VinFast Canada has reduced the price of the VF 9 by $29,000 | Car News

With Earth Day just around the corner, it’s electric week at Auto123 as we turn on the lights for key events in the EV segment.

On the eve of the opening of the Montreal Electric Vehicle Show, automaker VinFast announced a big discount on the price of the three-row VF 9 SUV, its second model coming to Canada.

The company also confirmed that the first VF 9 all-electric units will arrive in Canada this month.

An email sent to buyers who had reserved the VF 9 brought the news to everyone. The electric SUV will now be offered with a starting price of $74,890, down from $103,750. The VF 9 Plus variant, which offers additional equipment, will start at $78,890.

With all applicable fees, the total price is now $77,321 and $81,321, respectively.

The company is doing this because, well, it had no choice. Priced at more than $100,000, the VF 9 would have no chance of competing with products like the new Kia EV9 that debuts this year at a more reasonable $59,999, which makes it eligible for EV rebates from both levels of government. .

“We believe this new price offers a more competitive option for Canadian VinFast enthusiasts,” the company said in a statement (below).

While the VF 9 looks good, how it handles and how reliable it is both remain to be determined. The EV boasts a range of up to 531 km, and the dual-motor setup means its 402 hp is sent to all four wheels. The fact that it seats seven makes it attractive, as there is more demand than supply at the moment in the electric 7 seater segment.

VinFast is this weekend at the Salon du véhicule électrique de Montréal with its VF 9, if you happen to be in the area and want a closer look.

VinFast, which delivered around 35,000 vehicles last year, expects to sell 100,000 worldwide this year. The company will have to roll up its sleeves even though in the first quarter of 2024, it delivered about 10,000 units.