Explanation of the confusing VinFast battery subscription and car pricing

This is the smallest VF 8 shown with the three largest VF 9 rows on the front.

VinFast

Manufacturer Startup EV VinFast It has already pledged to sell cars in the US by the end of this year. The Vietnamese automaker is taking a unique path in the market, however, by segregating the cost of batteries and making them available by subscription only. That’s right, batteries are not included.

Following its recent announcement of the plant in the United Statesat the New York Auto Show on Wednesday, the automaker announced pricing for its battery subscriptions All-electric VF 8 and VF 9 SUVs, plus pricing for the updated model. There are two battery pricing structures for both models, the flexible plan for more casual drivers and the unlimited fixed plan for heavier users.

Why does VinFast do this? Batteries are the largest fixed cost in electric vehicles, and the company hopes that by separating the cost of the package from the car, customers will find the company’s vehicle prices more attractive. Additionally, by taking responsibility for the battery, VinFast also hopes to avoid customer concerns about packaging degradation and maintenance costs.

VinFast VF 8 and VF battery subscription prices

Here’s where things get a little complicated. The monthly cost for the flexible plan is $35 for the smaller five-seat FV 8 and $44 for the row 9 VF, which has a larger battery. This is the monthly average for the first 310 miles of travel. From mile 311 onwards, the entry fee is about 11 cents for VF 8 and 15 cents for VF 9 on a per mile basis. This means that if a VF 8 owner drives 300 extra miles per month, they will spend an extra $33, or $68 for 610 miles in one month. Likewise, a VF 9 user would spend an additional $45 or a total of $89 for 610 miles of driving per month.

It seems safe to assume that VinFast’s monthly fixed plan with unlimited bands will be more popular, as these packages are still reasonably priced at $110 for VF 8 and $160 for VF 9. Shipping provided is available and fast, it’s an attractive deal, especially in the world of It costs $4 per gallon of gasoline.

However, the stability and convenience of the Vinfast Freight Network feels like a bit of an allowance. The automaker’s official shipping partner was recently announced Electrify America, the company whose rapidly expanding network has been serially attacked for its inconsistent service. What’s more, the deal only means new VinFast owners get two free shipping sessions—much lower than other welcome car rates that often include several months of free shipping.

This subscription price is guaranteed for those who Reserve and deposit an amount for a 2022 SUV carInterestingly, the lease is also transferable to the next owner, should the original buyer choose to resell his vehicle. On top of that, the battery carries a lifetime warranty with no maintenance costs, and VinFast promises to replace the battery when the pack has deteriorated below 70% usability.

This type of battery subscription/rental model has not been tried extensively in the US before. France’s Renault has achieved some success with a similar scheme Zoe EVHowever, it remains unclear how much US consumers are interested in this type of arrangement. It’s a bold gamble.

VinFast VF 8 and VF 9 Pricing

Of course, the cost of a battery subscription is higher than the price of the car itself. The automaker just released updated pricing for the 2022 VinFast VF 8 and VF 9 as well. Both models come in two trims, Eco and Plus, with different standard equipment levels. Confusingly, both models also feature two different battery capacities and the resulting range ratings, albeit at oddly minimal price differences:

VF 8 Eco Battery Version 1 (260-mile range): $40,700
VF 8 Eco Battery Version 2 (range 292 miles): $41,000
VF 8 Plus Battery Version 1 (range 248 miles): $47,700
VF 8 Plus Battery Version 2 (range 277 miles): $48000

VF 9 Eco Battery Version 1 (range 279 miles): $55,500
VF 9 Eco Battery Version 2 (range 369 miles): $56,000
VF 9 Plus Battery Version 1 (range 262 miles): $60,500
VF 9 Plus Battery Version 2 (360-mile range): $61,000

*Noticeable: Final costs delivered for all models will be higher, as VinFast has not yet disclosed destination charges for the above models.

To underscore the above, that means there’s as little as $300 difference between the VF 8’s rims with actually different ranges or the $500 on the VF 9, where the range difference can be as much as 98 miles. Why would anyone choose the Battery 1 version for either model on Earth? Why would an automaker have the problem and costs of developing two different versions of batteries at different prices to a minimum?

If you’re considering a VinFast but the idea of ​​”batteries for rent” is a turn off, the automaker says it will eventually allow a battery to be purchased with a car in the future, just like any other manufacturer. The company expects to offer a 50/50 split between models with battery subscriptions and models with battery sales after the end of 2023.