VinFast is a name that’s fast becoming known in the electric vehicle (EV) scene and the Vietnamese brand is officially making its way to the Philippines.
The company announced that it has inked deals with four major dealers in the country. The company had a sneak peak of its vehicles at a local event and, as expected, we’re seeing the company’s range of EVs.
Who is VinFast?
VinFast, a subsidiary of Vingroup, one of Vietnam’s largest private enterprises, was founded in 2017.
In just a few years, VinFast has made significant strides in the automotive world, thanks to its state-of-the-art manufacturing complex in Hai Phong, Vietnam, which boasts up to 90% automation. In its home country, VinFast boasts being a prominent name in the industry boasting over 50% market share in 2021 for the passenger car market.
One of the most popular models VinFast sold in 2023 is the VFe34 which will also be making its way to the Philippines.
VinFast’s Entry into the Philippines
VinFast’s official entry into the Philippine market was marked by a brand launch event in Manila, where they signed agreements with four leading dealers: EV Solutions, K1 Prestige Bay Motors Inc., Autoflare Corporation, and MNV Auto Group Inc.
The first VinFast showrooms are set to open in Manila by the end of June 2024, with vehicle deliveries starting in the third quarter.
The initial VinFast lineup
VinFast is set to introduce a range of electric vehicles tailored to different market segments. Here’s a sneak peek at what to expect:
- VF 5: The VF 5 is VinFast’s compact electric SUV, perfect for urban driving. Its sleek design and practical features make it ideal for navigating city streets, offering ample interior space for a comfortable ride.
- VF e34: The VF e34 is a versatile mid-sized electric SUV that strikes a balance between performance and efficiency. With advanced safety features and smart technology, it’s an excellent choice for families and tech-savvy drivers looking for a smooth, eco-friendly driving experience.
- VF 7: The VF 7 is a stylish and spacious electric SUV designed for those who need more room and power. Its bold design and robust performance make it suitable for longer journeys and varied driving conditions, with higher ground clearance and enhanced capabilities.
- VF 9: The VF 9 stands as the flagship model in VinFast’s lineup. This full-sized electric SUV combines luxury with premium features, catering to those who seek top-tier comfort, technology, and performance. Equipped with advanced driver-assistance systems and a powerful electric drivetrain, the VF 9 is designed to deliver a superior driving experience.
VinFast is also considering introducing the VF 3, a popular mini electric SUV, to the Philippine market. Additionally, they are exploring the potential for electric motorbikes and bicycles to cater to the diverse transportation needs of Filipino consumers.
VinFast battery subscription
VinFast offers a flexible battery subscription policy that allows customers to purchase EVs with or without the battery, lowering the initial cost and making electric vehicles more accessible. For those opting for the subscription, VinFast provides a free battery replacement and maintenance program if the battery capacity falls below 70%, ensuring peace of mind. VinFast will also offer a market-leading warranty of 7 to 10 years on their vehicles, showcasing their confidence in the quality and durability of their products.
To support their ambitious plans, VinFast aims to open dozens of dealerships across the Philippines in 2024. These dealerships will be strategically located on major roads in Manila and other key cities, catering to the growing middle class and the increasing demand for electric vehicles.
