VINFAST IS COOKED

EV Channels Review

The reviewer investigates the rapidly declining presence of VinFast dealerships in the United States, finding that many have closed or transitioned to service centers only. The video highlights the brand's struggles, citing poor reviews for buggy, unsafe, and structurally unsound vehicles. Despite aggressive lease deals, consumer trust is low due to the brand's unproven nature. The reviewer notes that VinFast failed to offer competitive pricing, build quality, safety, range, or design compared to established automakers. The analysis concludes that VinFast's business model, including its initial battery leasing plan and EV-only strategy without a strong dealer network, was fundamentally flawed for the US market. The reviewer predicts VinFast will likely withdraw from the US market within the year, deeming the brand's attempt to succeed with an unproven product and high prices as having "no snowball" chance from the start.