Blue SM announces sharing 80% of revenue for drivers purchasing new VinFast electric cars

This is the best revenue sharing level in the current market.

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Electric VinFast car

After launching the Xanh SM Platform, which is developed by GSM to connect drivers with transportation service demands to customers, GSM continues to announce its support policy for partner drivers buying new VinFast electric cars.

Accordingly, with partners purchasing VinFast cars based on the current policies being implemented by the company, Xanh SM commits to revenue sharing percentage of at least 78% (if reaching the threshold) and maximum of 80% (if exceeding the threshold and being rewarded) when participating in the Xanh SM Platform. This percentage level will be maintained for the first 3 years after joining the platform.

Mr. Nguyen Van Thanh – CEO of GSM – called it an unprecedented policy in the market and believes that this policy will receive positive response from partner drivers nationwide.

In the current market reality, the discount rate of some platforms such as Grab is 31%, which means users receive around 69% of the revenue, while for Be, it is around 25% – meaning users receive 75%.

With the combined policy of GSM and VinFast, drivers who intend to buy electric cars to operate Xanh SM service have many favorable conditions while VinFast has the opportunity to reach a new customer group.

Specifically, VinFast recently announced its support for an installment purchase program for electric cars with a maximum term of 8 years, with the highest value being 70% of the car price. The interest rate is calculated at 5% of the loan amount for the first 2 years, 9% for the following 3 years, and 9.5% for the last 3 years.