author: FutureCar Staff
VinFast plans to build the VF 9 and VF 8 electric SUVs from July 2024 at its plant to be built in North Carolina.
Electric vehicle buyers often receive additional benefits, such as free charging sessions, to entice new customers to switch to an electric vehicle. Lucid Motors, for example, is offering customers two years of free Electrify America charging sessions with the purchase of the Lucid Air sedan. Now, Vietnamese electric vehicle startup VinFast has announced a similar deal designed to entice customers to reserve one of its new electric SUVs.
VinFast announced on Wednesday that all customers reserving the VinFast VF 8 or VF 9 SUV by September 30 will receive free charging for three years and a one-year VinFast Smart Driving package, which includes Level 2. + ADAS (Advanced Driver Assistance System) and a “Smart Services” suite.
In addition, for reservations made before May 31, 2022, this new program will be automatically applied.
VinFast’s “Charged-Up” program offers customers a choice of two attractive options. Option 1 gives customers free access to unlimited charging sessions for three years on Electrify America’s coast-to-coast charging network.
Option 2 provides a free VinFast level 2 home charger plus a $1200 credit that can be used for home installation by one of VinFast’s service partners.
For both options, VinFast offers a “Smart Driving Package” as part of the Charged-Up program.
Customers who book a VF 8 or VF 9 through the program will receive a free one-year VinFast Smart Driving package, including an Advanced Driver Assistance System (ADAS) SAE Level 2 and a suite of intelligent services at the purchase of their vehicle.
This premium package includes Automated Lane Change Assist, Smart Park Assist, Remote Park Assist, Smart Summon Mode, Amazon Alexa Voice Assistant, Geofencing, Live Traffic, satellite view, in-car shopping, mobile home and office enabling virtual assistant, streaming apps, games, web browsers, smart home control and many more.
All customers who purchase a VF 8 and VF 9 electric SUV in 2022 and 2023 will also benefit from a permanent battery subscription cost for the life of the vehicle that never increases.
The incentives are part of VinFast’s goal to make premium electric vehicle ownership accessible to everyone. But it also aims to incentivize drivers to switch to battery-powered, zero-emission vehicles.
A year ago, sources told Reuters that VinFast was considering a U.S. IPO that could value the EV startup at $60 billion and make it attractive to investors.
In April, Singapore-based VinFast’s holding company filed an initial public offering (IPO) with US securities regulators as the company prepares to enter the US market.
Strong interest in electric vehicle stocks has helped make segment leader Tesla the world’s most valuable automaker. Tesla’s runaway success paves the way for new companies like VinFast, as well as Chinese electric vehicle startups XPeng and NIO Inc, to expand globally.
The IPO plans come after VinFast signed a memorandum of understanding in April to build its electric vehicle factory in North Carolina. The company is investing up to $4 billion in the plant to build its electric vehicles in the United States
Global vehicles to be produced in North Carolina include the 7-seat VF 9 and the 5-seat midsize VF 8 SUV.
VinFast already has a state-of-the-art automotive manufacturing complex in Hai Phong, Vietnam, which will have the capacity to produce approximately 950,000 electric vehicles per year by 2026.
VinFast unveiled the VF 8 and VF 9 at the Los Angeles Auto Show in November 2021, which were co-designed with Italian automotive design firm Pininfarina. The two electric SUVs will first go on sale in Europe, but are expected to reach the United States by the end of the year.
The company said prices for its VF8 electric SUV will start from $41,000 in the United States. VinFast is targeting global sales of 42,000 vehicles this year.
VinFast was founded in 2017. The EV startup says it is strongly committed to a sustainable future of smart electric mobility. The company has already established global operations, in Canada, Germany, France, the Netherlands and the United States.
VinFast completed the construction of its electric vehicle factory in Vietnam and developed its first three car models in just 21 months, which is unprecedented in the automotive industry.
The electric carmaker launched its VF e34 compact electric SUV for the Vietnamese market in 2021.
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