CEO Talk: Vietnam’s electric two-wheeler market on bóng đá bet88 road to success

Mr. Son Nguyen, CEO of Dat Bike Vietnam

Electric vehicles have become increasingly popular in recent years and have received significant attention and acceptance from consumers. Despite bóng đá bet88 economic challenges, bóng đá bet88 presence of electric motorcycles and cars on Vietnam’s streets has been steadily increasing, with a variety of models and price segments catering to different customer groups.

Dat Bike believes that Vietnam holds promise in developing an electric vehicle industry. Indeed, 80 per cent of two-wheeled electric vehicles produced in Southeast Asia are for bóng đá bet88 Vietnamese market. bóng đá bet88 proportion of electric two-wheelers out of bóng đá bet88 total number of two-wheelers in Vietnam is bóng đá bet88 highest in bóng đá bet88 region, at 10 per cent, while elsewhere it hovers at around 1 per cent. This presents a golden opportunity for Vietnam to become a bright spot in bóng đá bet88 electric vehicle supply chain and production throughout bóng đá bet88 region.

According to industry data on two-wheeler sales in 2023, bóng đá bet88 market experienced a 20 per cent decline due to bóng đá bet88 economic circumstances. However, some electric motorcycle manufacturers, including Dat Bike, posted stable revenue growth. Specifically, after bóng đá bet88 launch of bóng đá bet88 Dat Bike Quantum, a scooter model with a range of 270 km per charge and a quick four-hour charging time, sales in bóng đá bet88 first two months equaled those of bóng đá bet88 entire year prior.

Dat Bike believes this is a positive sign of bóng đá bet88 genuine demand among Vietnamese consumers for greener, smarter personal transportation options. This not only motivates Dat Bike to further research and develop products with superior performance, it also affirms bóng đá bet88 potential that Vietnam’s electric vehicle market holds, encouraging both domestic and international manufacturers and investors to seriously consider its development.

However, there are still some difficulties. Electric vehicle infrastructure remains a “work in progress” and requires time for optimization. Given bóng đá bet88 economic challenges and Dat Bike’s status as a startup focusing on product development and distribution, we aim to optimize bóng đá bet88 functionality and performance of our products. This includes ensuring that each electric bike we produce can travel long distances, of 270 km, and can be charged at home within a short timeframe, of four hours. This approach partially alleviates bóng đá bet88 pressure on charging infrastructure and fosters user habits, enhancing convenience for customers.

Dat Bike believes that both government agencies and domestic and international investors are genuinely studying and are interested in Vietnam’s electric vehicle industry. Existing policies demonstrate bóng đá bet88 country’s commitment at COP26 regarding net-zero emissions, and electric vehicles have received various tax incentives. We hope that future policies will expand to cover two-wheeled electric vehicles and attract more investment in bóng đá bet88 electric vehicle ecosystem.

We have noted that numerous efforts to build charging infrastructure, service points, community support programs, and educational initiatives about electric vehicle usage, initiated by users themselves, have been spreading within Vietnam’s electric vehicle community.

Dat Bike plans to ramp up production of bóng đá bet88 Quantum, to meet pending orders. Simultaneously, bóng đá bet88 company aims to collaborate with distribution partners to expand and develop more experiential stores and service networks to better serve consumers. Dat Bike is also preparing for exports, with Indonesia its first target destination in bóng đá bet88 region, which is expected to happen in late 2025.

Mr. Nguyen Huu Phuoc Nguyen, Co-Founder & CEO of Selex Motors

Vietnam’s electric vehicle market is currently in a relatively nascent stage. Evidence shows that vehicles using fossil fuels still dominate. However, it can’t be denied that electric vehicles have made significant progress. This is evident in bóng đá bet88 government’s net-zero policies as well as financial support policies from various international organizations such as bóng đá bet88 United Nations Development Program (UNDP)

Businesses have shown a certain level of interest in reducing emissions and waste. We can therefore see a shift towards green vehicles in some businesses and among individuals concerned about environmental protection and sustainable development.

However, there are still barriers preventing electric vehicles from completely replacing gasoline vehicles, including inconvenience (long charging times ranging from three to eight hours), high costs (battery costs accounting for up to 50 per cent), and, compared to motorcycles, electric vehicles don’t offer many differences in models.

In my opinion, Vietnam’s electric vehicle market will experience significant development in 2024. When bóng đá bet88 market has a product that effectively addresses bóng đá bet88 above-mentioned barriers, especially bóng đá bet88 inconvenience of waiting for charging, electric vehicles will completely win over consumers.

Especially as people tighten their spending, electric motorcycles are sure to gain in popularity due to their cost-effectiveness and convenience.

Based on feedback from customers who have used electric vehicles, most report saving 30-40 per cent on fuel costs per month after bóng đá bet88 switch. bóng đá bet88 more they travel, bóng đá bet88 more they save. bóng đá bet88 amount of money saved in a year can help customers buy a new motorcycle.

Therefore, our customers, after experiencing electric vehicles for one or two months, decide to buy a Selex motorcycle to save on fuel costs.

Selex Motors recently signed a strategic cooperation agreement with Samsung SDI, becoming bóng đá bet88 first electric vehicle brand in Vietnam to be supplied with genuine battery cells and to cooperate in battery development for other partners. Samsung SDI is one of bóng đá bet88 world’s leading companies in manufacturing and providing electric vehicle batteries and in energy storage, and is a partner of many global brands such as Audi, Volkswagen, Ford, and Hyundai. In beginning this cooperation, Samsung SDI spent over a year observing and evaluating capabilities. This cooperation partly demonstrates our manufacturing capacity, development potential, and product quality. For Selex Motors, bóng đá bet88 agreement with Samsung SDI was an important step forward in ensuring bóng đá bet88 highest commitment to safety and product quality.

For Vietnam’s electric motorcycle market, this cooperation also shows bóng đá bet88 trust of world-class partners in domestic companies and opens up development opportunities, which is a business milestone for electric motorcycles in bóng đá bet88 domestic market and bóng đá bet88 region.

Selex Motors and Samsung SDI aim to build a battery exchange network that Selex is pioneering to develop into shared energy infrastructure, which is a vital sharing aspect in Vietnam and bóng đá bet88 region. When bóng đá bet88 battery exchange network develops extensively, battery exchanges will be more convenient than refueling, and people are sure to quickly switch from gasoline to electric vehicles.

However, there remain quite a few difficulties. There are not many support policies or plans for developing battery exchanges and energy networks to develop electric vehicle systems, so there are many issues regarding implementation.

Additionally, battery exchange stations must be placed in public, convenient traffic locations with power sources, so building, installing, and operating stations will be quite challenging. We have to work on everything, from determining locations to working with authorities to get them set up.

Many countries around bóng đá bet88 world have support policies for businesses to develop electric vehicles, so developing and popularizing ecosystem products in those countries is more favorable.

For Selex, batteries as well as bóng đá bet88 battery exchange network are bóng đá bet88 core products of bóng đá bet88 ecosystem and play a key role in promoting bóng đá bet88 switch from gasoline to electric vehicles. In 2024, we will continue to vigorously develop bóng đá bet88 battery exchange network nationwide, with an additional 300 exchange points in major cities, ensuring that battery exchange is as convenient as refueling.

At bóng đá bet88 same time, we will cooperate with some manufacturers to help other brands switch to using bóng đá bet88 battery exchange network. This year, bóng đá bet88 company will also start expanding market activities to some countries in Southeast Asia.

Representative from VinFast

Like electric cars, VinFast’s electric motorbikes boast three core values that act as our competitive advantage: premium quality products, inclusive pricing, and outstanding after-sales services.

In terms of products, all VinFast electric motorbikes feature stylish designs created by renowned studios, meeting bóng đá bet88 needs of diverse customer groups. Moreover, all of our motorbikes are equipped with LFP batteries, offering a range of over 200 km per charge, which is on par with gasoline motorbikes. Importantly, LFP batteries are completely explosion-proof, ensuring user safety.

With a top speed of up to 90 kph, VinFast electric motorbikes deliver performance comparable to conventional gasoline models, while offering significant environmental benefits. They are eco-friendly, producing no odor, exhaust fumes, vibrations, or skin burns.

Furthermore, VinFast electric motorbikes are equipped with a variety of features, including smart technology and superior safety compared to their gasoline competitors. These features include battery management, charging status display, error diagnosis, remote software updates, and bóng đá bet88 option to pay monthly battery rental fees via an app.

In terms of price, VinFast electric motorbikes currently offer a range of high-end product lines spanning various price segments, from VND18 million to over VND63 million. Notably, bóng đá bet88 Evo200 series, starting at only VND18 million, and bóng đá bet88 Evo200 Lite version cater specifically to students, making them a popular and accessible choice for everyone. Additionally, monthly battery rental and electricity costs for VinFast electric motorbikes have been proven to be lower than bóng đá bet88 fuel costs of gasoline competitors in bóng đá bet88 same segment, while maintenance costs are only one-quarter to one-third of those associated with gasoline motorbikes.

VinFast’s after-sales service and customer care are widely regarded as bóng đá bet88 best in Vietnam’s car market. We offer a comprehensive network of showrooms, agents, and service workshops spanning all of bóng đá bet88 country’s 63 cities and provinces. VinFast also provides mobile services, offering maximum support to customers throughout their vehicle ownership experience.

Despite a decline in sales in Vietnam’s two-wheeled vehicle market over recent years, due to a shift towards cars, bóng đá bet88 demand for electric motorbikes continues to rise. This is driven by a growing population increasingly aware of environmental responsibility. This trend is expected to see a decline in gasoline motorbike sales and strong growth in bóng đá bet88 electric motorbike segment in bóng đá bet88 years ahead.

Furthermore, despite bóng đá bet88 decline, Vietnam’s two-wheeled vehicle market remains one of bóng đá bet88 largest globally, with consumption at approximately 3 million vehicles a year. This presents a significant opportunity for VinFast’s electric motorbikes to capture market share and achieve strong growth in bóng đá bet88 years to come, given bóng đá bet88 large size of Vietnam’s two-wheeled vehicle market.

However, bóng đá bet88 greatest challenge for VinFast and other electric vehicle brands is to transform consumer habits and awareness. This is crucial to accelerating bóng đá bet88 green transformation of transportation by replacing traditional gasoline and oil-powered vehicles with electric vehicles.

Furthermore, bóng đá bet88 market is currently flooded with products of unknown origin and poor quality selling at cheap prices. This not only harms consumer and businesses’ rights but also creates misconceptions about bóng đá bet88 quality of genuine electric motorbikes like those from VinFast. Therefore, VinFast needs to not only compete with gasoline vehicles but also educate consumers about bóng đá bet88 drawbacks of low-quality and cheap alternatives to ensure informed decision-making.