A brand new low-cost electrical automobile is rolling out to international markets, and it’s not from China. Vietnam’s VinFast formally launched its most inexpensive EV, the VF 3, abroad because it expands its presence within the Philippines.
After unveiling the VF 3 in January, VinFast’s mini electrical SUV immediately turned a success in its dwelling market and throughout the web.
With a compact however nonetheless rugged (virtually mini Ford Bronco-like) design, the VF 3 is geared toward “younger drivers who worth practicality alongside character,” in keeping with Ms. Tran Mai Hoa, VinFast’s Deputy CEO of Gross sales and Advertising.
In Might, VinFast opened VF 3 pre-orders in its dwelling market with a particular introductory value of 235 million VND, or round $9,248.
The promo value was for the battery subscription mannequin. For the battery included, VinFast’s VF 3 was out there for 315 million VND, or round $12,390, for many who positioned deposits between Might 13 and Might 15.
Inside 66 hours, VinFast secured 27,649 pre-orders, a brand new document in Vietnam. The corporate stated its mini electrical SUV turned a “social media phenomenon” in Vietnam, topping pattern rankings with essentially the most on-line discussions.
VinFast started VF 3 shipments final month, with costs beginning at 322 million VND ($12,800). The corporate stated it aimed to ship no less than 20,000 fashions this yr.
VinFast VF launches abroad within the Philippines
On Tuesday, VinFast formally launched the VF 3 within the Philippines. Those that reserve the VF 3 from September 19 by way of September 30 will get particular pricing and different incentives.
The particular promo value is 605,000 pesos ($32,000) for the battery subscription mannequin and 705,000 pesos ($36,900) for the battery included.
After this month, costs will go as much as 645,000 pesos ($33,800) for the subscription and 745,000 pesos ($39,000) with the battery included.
Those that go for the battery subscription can select from varied month-to-month plans primarily based on how a lot they journey.
| Month-to-month Journey Distance | Month-to-month Battery Subscription Payment |
| < 1,500 km | 2,800 pesos ($146) |
| 1,500–2,500 km | 3,800 pesos ($200) |
| 2,500 km | 6,300 pesos ($330) |
VinFast additionally affords early VF 3 consumers the power to select from 9 exterior paint colours freed from cost. Premium paint colours will price 20,000 pesos ($1,000) following the promo.
Through the promo, VinFast stated VF 3 consumers can customise the outside paint design past the 9 colours. VinFast is now accepting deposits of 5,000 pesos ($260) on its web site or at licensed sellers.
Taking goal at low-cost Chinese language EV makers
At 3,190 mm lengthy, 1,679 mm huge, and 1,622 mm tall with a wheelbase of two,075 mm, VinFast’s VF 3 is even smaller than the Chevy Bolt EV (4,145 mm lengthy x 1,765 mm huge x 1,611 mm tall).
With an 18.64 kWh battery, the VF 3 can journey as much as 130 miles (210 km) on a full cost. It might additionally quick cost from 10% to 70% in round 36 minutes.
VinFast’s mini electrical SUV will problem low-cost EVs from China within the Philippines. China’s BYD presently dominates the market, with a 66% share of EV gross sales YTD in 2024.
BYD’s Atto 3 electrical SUV begins at round $28,600 (P 1,598,000) and accounts for 44% of EV gross sales within the Philippines up to now this yr. It’s out there with 49.9 kWh or 60.48 kWh battery choices and has a driving vary of as much as 255 mi (410 km) or 298 mi (480 km), respectively.
Can VinFast’s VF 3 compete abroad with BYD and different Chinese language EV makers? Tell us what you consider the mini electrical SUV within the feedback.
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