VinFast established in 2017 out of Hanoi, Vietnam, was based by serial entrepreneur Pham Nhat Vuong — he’s Vietnam’s first billionaire and acquired his begin in enterprise promoting prompt ramen within the Ukrainian market.
They plan to promote two all-electric sport-utility automobiles within the U.S. to start out: a midsize SUV, referred to as the VF 8, that begins at $40,700, and a bigger VF 9, beginning at $55,500. In addition they plan on bypassing the normal seller community (like Tesla, Rivian and Lucid) to promote on to customers.
However most intriguing of all, the corporate has constructed a novel pricing technique. In line with the WSJ:
“Not like different EV rivals within the U.S., VinFast has a novel enterprise mannequin wherein consumers pay one value for the automobile, however then lease the battery for a month-to-month price. The corporate gives two battery-subscription plans, costing anyplace from $35 to $160 a month, relying on how a lot the proprietor desires to drive, the mannequin bought and the kind of battery.
The price contains upkeep of the battery and substitute when charging capability drops beneath 70% of its authentic capability.
VinFast has mentioned the battery leasing mannequin brings the upfront value of its automobiles down $15,000 to $20,000, roughly on par with what many gasoline-powered fashions promote for immediately. The corporate additionally mentioned it eliminates dangers for the patron as a result of the service covers all repairs, upkeep and substitute prices, together with swapping out the battery for a more moderen one.”
Fairly an attention-grabbing method, one value watching to see if it catches on.
Supply: Gear Patrol
Supply: The Diplomat
Supply: Wall Road Journal