VinFast Auto has officially announced the pricing and opened reservations for the VF 5 electric crossover in the Philippines, just over a month after debuting the brand in the market.
The VF 5 electric crossover is priced at PHP 1,191,000 with battery. In addition, VinFast also offers an attractive battery subscription program that is optimized for the diverse mobility needs of each customer. Under the battery subscription program, the VF 5 has the price of PHP 992,000.
The battery subscription plan for the VF 5 offers monthly fees based on driving distance, with customers paying PHP5,800 for a maximum of 1,500 km per month.
Starting from July 20, 2024, customers in the Philippines can place a reservation for the VF 5 electric car with a deposit of PHP5,000 per vehicle at VinFast’s dealership showrooms (the reservation is refundable under VinFast’s policy).
Customers will receive a direct discount of PHP50,000 and freebies worth more than PHP50,000 per vehicle.
Customers will also receive support for payment of PHP69,000 or PHP99,000 per vehicle when completing the purchase through bank loan or direct payment methods, applicable to purchase with and without battery subscription respectively.
From July 20, 2024, to August 5, 2024, VinFast is offering an attractive promotion for customers reserving the VF 5 without battery subscription. Specifically, customers stand a chance to win one of 100 discounts of PHP95,000 per vehicle through raffle off program.
Ms. Nguyen Thi Minh Ngoc, CEO of VinFast Philippines, shared: “We are delighted to officially enter the Philippines, one of Southeast Asia’s most promising electric vehicle markets. By launching the VF 5 and introducing our unique battery subscription program to local consumers, we reaffirm our commitment to providing high-quality, affordable products with excellent after-sales services. We hope that VinFast electric cars will soon become the daily mode of transportation for everyone, contributing to the green transportation movement in the Philippines.”
The VF 5 is a compact car measuring 3,967 mm in length, 1,723 mm in width, and 1,578 mm in height. It is equipped with a 100-kW motor, 135 Nm of torque, and front-wheel drive. With a 37.23 kWh lithium-ion battery, the VF 5 has a range of 326 km per full charge (NEDC standard) and can charge from 10% to 70% in just 33 minutes.
As a trendy urban vehicle, the VinFast VF 5 features a youthful design with various interior/exterior color options and is equipped with advanced technologies such as automatic vehicle fault diagnosis, intrusion monitoring and alert, remote software updates, basic cruise control, blind-spot warning, and more.
VinFast offers flexible purchasing options for electric vehicles with and without batteries in the Philippine market, catering to diverse consumer needs. VinFast’s battery subscription program is one of the market’s pioneering sales strategies, reducing the initial purchase cost and making it easier for customers to access high-quality smart electric vehicles.
In terms of after-sales services, VinFast will offer market-leading policies with a 7-year/160,000 km warranty. For customers opting for battery subscription, VinFast provides free maintenance and battery replacement if the maximum battery capacity falls below 70%, ensuring a worry-free experience for customers throughout their vehicle ownership.
Just over a month after entering the market, VinFast has officially opened its first three dealership stores, launched the VF 5 in the most popular segment, and plans to start delivering vehicles to Filipino customers within 2024.
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