Vinfast open for sale the first electric car, priced around VND 690 million


HANOI, VIETNAM – Media OutReach – 24 March 2021 – On March 24th, 2021, VinFast Trading and Production LLC officially to open for placing orders for the first electric car model – VF e34 for around VND 690 million. In particular, pioneering customers with successful orders from now to June 30th, 2021 will be offered many attractive incentives and have the opportunity to own a car for just over VND 500 million.

VinFast VF e34, announced in January 2021 as VF31, is a smart electric car in segment C. It has a wheelbase of 2,611mm, dimensions (length x width x height) of 4,300 x 1,793 x 1,613 (mm), ground clearance of 180mm and unladen weight of 1,490kg. VF e34 is equipped with an electric motor for a maximum capacity of 110 kW, maximum torque of 242 Nm with front-wheel drive, MacPherson front suspension and torsion bar rear suspension. Additionally, it uses a 42kWh capacity battery for a traveling distance of 300km in a single full charge. To demonstrate product class and quality and for peace of mind of customers, VinFast pioneered in applying 10-year warranty policy for VF e34 model.

Moreover, as a smart electric car, VinFast VF e34 is equipped with a wide range of driver-assistance and use-centric features for easier and more enjoyable operation. These include remote software update, automatic diagnosis and warning of vehicle problems, remote customer care support, cruise planning, calling emergency rescue services, locating and finding charging stations and dealers, tracking battery charge status, vehicle operation history, anti-theft warning, learning and remembering user’s usage habits, and voice control, etc. More specially, the car is fully equipped with the most advanced safety features.

The first VinFast VF e34 cars are expected to be handed over to customers in November 2021. By the time of the next payment to receive the car, if the customers change their mind, the deposit fee will be refunded by VinFast without any fine.

On this occasion, Vingroup also announced the establishment of the Green Future Fund, which aims to encourage and support initiatives to improve the living environment, towards a sustainable future. The Green Future Fund will immediately donate VND 30 million to customers who change from fossil fuel-based vehicles (gasoline, oil) to electric cars, thereby contributing to reducing environmental pollution through the Smart Solution’s “Car Exchange Offer” service.

(*) Basis for calculating battery subscription fees of VinFast VF e34 electric cars:

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– Estimated cost of gasoline (1): VND 1,482/ km (the current gasoline price is VND 19,000/ liter and average gasoline consumption of 7.8 liters/100km)

– Estimated cost of electricity (2): VND 484/ km (the current price of electricity at level 5 is VND 3,117/ kW and the average energy consumption is 15.52 kW/100km). Customers pay this fee when charging the batteries at home or at the charging station.

– Cost of battery rental payable by customers to VinFast: (3) = (1) – (2) = VND 998