VinFast reveals US prices and battery subscriptions
VinFast has revealed US prices for its VF 8 and VF 9 electric SUVs with battery subscription. At the same time, VinFast and Electrify America have a deal for VinFast customers.
VinFast has given the Eco VF 9 a starting price of $55,500 for the battery version 1 and $56,000 for the battery version 2. Similarly, the battery versions 1 and 2 of the Plus VF 9 are priced at USD $60,500 and USD $61,000, respectively. Battery version 1 will be available in the US market in 2022, with version 2 following in 2023.
The VF 8 will arrive in two first battery variants with a range of up to 260 miles for the smaller battery and 292 miles with the larger one for the ‘Eco’ version and between 248 miles and 277 miles for the ‘Plus’ version. The acceleration of 0-60mph is in about 5.8 seconds for the ‘Eco’ and 5.3 seconds for the ‘Plus’. The battery versions 1 and 2 of the Eco VF 8 start at $40,700 and $41,000, respectively. The VF 8 Plus has starting price for battery version 1 at $47,700 and $48,000 for the version 2.
The biggest news here is that the Vietnamese electric vehicle manufacturer is offering battery subscriptions. This means that VinFast takes on all the risks related to the vehicle’s battery while providing consistent quality during use. Battery subscription models make it easier for the battery to be upgraded and swapped out without having to afford the cost of a new battery.
It is notable here though that VinFast says it plans to support customers with a 100% battery subscription policy until the end of 2023, after which 50% of the battery will be for sale and the other half will be for rent. How this will benefit customers was not further elaborated upon in the company’s announcement.
For now, VinFast battery subscriptions cover two subscription plans with the company’s Flexible and Fixed packages. The Flexible Plan is designed for customers who travel infrequently, with a monthly battery subscription fee of USD $35 for VF 8 and USD $44 for VF 9. This is a monthly fee for 310 miles of travel. From the 311st mile, the battery subscription fee per mile is about USD $0.11 for VF 8 and USD $0.15 for VF 9.
Rates for the monthly fixed subscription, which allows unlimited range, are $110 for the VF 8 and $160.00 for the VF 9. Customers who make a reservation and deposit for the VF 8 and VF 9 in 2022 with the Fixed subscription plan will be offered the same lifetime subscription fee. This policy is also automatically transferred to the new owner after the vehicle is sold.
VinFast has also announced and agreement with Volkswagen subsidiary Electrify America. The agreement is to provide owners of VinFast electric vehicles with two complimentary charging sessions along with access to Electrify America’s network in the VinFast mobile app.