VINFAST BEGINS U.S. DELIVERIES OF VF 9 ALL-ELECTRIC WITH LIMITED-TIME SPECIAL OFFER

Rhea-AI Summary

VinFast Auto has started delivering its VF 9 all-electric SUV to U.S. customers, with prices starting at $69,800 for the Eco version and $73,800 for the Plus version. The 7-passenger, 3-row vehicle offers an EPA-estimated range of 330 miles (Eco) and 291 miles (Plus). A -time promotion offers the Plus version at $529/month lease with $2,000 down payment for the first 100 vehicles. The VF 9 features advanced driver assistance, 11 airbags, and a 15.6-inch touchscreen. It comes with a 10-year/125,000-mile warranty and is supported by 15 stores and 4 service centers in California, plus 36 dealerships across 15 states.

Positive

• Competitive lease offer of $529/month with $2,000 down payment for Plus version
• Strong EPA range of 330 miles for Eco model
• Comprehensive 10-year/125,000-mile warranty package
• Expanding dealer network across 15 states

Negative

• initial availability of only 100 vehicles for promotional offer
• Relatively high starting price point of $69,800

Insights

Automotive Market Analyst

The VF 9 launch represents a strategic entry into the underserved full-size electric SUV segment. At $69,800, VinFast positions itself competitively against established players like Tesla Model X ($79,990) and Rivian R1S ($78,000). The aggressive lease offer of $529/month for the Plus version signals a push for market penetration.

The 330-mile EPA range for the Eco model is competitive, though slightly below segment leaders. The 15-state dealership network and comprehensive warranty package address key consumer concerns about new EV brands. However, VinFast faces challenges in brand recognition and established competition. The initial rollout of 100 vehicles suggests a cautious approach to scaling operations.

EV Infrastructure Specialist

VinFast's integrated charging solution through their proprietary app, offering broader charging network access than competitors, addresses a critical pain point in EV adoption. The 7.2-inch ground clearance and substantial cargo capacity, including the frunk, demonstrate thoughtful engineering for practical utility.

The 10-year/125,000-mile warranty exceeds industry standards, potentially offsetting consumer hesitation about a new brand. The current infrastructure of 15 stores and 4 service centers in California, while , provides a foundation for expansion. The mobile repair services and 24/7 roadside assistance are important differentiators in the premium EV segment.

LOS ANGELES, Nov. 19, 2024 /PRNewswire/ -- VinFast Auto has officially commenced delivery of its flagship VF 9 all-electric, 7-passenger, 3-row SUV to U.S. customers. This launch reinforces VinFast's commitment to establishing a foothold in one of the world's most competitive automotive markets while offering eco-conscious consumers premium choices in the full size SUV segment, which currently has limited electric vehicle options.

Beginning in November, the VF 9 will be available for delivery across VinFast's retail store network in California and through its dealerships, with prices starting at $69,800 for the Eco version and $73,800 for the Plus version. The first VF 9 customers received their vehicles during a customer event at VinFast's Los Angeles headquarters.

As part of a limited-time promotion for the first 100 VF 9 vehicles delivered in the U.S., VinFast is offering qualified lessees the Plus version for a lease price of $529 per month. This rate includes a direct discount of $3,500 and a down payment of $2,000. VinFast VF 9 Eco will be available in the U.S. market later this year.

Mr. Mike Nolte, Network Sales Vice President of VinFast U.S., stated: "We are very excited to officially hand over the VF 9, VinFast's second e-SUV model in the U.S. market. VF 9 is one of the few seven-passenger, 3-row electric car models on the market. We believe that the VF 9 will be the ideal vehicle for large families, delivering premium quality and a luxurious experience while maintaining excellent value."

The VF 9 is positioned as a seven-passenger, 3-row, all-electric SUV with dimensions of 201.5 inches in length, 78.9 inches in width, and 66.7 inches in height, making it ideal for families seeking spacious, eco-friendly transport. Its impressive ground clearance of 7.2 inches is ideal for a full-size SUV in today's market.

The vehicle offers an EPA-estimated range of 330 miles for the Eco model and 291 miles for the Plus model. It includes the VinFast app, which offers an extensive network of public charging options, more than most other OEM or third-party apps, making it easier for drivers to locate charging stations.

As the flagship model in VinFast's lineup, the VF 9 showcases a striking Pininfarina design and is equipped with advanced features, including an enhanced driver-assistance system (ADAS) and a smart infotainment suite. It includes 11 airbags, ensuring safety at every mile of the owner's journey. Ongoing software updates will provide optimal user experience.

Without an internal combustion engine, the electric VF 9 offers increased cargo capacity compared to its internal combustion counterparts and includes an additional frunk under the hood. The interior features a customizable 15.6-inch touchscreen with internet capabilities, allowing for streaming, web browsing, and navigation.

The VF 9 comes with an industry-leading warranty and service package, covering 10 years or 125,000 miles for the vehicle, along with 24/7 roadside assistance and mobile repair services.

VF 9 owners will also benefit from VinFast's customer support network, which currently includes 15 stores and 4 service centers in California and partnerships with 36 dealerships across 15 states nationwide. This network is continually growing as VinFast strives to provide a reliable and premium EV ownership experience for U.S. drivers.

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play EV manufacturer with the mission of making EVs accessible to everyone. VinFast's product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at: https://vinfastauto.us/ 

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SOURCE VinFast

FAQ

What is the starting price of VinFast VF 9 (VFS)?

The VinFast VF 9 starts at $69,800 for the Eco version and $73,800 for the Plus version.

What is the EPA range of VinFast VF 9 (VFS)?

The VF 9 offers an EPA-estimated range of 330 miles for the Eco model and 291 miles for the Plus model.

What is VinFast's special lease offer for VF 9 (VFS)?

VinFast is offering a -time lease promotion of $529 per month with $2,000 down payment for the first 100 VF 9 Plus vehicles.

What warranty does VinFast offer for the VF 9 (VFS)?

VinFast offers a 10-year or 125,000-mile warranty for the VF 9, along with 24/7 roadside assistance and mobile repair services.