Vietnam Vinfast puts new electric model in the market, model VF e34 priced at VND690 million (US$29,820), the company said Wednesday.

Buyers can visit the website http://shop.vinfastauto.com or VinFast’s showrooms and merchants nationwide to make a refundable deposit, valued VND10 million, for each pre-order. A deposit will be refunded if orders are cancelled.

VinFast is going ahead with its battery leasing plan which allows customers to rent out batteries separately from the EV.

It is intended to reduce the initial cost of buying an EV for customers and let the automaker bear all the risks regarding the EV battery’s quality and lifespan.

The company has been working around the clock to build a network of about 40,000 charging stations across the nation by the end of this year.

VinFast, which is also producing electric motorbikes and buses this year, signed a contract to produce EV batteries with Taiwan’s ProLogium.

VinFast has just become the 57th automaker to receive a license to test self-driving EVs in California, US.

The launch of high-tech electric vehicles, including electric scooters, electric buses, and personal electric cars, is part of VinFast’s pre-defined roadmap since entering the automotive market three years ago.

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