VinFast is reportedly slashing the lease price of its VF 8 City Edition model for buyers in California, with deliveries starting on Wednesday.
As of Monday, however, VinFast’s website showed that the price was cut down to $399 for the same schedule. Additionally, those who had already paid a refundable deposit were told to pay $274 per month, marking a discount of over 50%, according to Reuters.
Those unable to attend can pick up their cars or have them delivered beginning on March 2, VinFast said in a news release.
“Our team worked tirelessly to ensure VinFast vehicles meet the highest standards of quality, fit and finish our customers expect,” said Le Thi Thu Thuy, chairperson of VinFast and vice chair of its parent company, VinGroup. “The presence of VinFast electric cars on U.S. streets in the coming days is an important milestone, accelerating VinFast’s journey to compete in the U.S. and abroad.”
The VF 8 City Edition comes in Eco and Plus trim models, which have an EPA-rated range of 207 and 191 miles, respectively.
It also features an Advanced Driver Assistance System and Smart Services “to become a mobile platform that connects all aspects of life.”
VinFast, which filed for a U.S. IPO in December 2022, is set to build an assembly factory in North Carolina. After the U.S., the company is expected to expand deliveries to Canada, France, Germany and the Netherlands.