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VinFast announces all-electric strategy, EV lineup

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VinFast announced a new development strategy and revealed its complete electric vehicle lineup during this year’s Consumer Electronics Show. Following its U.S. debut at the 2021 LA Auto Show, VinFast announced it will stop producing vehicles with internal combustion engines (ICE) by the end of 2022. VinFast says it will focus research and development efforts on all-electric powertrains for their vehicles.

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VinFast officially launched a range of fully-electric vehicles: three models debuted in the A-B-C segments, VF 5 (segment A), VF 6 (segment B) and VF 7 (segment C); and two models VF e35 and VF e36 in the D and E segments (introduced at the 2021 LA Auto Show) now renamed as VF 8 and VF 9. The company says it removed the “e” (electric) prefix in the names to affirm its consistent all-electric orientation.

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All five electric vehicles were designed by Pininfarina and Torino Design, Italian design firms.

The VF 8 and VF 9 models will be equipped with level 2+ Autonomous Driving features for the Eco and Plus versions and Levels 3-4 for Premium versions, the company says. These models will also have smart features, including Smart Home, Mobile Office, In-car Shopping and In-car Entertainment.

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As well as sharing the pricing policy, VinFast announced a battery lease program that will offer customers two subscription plans: “Flexible” (a minimum subscription fee for 300 miles per month, extra costs from the 301st mile) and “Fixed” (unlimited range). The total monthly cost for driving VinFast EVs is approximately equal to gasoline costs in each market, the company says. VinFast will cover all expenses on battery maintenance and will replace the owner’s used batteries for free when charging and discharging capacity falls below 70%.

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