VinFast Auto Ltd. (NASDAQ:VFS) shares are trading marginally higher in the premarket session on Wednesday.
Yesterday, the company officially launched its flagship VF 9 all-electric, 7-passenger, 3-row SUV in the U.S., marking a significant step in the company's expansion into one of the world's most competitive automotive markets.
The VF 9 is positioned as a premium choice in the full-size SUV segment, offering eco-conscious consumers a spacious, luxurious, and environmentally friendly alternative, with limited competition in the electric vehicle (EV) space, according to a press release.
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Available now for delivery across VinFast's California retail network, the VF 9 comes in two versions: the Eco model, priced at $69,800, and the Plus model, starting at $73,800.
A special promotion offers the Plus version for qualified lessees at $529 per month, with a $3,500 discount and a $2,000 down payment. The Eco model will follow later this year, the company said.
With dimensions of 201.5 inches in length, 78.9 inches in width, and a 7.2-inch ground clearance, the VF 9 is designed to accommodate large families while providing a 330-mile range for the Eco model and 291 miles for the Plus. Key features include a customizable 15.6-inch touchscreen, advanced driver-assistance systems (ADAS), 11 airbags, and a spacious interior with extra cargo space.
The VF 9 comes with a warranty and service package covering 10 years or 125,000 miles for the vehicle, along with 24/7 roadside assistance and mobile repair services.
According to Benzinga Pro, VFS stock has decreased over 24% in the past year.
Price Action: VFS shares are trading higher by 0.74% to $4.08 premarket at last check Wednesday.
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