1. The Most Affordable Car: Wuling Mini EV at 1.97 Billion VND
The Wuling brand currently offers two models in Vietnam: the Hongguang Mini EV (starting at 1.97 billion VND) and the Wuling Bingo (priced from 3.49 billion VND).
TMT Motors officially introduced the Wuling Hongguang Mini EV to the Vietnamese market in June last year. Initially, the two versions of the car were priced from 2.39 to 2.82 billion VND. However, due to underwhelming sales performance, the price has been gradually reduced to its current level, and the car’s name has been changed to Wuling Mini EV.
Wuling Mini EV.
As of October 1, 2024, TMT Group introduced the second Wuling model in the Vietnamese market, the Bingo, with four versions. These vehicles are assembled in Vietnam, and two lines will be available for early sale, with the remaining two expected to be delivered in the first quarter of 2025.
Wuling Binggo.
2. The Most Expensive Car: Rolls-Royce Spectre Priced at 18 Billion VND
The Rolls-Royce Spectre, unveiled in Vietnam in January 2024, is arguably the most prominent electric car in the country due to its segment, price, and possibly the owner’s level of “flair.”
Rolls-Royce Spectre.
The Rolls-Royce Spectre is equipped with two electric motors that deliver a maximum output of 585 horsepower and a peak torque of 900 Nm. Its lithium-ion 102 kWh battery enables a maximum range of 530 km. Despite its considerable weight of 2,890 kg, this luxury coupe can accelerate from 0 to 100 km/h in just 4.5 seconds thanks to its high performance.
3. Porsche Taycan: 9.5 Billion VND
Porsche is perhaps the first brand to distribute electric cars in Vietnam with the Porsche Taycan model. Porsche stands out from the majority by targeting customers who appreciate the sports car’s uniqueness and performance rather than focusing on charging stations or price.
The Porsche Taycan has a starting price of 4.6 billion VND and goes up to over 9.5 billion VND.
The mid-life upgrade of the Porsche Taycan was also introduced in Vietnam last October, featuring not only enhanced performance but also a wider range of versions compared to when it first went on sale in 2021.
The Porsche Taycan’s reference price in Vietnam starts at over 4.6 billion VND and goes up to more than 9.5 billion VND.
4. Mercedes-Maybach EQS 680 SUV: 7.6 Billion VND
Mercedes-Benz, a luxury car brand, offers a rich and diverse range of electric vehicles. Most Mercedes-Benz products are developed on a completely new architecture dedicated to electric vehicles, providing a unique experience and a distinct design compared to internal combustion engine models.
Mercedes-Maybach EQS 680.
Reference prices for Mercedes-Benz electric vehicles in Vietnam start from:
Mercedes-Benz EQB: 2,289,000,000 VND
Mercedes-Benz EQE SUV: 3,999,000,000 VND
Mercedes-Benz EQS SUV: 4,999,000,000 VND
Mercedes-Benz EQS Sedan: 5,009,000,000 VND
Mercedes-Maybach EQS 680 SUV: 7,610,000,000 VND
5. MG Cyberster: 3.2 Billion VND
Reference prices for MG models in Vietnam:
– MG4: From 828,000,000 VND
– MG Cyberster: 3,200,000,000 VND
MG Cyberster made its debut at the Vietnam Motor Show VMS 2024.
MG, a British-origin car brand, brings two electric models to the Vietnamese market, including the flagship sports car, the MG Cyberster.
6. VinFast: Priced from 240 Million VND to 2.3 Billion VND
Reference prices for VinFast models:
– VinFast VF 3: 240 million – 322 million VND
– VinFast VF 5: From 468 million VND
– VinFast VF 6: 675 million – 855 million VND
– VinFast VF 7: 850 million – 1.199 billion VND
– VinFast VF 8: 1.106 billion VND – 1.492 billion VND
– VinFast VF 9: 1.589 billion VND – 2.314 billion VND
– VinFast VF e34: 710 million – 830 million VND
VinFast, a Vietnamese electric car brand, continuously introduces new models to the market and has established an extensive charging station network across the country.
VinFast now covers almost all car segments in Vietnam.
The Future of Electric: A Struggling Chinese EV Company in Vietnam.
In the first half of 2024, TMT Motor experienced a 13.4% decline in revenue compared to the same period last year, totaling VND 1,323 billion.
The Wuling Mini EV’s ‘Pitfall’ in Vietnam: ‘It’s Not a Bad Car, But It Fails to Create Demand’
“Creating demand among customers is crucial for TMT Motors and Wuling’s success with their new product following the Mini EV, asserts prominent journalist Nguyen Thuc Hoang Linh. With his insightful analysis, Linh highlights the importance of understanding consumer desires to ensure a positive market response for the upcoming release.”
The Ultimate Electric Vehicle Deal: Wuling Mini EV Standard Edition Now at an Unbelievable Price of Just 185 Million VND – A Bargain Equivalent to Two SH 160i Scooters!
According to the consultant, this is one of the last remaining Wuling Mini EV LV1 120 km range models available across the nationwide dealership network.
The Electric Vehicle Conundrum: Are Chinese Discounts Too Good to Be True?
The recent significant price drop of the Wuling Mini EV has sparked concerns among some consumers about the pricing strategies of Chinese-made electric vehicles sold in Vietnam.
The Big Automotive Sale: Massive Discounts on Select Models, Slashing Prices by the Hundreds of Millions!
The automotive market is experiencing a sluggish sales period, and to counter this, official dealerships are offering hefty discounts of up to hundreds of millions of dong on slow-moving models to clear inventory, especially during this “ghost month” when sales are typically less than ideal.
