VinFast, a Vietnamese startup, is making waves in the electric vehicle market with its latest offering, the VinFast VF6. Despite a rocky start with poorly reviewed models, VinFast has not given up on its electric vehicle plans. The VF6, which is now open for reservations in France, Germany, and The Netherlands, is priced starting at around $36,000 for the Eco model. This model comes equipped with a 201-horsepower motor and a 59.6 kWh LFP battery, providing a range of up to 254 miles on the WLTP cycle.
The VF6 represents VinFast’s push to democratize EVs in Europe by offering a reasonably priced electric vehicle. The company believes that the VF6 could be a key tool in getting Europeans behind the wheel of affordable EVs. The car was initially shown as a preproduction concept three years ago, and it closely resembles the final production model that has been on Vietnamese roads for the past few months.
Mechanically, the VF6 is powered by a 201-horsepower motor driving the front wheels and features a 59.6 kWh LFP battery. The car also boasts a fully independent multi-link rear suspension, setting it apart from other small EVs in its class. VinFast emphasizes the affordability of the VF6, quoting Boston Consulting Group’s research on the importance of building affordable B-segment electric vehicles for the European market.
The VF6 is now available for reservations in France, Germany, and The Netherlands, with a starting price just under $36,000. While it may not be the cheapest EV in its segment, it offers a balance of power, range, and size that sets it apart from other competitors. The VF6 faces competition from models like the Leapmotor T03, Dacia Spring, and the Ford Puma Gen-E, but its combination of features and affordability make it a compelling option for European buyers looking to make the switch to electric vehicles. VinFast, the Vietnamese automaker, has been making waves in the electric vehicle market with its latest offering, the VF6. This compact electric SUV could potentially be a game-changer in Europe and the United States due to its unique positioning in the market.
One key advantage that the VinFast VF6 has is its origin. Being a Vietnamese product, it is not subject to the double-digit anti-Chinese tariffs that the EU has imposed on imported electric vehicles from China. This gives the VF6 a competitive edge in the European market, where consumers are increasingly looking for affordable and reliable electric vehicles.
But the appeal of the VF6 doesn’t stop at the absence of tariffs. The vehicle itself is well-executed and offers a compelling package for buyers. In comparison to its larger counterpart, the VF8, the VF6 is a more refined and practical option. With a competitive price point, the VF6 is poised to attract budget-conscious consumers who are looking for a reliable electric SUV without breaking the bank.
In the American market, where electric vehicles are gaining popularity, the VF6 could also find success. The combination of affordability, quality, and unique positioning could make it a surprise hit among consumers who are looking for an alternative to traditional gas-powered vehicles.
While it’s still early to predict the success of the VinFast VF6, there is reason for cautious optimism. With its right-sized design, competitive pricing, and unique positioning in the market, the VF6 has the potential to be a hit in both Europe and the United States. Only time will tell if VinFast has indeed struck gold with this new electric SUV.