VinFast enters the Philippine market with four new dealerships

VinFast Auto has recently signed agreements with the first four dealers in the Philippines. The agreements were formalized during a brand launch event in Manila, and the new partnerships involve EV Solutions, K1 Prestige Bay Motors Inc, Autoflare Corporation, all based in Manila, and MNV Auto Group Inc., located in Iloilo City. The opening of the first VinFast showrooms in Manila is scheduled for the end of June 2024.

These dealerships will begin selling VinFast models, including the VF 5, VF e34, VF 7, and VF 9, once they are launched. Customer deliveries of the first cars are expected to start in the third quarter of this year. VinFast is also exploring the possibility of introducing the VF 3, a mini e-SUV popular in Vietnam, along with electric motorbikes and bicycles to the Philippine market.

To make electric vehicles more affordable for Filipino consumers, VinFast will offer a battery subscription policy, that is made to reduce the upfront cost of electric vehicles, making them more accessible by allowing customers to purchase cars at a lower price while paying a monthly fee for the battery.

VinFast also stresses strong after-sales support, offering a 7-10 year warranty on vehicles. For customers choosing the battery subscription option, there is an additional benefit of free battery replacement and maintenance if the battery capacity falls below 70%.

Representatives from the new dealership partnerships have expressed excitement about contributing to the electric car revolution in the Philippines. 

VinFast plans to expand its presence aggressively in the Philippines in 2024, opening many dealerships across the country, that will be located on major roads in Manila and other cities to respond to the growing demand for electric vehicles among the Philippine middle class.