Vietnamese EV Maker VinFast Aims To Take On Tesla, Mercedes And BMW With Its 10-Year Warranty Plan
Portfolio Pulse from Anan Ashraf
Vietnamese EV maker VinFast is offering a 10-year or 125,000 miles bumper-to-bumper warranty on its new vehicles, far exceeding the basic warranty of four years offered by Tesla, BMW, and Mercedes. VinFast also provides a 10-year warranty on the battery and 24/7 emergency roadside assistance. The company entered the U.S. market in March and is expected to begin trading on the Nasdaq following a SPAC merger with Black Spade Acquisition Co.
August 11, 2023 | 3:09 am
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NEGATIVE IMPACT
BMW's basic warranty of four years is significantly less than VinFast's 10-year warranty, which could make VinFast's EVs more attractive to consumers.
The longer warranty period offered by VinFast could potentially attract customers away from BMW, negatively impacting BMW's sales and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Mercedes' basic warranty of four years is significantly less than VinFast's 10-year warranty, which could make VinFast's EVs more attractive to consumers.
The longer warranty period offered by VinFast could potentially attract customers away from Mercedes, negatively impacting Mercedes' sales and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla's basic warranty of four years is significantly less than VinFast's 10-year warranty, which could make VinFast's EVs more attractive to consumers.
The longer warranty period offered by VinFast could potentially attract customers away from Tesla, negatively impacting Tesla's sales and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Black Spade Acquisition Co is expected to merge with VinFast, with the latter's shares and warrants expected to begin trading on the Nasdaq soon.
The upcoming merger with VinFast and the subsequent listing on the Nasdaq could potentially increase the stock price of Black Spade Acquisition Co in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100