Vietnam’s new car maker debuts with two models at Paris Motor Show

Reading Time: 2 minutes

VinFast, Vietnam’s new home-grown car manufacturer and a subsidiary of Vietnamese industry conglomerate VinGroup, unveiled its first two passenger vehicles, a saloon and an SUV, to large crowds of curious journalists at the Paris Motor Show on October 2. The cars were presented by British football star David Beckham and Miss Vietnam, Tran Tieu Vy.

The two models were the VinFast Lux A2.0 sedan and the Lux SA2.0. Under the bonnet, both vehicles are powered by a 2.0-liter turbocharged four-cylinder sourced from German premium car maker BMW. The engine is available in 174hp and 228hp, but don’t feature BMW’s Valvetronic technology. Both versions are available in the sedan, but only the more powerful variant is available in the heavier crossover.

The BMW connection stretches even further, because the two cars use superseded BMW platforms. The A2.0 sedan is based on the previous-generation 5 Series platform, while the SA2.0 uses the old X5 as its base. Both cars come with rear-wheel drive and an eight-speed automatic as standard, while the SA2.0 also available in all-wheel drive.

The design of the cars has been developed following an unusual nationwide poll of 62,000 people in Vietnam, in which participants chose their favourite design from a range of sketches. The results are sleek, modern and clearly inspired by Italian car design.

VinFast has not revealed any concrete price range, but indicated it will sell “high-end cars at reasonable prices” first in Vietnam by the end of 2019 and later for export.

Industry analysts say vehicle prices depend on multiple factors such as dimensions, comfort, vehicle safety technology, operation, design as well as production, assembly and localisation.

The marketing and sales director for a Japanese automaker who watched the presentation said he believes that reasonable price tags for the sedan and SUV should fall approximately below 1 billion dong ($42,800) and 1.2 billion dong ($51,300), respectively.

Both cars are due to enter series production in September next year at a former General Motors factory in Hai Phong, around 110 kilometers east of Hanoi.

VinFast has also procured the rights to build the Vauxhall Viva/Opel Karl, which will be redesigned to fit within VinFast’s design language. The as-yet unnamed car will be sold as a taxi with a 1.0-liter engine and manual transmission, while a more powerful 1.4-liter model with automatic transmission will be sold to the general public.

The startup automaker aims to be producing 500,000 cars per year by 2025, and reportedly also has an electric bus and electric scooter in the works.

VinFast is said to have earmarked $3.5 billion to get things off the ground. This investment represents considerable diversification for the vast VinGroup conglomerate, which has assets worth a reported $9 billion across a portfolio including amusement parks, supermarkets, beauty stores, hospitals, schools, universities and agricultural businesses.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 2 minutes

VinFast, Vietnam’s new home-grown car manufacturer and a subsidiary of Vietnamese industry conglomerate VinGroup, unveiled its first two passenger vehicles, a saloon and an SUV, to large crowds of curious journalists at the Paris Motor Show on October 2. The cars were presented by British football star David Beckham and Miss Vietnam, Tran Tieu Vy.

Reading Time: 2 minutes

VinFast, Vietnam’s new home-grown car manufacturer and a subsidiary of Vietnamese industry conglomerate VinGroup, unveiled its first two passenger vehicles, a saloon and an SUV, to large crowds of curious journalists at the Paris Motor Show on October 2. The cars were presented by British football star David Beckham and Miss Vietnam, Tran Tieu Vy.

The two models were the VinFast Lux A2.0 sedan and the Lux SA2.0. Under the bonnet, both vehicles are powered by a 2.0-liter turbocharged four-cylinder sourced from German premium car maker BMW. The engine is available in 174hp and 228hp, but don’t feature BMW’s Valvetronic technology. Both versions are available in the sedan, but only the more powerful variant is available in the heavier crossover.

The BMW connection stretches even further, because the two cars use superseded BMW platforms. The A2.0 sedan is based on the previous-generation 5 Series platform, while the SA2.0 uses the old X5 as its base. Both cars come with rear-wheel drive and an eight-speed automatic as standard, while the SA2.0 also available in all-wheel drive.

The design of the cars has been developed following an unusual nationwide poll of 62,000 people in Vietnam, in which participants chose their favourite design from a range of sketches. The results are sleek, modern and clearly inspired by Italian car design.

VinFast has not revealed any concrete price range, but indicated it will sell “high-end cars at reasonable prices” first in Vietnam by the end of 2019 and later for export.

Industry analysts say vehicle prices depend on multiple factors such as dimensions, comfort, vehicle safety technology, operation, design as well as production, assembly and localisation.

The marketing and sales director for a Japanese automaker who watched the presentation said he believes that reasonable price tags for the sedan and SUV should fall approximately below 1 billion dong ($42,800) and 1.2 billion dong ($51,300), respectively.

Both cars are due to enter series production in September next year at a former General Motors factory in Hai Phong, around 110 kilometers east of Hanoi.

VinFast has also procured the rights to build the Vauxhall Viva/Opel Karl, which will be redesigned to fit within VinFast’s design language. The as-yet unnamed car will be sold as a taxi with a 1.0-liter engine and manual transmission, while a more powerful 1.4-liter model with automatic transmission will be sold to the general public.

The startup automaker aims to be producing 500,000 cars per year by 2025, and reportedly also has an electric bus and electric scooter in the works.

VinFast is said to have earmarked $3.5 billion to get things off the ground. This investment represents considerable diversification for the vast VinGroup conglomerate, which has assets worth a reported $9 billion across a portfolio including amusement parks, supermarkets, beauty stores, hospitals, schools, universities and agricultural businesses.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid