VinFast Delivers First Consumer Cars with Battery Rental Scheme

Vietnam BEV maker VinFast has finally delivered its first batch of production vehicles to customers in its domestic market.

It held a ceremony to release its first batch of VF e34 electric vehicles at its manufacturing complex in Hai Phong, Vietnam. The vehicle is a mid-sized SUV offering numerous unique features, including its in-house developed virtual assistant with multi-regional Vietnamese accent recognition.

Customers can also book services supplied by other members of Vingroup such as medical services at Vinmec, entertainment services and flights on Vinpearl app. They bare also are able to watch movies through FPT Play or shop through Shopee’s own app. New features and utility services will be continuously updated OTA.

To support smart features on the VF e34, VinFast has partnered with MobiFone Telecommunication Corporation to offer customers eSIM data packages. Each vehicle will be delivered preinstalled with eSIM, and customers will pay a fee to use eSIM data directly to MobiFone.

The model also features 360-degree external monitoring and change the view with the dashboard on the screen. The system combines fish-eye cameras and AI technology capable of identifying traffic. With high-quality 3D imaging capabilities, the system allows the driver to accurately observe and recognize obstructions at blind spots that cannot be seen through the rearview mirror.

With the delivery of the first batch of vehicles, VinFast also officially announced its new battery rental package for customers in Vietnam. To support customers, VinFast has reduced the minimum package from a distance of 1,400 km/month to 500 km/month. Specifically, the monthly subscription rate is 657,500 VND/month (approximately $30) for a maximum distance of 500km/month. In case of traveling more than 500km/month, customers will pay an additional battery rental fee at a unit price of 1,315 VND /km (approximately $0.05). When the battery’s charging capacity drops below 70%, VinFast will replace the new battery completely free of charge.

The automaker says it is committed to renting batteries for the entire product life cycle and will adjust its rental price annually. Every year on December 1st, it will adjust battery rents and it will be based solely on the increase/decrease of electricity/gasoline prices. All 25,000 of its initial customers will get free battery rent for the first 12 months. VinFast will also introduce a complete EV line-up of electric cars at the 2022 CES.

— Paul Myles is a seasoned automotive journalist based in Europe. Follow him on Twitter @Paulmyles_

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