdown, Gravity deliveries are “well into the 3-digit range,” he said.
Lucid Gravity Grand Touring (Source: Lucid)
In the second half of the year, Lucid expects the Gravity SUV to account for the majority of production and deliveries.
The EV maker anticipates a significant ramp-up in production during the second half of the year. On the company’s second-quarter earnings call, interim CEO Marc Winterhoff said that after overcoming most of the supply chain issues, including the industry-wide magnet shortage, the company was “beginning to ramp up Lucid Gravity production.”
Lucid Gravity electric SUV at a Tesla Supercharger (Source: Lucid Motors)
Winterhoff added that “our daily order rate has nearly doubled” since introducing Gravity models in its studios and offering test drives.
If it weren’t for Lucid’s quick actions, the company would have had to halt production in the second quarter. Instead, Lucid produced just over 6,000 vehicles in the second quarter.
Lucid Air (left) and Gravity (right) Source: Lucid
During an interview with CNBC the following day, Lucid’s CEO stated that the company now has the raw materials, earth magnets, and licensing for the remainder of the year.
Lucid has reduced its production goal for 2025 from 20,000 to between 18,000 and 20,000 units. The company cited a changing market as the reason for the updated range.
The EV maker also scored a partnership with Uber and Nuro to launch 20,000 Gravity robotaxis over the next six years. Uber is investing $300 million into Lucid as part of the deal.
Meanwhile, Lucid’s Air remained the best-selling luxury electric sedan in the US. The Air outsold the Tesla Model S, Porsche Taycan, and even most gas models in its segment in the first half of 2025.
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Ford’s next “Model T” is a midsize electric pickup that will start at around $30,000. The new model will be the first of a family of affordable electric vehicles based on the new Ford Universal EV Platform. As Ford shifts to lower-cost EVs, a few popular SUVs you may recognize are getting axed.
Ford’s new $30,000 EV pickup will replace gas SUVs
At its Louisville, Kentucky, plant on Monday (see our recap of the event), Ford revealed plans to build a new midsize EV pickup, claiming it will have a lower cost of ownership than a Tesla Model Y.
It will also have more interior space, thanks to its new “Ford Universal EV Platform,” which was also unveiled during the event.
The platform will underpin a series of new affordable electric cars that Ford promises will compete with the best. Ford is set to begin production of the new midsize EV pickup in 2027 at the Louisville Assembly plant, meaning it will need to clear room.
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Ford currently builds the Escape and Lincoln Corsair at the facility, both of which will be retired. The Ford Escape and Lincoln Corsair will officially be discontinued after the 2026 model year.
CEO Jim Farley presents the Ford Universal EV Platform in Kentucky (Source: Ford)
The announcement came as a shock to some, as the Escape is Ford’s second-best-selling SUV, behind the Explorer. It even outsold the Bronco Sport in the first half of the year (82,589 vs 72,438).
The Corsair is the second-best-selling Lincoln brand model through June, behind the Nautilus, with 13,096 units sold.
Ford Universal EV Platform (Source: Ford)
Although production is slated to end later this year, Ford confirmed the SUVs will continue to be sold well into 2026.
Ford has invested around $5 billion in its Louisville Assembly Complex, creating nearly 4,000 jobs, as it prepares for its next generation of electric vehicles. It will begin with Ford’s new midsize EV pickup, which is expected to launch in 2027 with a starting price of around $30,000.