VinFast Auto, a trailblazer within the electric vehicle sector, announced pivotal cooperation agreements with four new dealers at its brand launch event in Manila. This move signals the company’s robust entry into the Philippine market and anchors its presence in Southeast Asia’s electric vehicle landscape.
The four partnerships—EV Solutions, K1 Prestige Bay Motors, Autoflare Corporation, all located in Manila, and MNV Auto Group based in Iloilo City—constitute the initial step toward a nationwide dealership network. VinFast’s first showrooms are slated for opening in Manila by the end of June 2024, aligning with the company’s sales launch.
The Philippine market will soon experience VinFast models such as the VF 5, VF e34, VF 7, and VF 9, with initial deliveries projected for the third quarter of this year. Reflecting its commitment to adaptability and consumer preference, VinFast explores the potential introduction of its acclaimed mini e-SUV, the VF 3, as well as electric motorbikes and bicycles. The company distinguishes itself through a battery subscription policy, reducing upfront costs and enhancing electric vehicle accessibility for Filipino consumers.
Ms. Nguyen Thi Minh Ngoc, CEO of VinFast Philippines, articulated the strategic implications of these partnerships: “Its an honor to be among the first VinFast dealerships driving the electric car revolution in the Philippines. Were impressed by VinFasts strong market potential, thanks to their variety of vehicles and industry-leading warranty. Together, well meet the growing Filipino demand for EVs and build a greener, smarter transportation future for the country.”
The company enhances its market proposition with an industry-leading after-sales service that includes a 7-10 year warranty for vehicles and a pioneering battery replacement and maintenance initiative for batteries operating below 70% capacity. This approach emphasizes VinFast’s dedication to excellence and customer satisfaction within the automotive domain.
Mr. Rafael Vincente R. Calinisan, representative from EV Solutions, remarked on the significance of this alliance: “By partnering with trusted and experienced automotive companies, VinFast is determined to deliver smart and convenient electric mobility solutions to Filipino consumers as soon as possible, offering complete peace of mind.”
“This collaboration marks a significant step forward, establishing VinFasts presence and laying a strong foundation for our long-term growth in the Philippines. Were further committed to expanding our electric vehicle dealership network across major cities, actively contributing to the unstoppable global shift towards green transportation,” he added.
With its recent expansions into Indonesia and Thailand, the Philippines marks VinFast’s third Southeast Asian venture in 2024. This swift regional growth showcases the company’s strategic agility and fortifies its position as a major player in the electric vehicle industry. As VinFast sets its sights on broader international markets including North America, Europe, and potentially the Middle East and Africa, its contributions are poised to shape a globally sustainable transportation future.
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