What is VinFast? Electric car rental and VinFast batteries, explained

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Vinfast is a Vietnamese automobile manufacturer – the first in large volume. The company was founded in 2017 and moved its global headquarters to Singapore in May 2022. VinFast’s first cars, the LUX A2.0 and LUX SA2.0, were remakes of the BMW 5 Series and X5 respectively. But the brand is about to change course. After 2022, VinFast will become an EV-only manufacturer. And they’re coming to America, ahead of a likely 2023 IPO.

Will Vinfast sell cars in the United States?

That’s the plan. VinFast has already opened six stores in California, with plans to extend to over 30 m (also in California). The company isn’t just going to sell cars in America. They are going to build cars in America. Vinfast has announced its plans invest more than $2 billion in a North Carolina factoryshould be online in 2024.

What cars will Vinfast sell?

Vinfast will debut with two cars confirmed for the US market, the VF8 and VF9.

VF8

VinFast

The VinFast VF 8 will be a five-seater mid-size SUV. It will offer Eco (348 hp) and Plus (402 hp) versions. Eco and Plus versions will come with standard range and enhanced range batteries. Range will be between 248 and 292 miles on the WLTP scale depending on configuration. It will probably be much less by the EPA standard. Vinfast says the VF 8 will accelerate from 0 to 60 mph in 5.3 seconds, come with standard dual-motor all-wheel drive, and start at $40,700.

Front interior of a vinfast vf 8 car

VinFast

Beige interior seats of a vinfast vf 8 car

VinFast

VF 9

exterior of a vinfast vf 9 suv

VinFast

The VinFast VF 9 will be a full-size SUV with up to seven seats. It will offer Eco and Plus versions – both 402 horsepower – with a standard and upgraded range of each. Vinfast estimates range will be between 262 and 360 miles below WLTP scale depending on configuration. The VF 9 will accelerate to 60 mph in 6.3 seconds and start at $55,500.

front interior of a vinfast vf 9 suv

VinFast

interior seats of a vinfast vf 9 suv

VinFast

Wait, VinFast wants you lease batteries?

Yes. If those starting MSRPs seemed a little cheap for AWD electric SUVs, that’s because VinFast doesn’t include batteries in the cost of the vehicle. Instead, buyers will enter a mandatory battery rental contract. Currently, VinFast offers two plans, a fixed option and a flexible plan.

The fixed option will start at $110 per month for the VF 8 and $160 per month for the VF 9 and will grant the buyer unlimited mileage. VinFast will also offer a flexible plan starting at $35 per month for VF 8 and $44 per month for VF 9. The flexible plan will offer 310 miles per month before an additional $0.11 (VF 8) or 0, $15 (VF 9) per mile. starts at mile 311.

VinFast says these rates will be honored for orders through 2022. “Trainers” who purchase a VinFast in 2022 or 2023 will have their rates honored for the life of the vehicle. 2024 customers may have the chance to buy their battery rather than renting it.

When will VinFast cars come to America?

VinFast has not yet given a firm timetable for its debut. But the VF 8 and VF9 are expected to arrive, at least nominally, at the end of calendar year 2022 as 2023 model year vehicles. VinFast can’t be limited to cars. The company can also manufacture its electric scooters for the US market.

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