VinFast plans competitive pricing to win the US electric car market
Vietnamese car company VinFast neither entered the US market with common sense nor was it small. Last year Los Angeles Auto Show, VinFast displays VFe35 Two rows intersection and the three-row crossover VFe36. They have been renamed VF8 and VF9 respectively, simplifying model designations for the entire lineup. Last Christmas, in Vietnam, VinFast displayed the VFe34 microphone for that country’s market. And at the Consumer Electronics Show earlier this month, VinFast brought in VF5 segment A, VF6 segment B and VF7 segment C. That provides manufacturers with a full line tram just three years after it launched its first production car, it was a BMW X5 has been remade for the company’s home market.
Speed and vehicle display very easily. Convince US buyers of the opportunity to buy the product, then get the quality product to the buyer in a timely manner – that would be the test. To convince, VinFast has come up with new tricks. The first is that U.S. vehicle buyers who pre-order a VF8 or VF9 between now and April 5, 2022, and make a $200 deposit can convert that $200 into a four-figure discount on the crossover they buy through through VinFirst’s Pioneer Program. VinFast will reduce the price of 3,000 USD for buyers final price of their VF8 or $5,000 off the price of their VF9. Pioneer membership is also available Free resort tour package in Vietnam (Pioneers had to come to Vietnam themselves.)
The automaker believes it has priced the VF8 and VF9 in line with ICE-powered competitors, with the VF8 in the base Eco starting at around $41,000 and peaking around $48,000 for the High. grant. This is supposed to be the size of Ford Edge, which starts at $36,700 in the base S spec and tops out at $45,500 for edge ST. Based on what VinFast has said about its content strategy, we expect a similarly equipped Edge to be much closer to the price of the VF8. The VF9 Eco will start at around $56,000 and around $61,000 for the VF9 Premium. The three-row crossover is a few inches longer than one Ford Explorer. Those prices are before the offer.
As for the powertrain, all we’ve been offered so far is output and range. The electric motors in the VF8 and VF9 will produce a combined 402 horsepower and 472 pound-feet of torque. The VF8 is said to have a range on the European cycle of 316 miles, the VF9 and its larger the battery is said to have traveled about 422 miles, again, on the European cycle.
However, there is an asterisk in the price: Those MSRPs do not include the cost of the battery, as the package can only lease into one of two plans. The flexible plan includes 300 miles per month, the more expensive fixed plan offers unlimited mileage. We do not know the price of both packages, VinFast just said the plan will cost the same as the monthly gas budget for a conventionally powered crossover, minus the cost of electricity. We look forward to finding out how VinFast plans to implement and monitor this, since the US gas price can fluctuate more than two dollars per gallon depending on the state and that is before electricity prices are included. Also, 300 miles per month seems less than ideal for anyone willing to go through the hard times buy a new car, unless the person has four other cars at home. However, once the owner has the key, the car manufacturer will provide free battery maintenance and replace a free package when the package cannot contain at least 70% of the original capacity. The car itself comes with a 10 year guarantee.
Basic and Medium Plus Eco versions will provide Level 2 autonomy developed with the ZF, the Premium version is being developed to eventually offer Level 3 or Level 4 autonomy. The driver assistance menu will include technologies such as adaptive cruise control with assist Traffic jam assist, lane keep assist, automatic lane change, parking and automatic recall. Another potential reason to be a Pioneer: They get free ADAS and Smart Services subscriptions for their vehicles.
Starting in states with high electric vehicle sales, like California, the automaker plans to skip it agency and set up showrooms in high-end malls. About 60 such storefronts are planned for California. By 2024, VinFast aims to open Its first manufacturing facility in the United States Can produce up to 250,000 units per year. There will also be a large battery factory and a bus factory, and VinFast is planning to sell electric buses in the US market. Location locations have not yet been selected but have been narrowed down to one of the three locations.