What's Happening?
Vietnamese electric vehicle manufacturer VinFast is showcasing its VF Limo Green electric multi-purpose vehicle (MPV) in the Philippines. This move signals the company's intention to enter the country's seven-seat MPV market. The VF Limo Green is a three-row, seven-seat electric vehicle equipped with a 60.13-kilowatt-hour battery and a single electric motor, delivering approximately 201 horsepower. It boasts a driving range of up to 450 kilometers under the NEDC testing cycle and supports DC fast charging, allowing the battery to charge from 10% to 70% in about 30 minutes. Although the vehicle has been shown to the market, VinFast has not yet formally launched it, characterizing current activities as a market teaser. The company has allowed
select content creators to test drive the vehicle, and pricing information suggests a starting price of around $18,500 with a battery subscription model.
Why It's Important?
VinFast's entry into the Philippine market with the VF Limo Green represents a significant step in the company's expansion strategy across Southeast Asia. By targeting the high-utilization segments such as ride-hailing fleets and shuttle services, VinFast is positioning itself to compete in a market traditionally dominated by internal combustion engine vehicles. The introduction of an electric MPV could accelerate the shift towards electrification in the region, offering a more sustainable alternative to conventional vehicles. This move could also influence other automakers to consider similar strategies, potentially leading to increased competition and innovation in the electric vehicle sector.
What's Next?
VinFast is expected to make a formal launch announcement for the VF Limo Green in the near future. The company is likely to continue gauging market response and refining its strategy based on feedback from the teaser phase. As VinFast expands its presence in Southeast Asia, it may explore additional markets and vehicle segments, further solidifying its position as a key player in the electric vehicle industry. Stakeholders, including fleet operators and private buyers, will be closely watching the company's next steps, as they could impact purchasing decisions and the broader adoption of electric vehicles in the region.
