A Vietnamese entrepreneur is planning to start manufacturing luxury electric cars, with the goal of producing 45,000 units per year. He has chosen to establish his factory in Vietnam, where labor costs are lower, and then assemble the cars in the United States. However, this strategy may not be the most profitable one.

The entrepreneur's decision to focus on high-end luxury electric cars, priced between $60,000 to $150,000, is likely a mistake. His target market for the high-end model is wealthy individuals who are accustomed to paying premium prices for luxury goods. In contrast, there is a growing demand for affordable electric cars that can be purchased by everyday people.

In recent years, Chinese companies have successfully established themselves in the electric car market by producing high-quality vehicles at competitive prices. For example, a $5,000 electric car with four seats has been selling well in China. The entrepreneur's decision to focus on luxury electric cars may not be the most savvy business strategy, as it may limit his appeal to a wider audience.

The production of luxury electric cars will likely involve high-end materials and advanced technology, which can drive up costs. Additionally, the entrepreneur's plan to assemble the cars in the United States may also increase costs due to tariffs and other regulatory requirements. In contrast, producing the vehicles in Vietnam and assembling them in the United States could potentially avoid some of these costs.

The entrepreneur's decision to start manufacturing luxury electric cars is likely a result of his desire to cash in on the growing demand for high-end electric vehicles. However, he may be underestimating the competition from established players in the market. Chinese companies have been successful in producing high-quality electric cars at competitive prices, and they may pose a significant challenge to the entrepreneur's business.

In contrast, affordable electric cars that can be purchased by everyday people are likely to be more popular in the long run. Companies that can produce high-quality vehicles at competitive prices will have an advantage in the market. The entrepreneur's focus on luxury electric cars may limit his appeal to a wider audience, making it harder for him to compete with established players in the market.

The production of electric cars in Vietnam and assembly in the United States is likely to be complex and costly. The entrepreneur's decision to take on this challenge may not be the most strategic one. Establishing a factory in the United States and assembling vehicles there can drive up costs due to tariffs and other regulatory requirements. In contrast, producing the vehicles in Vietnam and then transporting them to the United States could potentially avoid some of these costs.

One possible explanation for the entrepreneur's decision is that he wants to establish a presence in the United States and create jobs. However, this strategy may not be the most effective one, especially if the company is focused on luxury electric cars. The demand for affordable electric cars is likely to be higher in the long run, and companies that can produce high-quality vehicles at competitive prices will have an advantage in the market.

The entrepreneur's decision to start manufacturing luxury electric cars is a risk. While it may be possible to establish a successful business, there are many challenges ahead. The company will need to navigate complex regulatory requirements, establish relationships with suppliers, and compete with established players in the market. In contrast, companies that focus on affordable electric cars have a lower barrier to entry and can potentially achieve greater success.

Mr. Scott's experience with Pep Boys is a prime example of why some chain stores are no longer reliable options for car repair. He had made an appointment for oil change and tire rotation at 5:30 PM but was told that they didn't make appointments after 5:00 PM. The doors were locked, and the employees were leaving by 5:45 PM. Mr. Scott's experience is not unique; many people have reported similar experiences with Pep Boys.

The issue of employee morale and pay is a significant contributor to the decline of chain stores like Pep Boys. Employees who are not paid well or treated poorly are unlikely to provide good customer service. The entrepreneur's decision to focus on luxury electric cars may be influenced by his understanding of consumer behavior, but it does not necessarily mean that he has a better understanding of employee morale and pay.

In contrast, Mr. Scott's experience with Pep Boys highlights the importance of employee morale and pay in maintaining customer loyalty. Companies that prioritize treating their employees well and paying them fairly are more likely to attract and retain customers. The entrepreneur's decision to focus on luxury electric cars may be a strategic one, but it does not necessarily mean that he has considered the impact on employee morale and pay.

The article highlights the challenges faced by entrepreneurs who want to start a business in the automotive industry. While there are opportunities for innovation and growth, there are also many challenges ahead, including complex regulatory requirements, supply chain management, and competition from established players in the market. The entrepreneur's decision to focus on luxury electric cars is likely a result of his desire to cash in on the growing demand for high-end vehicles. However, this strategy may not be the most effective one, especially if it limits appeal to a wider audience.

In conclusion, the entrepreneur's decision to start manufacturing luxury electric cars is a complex and challenging one. While there are opportunities for innovation and growth, there are also many challenges ahead. The company will need to navigate regulatory requirements, establish relationships with suppliers, and compete with established players in the market. In contrast, companies that focus on affordable electric cars have a lower barrier to entry and can potentially achieve greater success.

"WEBVTTKind: captionsLanguage: enrev up your engines petaluma california is the first u.s city to ban new gas pumps they're not allowing you to make new gas stations with new gas pumps they're banning the creation of new gas stations and they're also banning adding new pumps to the station if you got four pumps you want put six more in they're not gonna let you do that either petaluma california has plans that they're gonna have zero emissions by 2030. well good luck on that there's always emissions coming out of something now this is a 15 square mile 61 000 resident city in california now they already have 16 gas stations and say that the furthest most people to drive is two and a half miles to find one so it's not like there aren't any round so maybe the end is starting in california the first city to ban building new gas stations well i imagine the old ones are still going to be there for quite some time if you're visiting petaluma california i'm sure you'll be able to buy gasoline there but you know they're always forecast in the future as a 20 30 they want to be zero carbon emissions that's what a long time from now who knows what's going to happen in the next 10 years who knows it can be electric cars hydrogen cars who the heck knows they won't let people build more gas stations anymore is it the beginning of the end who knows lb10 says should i buy a 2008 ford fusion that has a manufacturer buyback for engine failure i'm looking at a 2008 fusion with 20 000 miles they're valued at 17k but since this title explains it had a manufacturer buyback for injured failure they're asking 12.9 now should i buy it no unless they give you absolute proof that they put a brand new engine in it that doesn't have the problems the old one do not buy it you know i personally have always wondered ford had a big deal where they bought back a whole bunch of ford focuses and ford fiestas for that crappy dual clutch transmissions that broke all the time i wondered what is ford going to do are they going to junk them sell them in another country fix them and sell them what are they going to do now if they had absolute proof that there was a new engine and they're going to give you an iron-clad guarantee in writing that this engine has this much warranty on it go ahead and buy it but if they just bought it back and now trying to sell to you run away from that i always wondered what they do with them when they buy them back because they don't tell anybody what they're doing with them so i'm assuming they didn't fix anything if they didn't stay away don't buy it don't buy back a buyback crown said what do you think of the honda civic type r i can't decide which sporty all-wheel drive to buy i'm looking at sdi help me okay well they're screaming little cars civic type rs now you want all-wheel drive i've never actually seen a civic type r that was all-wheel drive the ones i saw were all just front-wheel drive and that was the one thing that some people had against them because they wanted a car they could drift like mad and it's the rear-wheel drive ones that drift well not the front-wheel drive ones the rear-wheel drive ones are better for drifting around but of course you drive a car you want to drive every day yeah you don't worry about that the honda makes excellent all-wheel drive systems so if you want one and you like the way it rides the only thing i get against the type r's are they ride rather rough because they're race type cars they're made for speeding around as fast as you can and they're not all that comfortable if you're thinking about buying one go road test one first because i had a customer bought one and then they got to say hey the ride's too rough i said why don't you road test this thing first test it first before you buy it if you like the ride you don't mind it go ahead they're excellent vehicles and they do keep their values like mad android 15 says how can you identify highway mileage from pictures of a vehicle that's for sale of course you can't by looking at pictures really it's very hard to tell whether somebody had highway mileage versus city driving mileage unless it's you know two-year-old car it's got 110 000 miles you don't have to be on the highway who could drive in a city that far unless they were an uber driver or something you know because like i said highway pure highways mileage is only equivalent to about 10 percent of city mileage so it's a lot less wear and tear on an engine but you know unless you know the guy you know well he lives 100 miles from work and he does highway mileage every day that you're really not going to know i mean when they're really worn out yeah you know the ball joints tie rods will be worn out and stuff if they were city driving instead of highway mods but it's very hard to tell you have to know the person or somehow find out how far they went to work back and forth it's not that easy to tell if it's highway mileage versus city mileage unless it's a very new car with a whole bunch of mileage on it here we go the corporation screwing it to everybody hertz is now selling themselves to a company called nighthead and certare so they can exit bankruptcy now under this plan the company's knighthead and certairis take control of hertz when it comes out of chapter 11 bankruptcy but unfortunately all the shareholders get nothing they get absolutely no money at all out of the deal as they say under the proposal shareholders are be wiped out entirely they get nothing it just amazes me those two companies are paying billions of dollars for what's left to hurt but the shareholders get big old nothing this is why you don't invest in companies that are failing all those kids that are playing with stocks not trying to build them up well if you got involved they tried to build up hertz for a while and it worked for a little while but now of course it's going to collapse because they're going to find out this deal goes through the shares are worth nothing so even if you're buying for a dollar or 90 cents hey if you buy a hundred thousand of them you just lost a hundred thousand dollars if it's close to a dollar share so that's pure speculations and if it isn't bankruptcy it's pretty typical for the shareholders to get nothing and the creditors get whatever they can get paid and then these other companies can buy the assets and start all over again now united states is buying them they're going to get 51 of the stock but of course it's not the old stock deal stock's going to go to nothing so all those investors lose everything in these guys they start all over again sounds like a pretty raw deal to me i think they should be forced to pay for it but that's chapter 11 bankruptcy for you know the laws are made so that the rich can get away with screwing everybody over and then other rich people can come in and buy the assets and then the people that invest in it well they're all gone too bad you lose all your money now we put our money in and then we start all over again you know what i said hers they charge too much money for rent cars anyways i checked the other day they wanted 500 bucks for renting a car at airport for three days they can go to blue blazes before i'm ever going to deal with a company like that again well here we go the vietnamese are coming the richest man in vietnam is planting an electric car factory in the united states the name of a company is called vinfast and they're going to make high-end electric cars everybody's getting greedy and they think of the rich end of it now it's not going to be a massive amount luxury suvs a vf-32 and a vx-33 and they're planning on maybe making 45 000 of them a year so they're not making a massive amount but here let me tell you my money is on a chinese not on this vietnamese guy he's trying to cash in on a luxury electric car stuff right chinese the other day i showed a car they're making for five thousand dollars and it has front and back seats so you can get four people in them that's what i think is going to be making a profit not the luxury high-end one i think this guy's making a mistake going just for the high-end stuff but you know that's how rich people out they think high end everybody's like them well they aren't but there's a massive amount of people who buy a five thousand dollar electric car these i'm sure they're going to be really expensive he says he's going for the high-end one so you know those are probably going to be 60 to 150 000 i think it's a mistake they're ready make some of them in vietnam but they're going to be a factory in the united states they don't exactly say where yet but it's going to be one of those assembled in the united states like a lot of stuff that's actually built overseas and then they bring the parts over here and then they put them together because they know there's going to be tariffs eventually if people start fighting over where it comes from and if they build them in the united states they won't tax themselves that's the other aspect of it he'll be building them putting them together here but i'm sure the majority of the stuff will be built in vietnam the motors and everything and the platforms and then putting them together in the united states i think he's making a mistake going for the high end i think he should have gone for the short end but i guess he realized he's not gonna be able to compete against a chinese that can make a five thousand dollar electric car saw any of my videos warning you not to go to chain stores to get your car repaired well here's some feedback from mr scott simon another scott he says i haven't been to a pet boy in 15 years because there were none in my area but they recently opened one up so march 1st i booked a reservation on pep boys online for an oil change and tire rotation i've been there for 15 years there's a new one so i tried it out i had an appointment for tire rotation oil change at 5 30. so i drove in and they said uh we don't make appointments that late go away now they were not supposed to close until six o'clock but at 5 45 they were closed so i drove to a nearby pep boys and it was 5 45 and it's supposed to close at 6 but the doors are locked and the people were leaving so as far as i'm concerned pep boys is now locked out of my choice to where i want to take my car for oil change and tire rotation service all right you know unfortunately see this stuff all the time these days the employees don't care they're not getting paid much i'll give you a reverse example of this when i was a kid my old man's gas station opened up at six o'clock in the morning and we generally get there by about quarter to six to open stuff up turn on the lights open the bays all that stuff right well if somebody showed up at 10 minutes to six we drop we're doing and serve the customer it was a full service we checked the oil checked the water washed the windows when they're filling up with gas right but we drop whatever we do to service customers if we're having a sandwich at lunchtime we drop it and serve the customers right not anymore especially at these chain stores the poor guy made an appointment he said we don't make appointments this late well he did he called up and made one right and then he went to another one thinking well maybe they'll squeeze me in and they had the place locked up and quartered to six and they weren't supposed to close until six o'clock i just see this all the time i've made a laugh at some of these chain stores where if it says they open at 9 00 a.m you get there and it's one minute to nine and they're sitting there looking at their watches and they're not gonna unlock the door until it's nine because they don't wanna start work yet so you know what i say avoid these places like the plague like mr scott's going to don't go there vote with your dollars if they want to run such slip shot businesses don't go there so if you never want to miss another one of my new car repair videos remember to ring that bell you\n"