VinFast unveils US battery subscription pricing, activates NFT exchange

By Tuong Thuy
Thu, April 14, 2022 | 9:40 am GMT+7

Vietnamese automaker VinFast announced the battery subscription prices for its electric cars VF 8 and VF 9 in the US market on Wednesday, US time.

Also at the New York International Auto Show 2022 at the same time, the company activated the VinFirst NFT exchange on OpenSea, a New York City-headquartered online non-fungible token marketplace.

Launched at the Los Angeles Auto Show 2021 last November, the VF 8 and VF 9 are expected to be available in the US market in the second half of this year.

Currently, the VF 8 has two battery versions, Eco and Plus. The car price for the Eco VF 8 starts at $40,700 and $41,000, respectively. The VF 8 Plus price begins at $47,700 and $48,000, respectively.

 VinFast introduces its electric cars at the New York International Auto Show 2022 in April. Photo courtesy of VinFast.

VinFast introduces its electric cars at the New York International Auto Show 2022 in April. Photo courtesy of VinFast.

The VF 9 also has two battery versions now. The Eco VF 9 price starts at $55,500 and $56,000, while those for the Plus VF 9 are $60,500 and $61,000. Battery version 1 will be available in the US market this year, and version 2 next year.

VinFast said it will offer customers in the US market two battery subscription packages.

The Flexible Plan is designed for those who travel infrequently, with a monthly fee of $35 for VF 8 and $44 for VF 9. This is a monthly fee for 310 miles. From the 311st mile, the subscription fee per mile is about $0.11 for VF 8 and $0.15 for VF 9.

In the Fixed package, which allows unlimited range, the monthly rates are $110 for the VF 8 and $160.00 for the VF 9. Customers who make a reservation and deposit for the two cars this year with the Fixed plan will be offered the same lifetime subscription fee.

VinFast plans to support customers with a 100% battery subscription policy until the end of 2023. After that, it will adjust the proportion so that 50% of the battery is for rent and 50% is for sale when selling cars.

Within the New York International Auto Show 2022, the firm launched its VinFirst NFT exchange on OpenSea. From this April, customers who made a deposit can get their VinFirst NFT exchange on the marketplace.

Comments (0)
  • Read More
New trading system KRX 'not criterion for Vietnam stock market status upgrade'

New trading system KRX 'not criterion for Vietnam stock market status upgrade'

The new trading system KRX is not a condition required by rating agencies FTSE Russell and MSCI to approve a status upgrade for the Vietnamese stock market, said director of a securities firm.

Finance - Sun, May 5, 2024 | 10:28 pm GMT+7

Poor business results cast shadow over Vietnam real estate developers

Poor business results cast shadow over Vietnam real estate developers

A slew of Vietnamese property developers have reported poor business performance in the first months of this year despite signs of recovery in the real estate market.

Real Estate - Sun, May 5, 2024 | 2:00 pm GMT+7

Thailand’s rice exports increase in both numbers, value

Thailand’s rice exports increase in both numbers, value

Thailand exported 2.46 tonnes of rice in the first quarter of this year, up 19.4% from the same period last year, according to Charoen Laothamatas, president of the Thai Rice Exporters Association.

Southeast Asia - Sun, May 5, 2024 | 1:51 pm GMT+7

Indonesia to grow 2 million hectares of sugarcane for bio-ethanol fuel development

Indonesia to grow 2 million hectares of sugarcane for bio-ethanol fuel development

The Indonesian government is implementing preferential policies to develop bio-ethanol fuel in the future, reduce dependence on fossil fuels and protect the environment.

Southeast Asia - Sun, May 5, 2024 | 1:50 pm GMT+7

Rail route connects China, Laos, Thailand, Malaysia

Rail route connects China, Laos, Thailand, Malaysia

The first China - Laos - Thailand - Malaysia express freight train recently departed from Chengdu, the capital of China’s southwestern Sichuan province, marking a significant milestone in regional trade connectivity.

Southeast Asia - Sun, May 5, 2024 | 1:49 pm GMT+7

Indonesia to launch pilot project on hydrogen-fueled vehicles

Indonesia to launch pilot project on hydrogen-fueled vehicles

Indonesia’s directorate general of New Renewable Energy and Energy Conservation has announced a plan of hydrogen use trials for the operation of buses, trucks, and other heavy-duty vehicles.

Southeast Asia - Sun, May 5, 2024 | 1:48 pm GMT+7

Denmark jewelry maker Pandora to start building Vietnam factory this month

Denmark jewelry maker Pandora to start building Vietnam factory this month

Denmark’s Pandora, the world’s largest jewelry brand by revenue, will begin constructing a $150-million factory in the southern province of Binh Duong on May 16.

Industries - Sun, May 5, 2024 | 10:17 am GMT+7

Vietnamese ministry warns public about online stock market investment scams

Vietnamese ministry warns public about online stock market investment scams

Posing as securities experts, several scammers are enticing people to join closed groups on social networks, access web links or install apps for stock investment, the Ministry of Public Security (MPS) warned.

Finance - Sun, May 5, 2024 | 9:27 am GMT+7

Bac Giang province Party chief arrested for abusing power

Bac Giang province Party chief arrested for abusing power

Duong Van Thai, Secretary of Bac Giang province's Party Committee, has been detained for abusing his positions and power while on duty.

Politics - Sun, May 5, 2024 | 8:07 am GMT+7

Danish brewer maintains Vietnam sales volume despite beer-market dip

Danish brewer maintains Vietnam sales volume despite beer-market dip

The beer market in Vietnam remained difficult with an estimated “mid-single-digit” percentage decline in the first quarter of this year, but Danish brewer Carlsberg managed to maintain flat sales volume.

Companies - Sun, May 5, 2024 | 8:04 am GMT+7

Public investment disbursement must reach 95%: PM

Public investment disbursement must reach 95%: PM

Prime Minister Pham Minh Chinh has asked ministries, agencies and localities to ensure that disbursement of public investment capital reaches at least 95% this year.

Economy - Sat, May 4, 2024 | 10:02 pm GMT+7

Vietnam transport minister orders probe into domestic airfare surge

Vietnam transport minister orders probe into domestic airfare surge

Transport Minister Nguyen Van Thang has asked the Civil Aviation Authority of Vietnam (CAAV) to investigate recent surges in domestic airfare as concerns mount over their impact on travel demand.

Travel - Sat, May 4, 2024 | 9:47 pm GMT+7

Tech giants keen on semiconductor investments in Vietnam: minister

Tech giants keen on semiconductor investments in Vietnam: minister

Many global tech majors have shown keen investment interest in Vietnam’s electronics and semiconductor industries, Minister of Planning and Investment Nguyen Chi Dung said Saturday.

Economy - Sat, May 4, 2024 | 8:33 pm GMT+7

Former Government Office chairman Mai Tien Dung detained

Former Government Office chairman Mai Tien Dung detained

Mai Tien Dung, former head of the Government Office, has been arrested for violations related to an eco-resort and urban project in Lam Dong province.

Politics - Sat, May 4, 2024 | 5:57 pm GMT+7

Agribank brings digital banking experience to remote areas

Agribank brings digital banking experience to remote areas

Agribank is a pioneer bank in investing and providing card and ATM services in Vietnam's agricultural and rural areas, meeting the needs of people in even border areas, islands, and remote areas.

Banking - Sat, May 4, 2024 | 3:50 pm GMT+7

Six miles and beyond: Vietnam draft law sets offshore boundary

Six miles and beyond: Vietnam draft law sets offshore boundary

Wind power plants with all turbines located six nautical miles beyond the nation’s sea area will be deemed offshore, per draft amendments to the Law on Electricity.

Energy - Sat, May 4, 2024 | 3:35 pm GMT+7