With the high cost of batteries for electric vehicles, VinFast’s leasing model will separate the battery from the cost of the car. The leasing cost would amount to a motorist’s average fuel bill per month. However, CEO Nguyen Thi Van Anh was not yet willing to disclose how much any of the company’s models would go for. “I’m going to give you a better product,” she said. “I’m giving you an SUV. I’m giving you a more spacious car.”
Van Anh will be relocating from Hanoi, Vietnam’s capital, to Los Angeles as the company prepares to make inroads in the US. According to Reuters, VinFast is aiming for a US listing and a valuation of up to $60 billion.