VinFast receives 3,000 orders for its newly released $23K VF 5 Plus electric SUV within nine hours
VinFast released its most affordable EV yet on Friday, the VF 5 Plus electric SUV, starting at around $23,000. According to VinFast, the electric SUV received 3,000 reservations within nine hours of opening orders.
VinFast has made a name for itself after producing and delivering the first fully electric vehicle sold in Vietnam.
The EV maker followed it up by vowing to end gas-powered vehicle production and move toward a fully electric lineup. VinFast debuted its first two EVs, the VF 8 and VF 9, at the 2021 LA Auto Show as it looked to expand its brand globally.
VinFast hit another major milestone in November, shipping its first batch of VF 8 electric SUVs to the US and becoming the first Vietnamese automaker to sell cars in the US earlier this year.
However, in a competitive US EV market still being dominated by Tesla, VinFast has already slashed VF 8 prices after the EV leaders price cuts earlier this year sparked concerns of a pricing war.
VinFast has since announced that new and previous VF 8 customers are eligible to receive up to $7,500 in tax credits in California.
To help overcome this, VinFast debuted its most affordable electric model yet, the VF 5 Plus on Friday. Initial reports suggest the electric SUV is already attracting new customers.
VinFast releases its cheapest EV yet, the VF 5 Plus
In a press release Friday, VinGroup, the parent company behind VinFast, said the EV maker will officially begin VF 5 Plus deliveries in Vietnam.
The VF 5 Plus is VinFast’s most affordable EV yet with a starting price of around VND 458 million ($19,500) plus battery costs. VinFast offers a monthly battery subscription that costs VND 1.6 million (roughly $68) which amounts to a total price of around VND 538 million ($22,900).
According to VinGroup, the low cost VF 5 Plus received over 3,000 reservations within nine hours of opening, with 80% of them converting to preorders. VinFast’s newest SUV is an A-SUV (compact) that delivers 100 kW (134 hp) maximum power and 135 Nm (100 lb-ft) of torque.
Powered by a 37.23 kWh lithium ion battery pack, the VF 5 Plus can drive over 300 km (186 miles) on a full charge according to VinGroup.
VinFast CEO Madam Le Thi Thu Thuy says:
The launch of the VF 5 Plus will provide customers with additional choices that suit the needs of the majority, thereby encouraging consumers to switch to electric vehicles and contributing to a sustainable future for all.
The move comes as low cost EVs are entering its domestic market like the $4,500 Hongguang Mini EV and others from Chinese automakers like BYD.
VinFast has not stated if the VF 5 electric SUV will make its way to the US. We’ll keep you updated if we hear anything.
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Climate XChange’s 9th Annual EV Raffle is your chance to win the electric car of your dreams – from Rivian to Tesla to Porsche and more!
But don’t wait, because there are only 5,000 tickets available!
Imagine getting to custom order your perfect EV, with every detail just the way you want it, up to $120,000, and with all taxes covered. That’s what the Grand Prize Winner gets to do – and you could be that winner.
How it works
Enter at CarbonRaffle.org/Electrek. Every ticket you buy is one entry to win. Climate XChange is only selling 5,000 tickets, which means your odds are better here than most internet sweepstakes! Plus, you can feel good knowing your ticket supports an amazing cause: pushing for state-level climate action and advancing the transition to a zero-emissions economy.
The prizes
- Grand Prize: Custom-built EV of your choice, valued up to $120,000, with all taxes covered.
- 2nd Place: $12,500 cash.
- 3rd Place: $7,500 cash.
- Early Bird Prize: Buy your ticket before December 31, 2024, and you’ll also be entered to win $10,000 on January 3, 2025.
That’s two drawings for the price of one ticket – and four chances to win big!
Why enter?
Climate XChange has been making dreams come true for nearly a decade. Last year’s winner drove off in a custom red Tesla Model X Plaid, and you could be next! Climate XChange takes fairness seriously: It prints every raffle ticket stub and live-streams the entire drawing process, ensuring transparency. Independent auditors oversee everything, so you know the drawing is legit.
Who is Climate XChange?
Climate XChange (CXC) is a nonpartisan nonprofit working to help states transition to a zero-emissions economy. It advances state climate policy through its State Climate Policy Network, connecting over 15,000 advocates and policymakers, and through its State Climate Policy Dashboard, a leading data platform for tracking climate action across the US.
Get your ticket today
Visit CarbonRaffle.org/Electrek to grab your ticket. Limited tickets are available – remember, Climate XChange is only selling 5,000 tickets – so don’t miss your shot at an electric future!
Climate XChange EV Raffle rules summary
- Must be 18 or older to enter.
- Tickets are available at CarbonRaffle.org/Electrek.
- Only 5,000 tickets will be sold.
- Early Bird Drawing on January 3, 2025.
- Grand Prize Drawing on February 28, 2025.
All proceeds support Climate XChange’s work to push for ambitious climate policy – so even if you don’t win, you’re still making a difference.
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China just connected its largest single-capacity solar farm built on a former coal mining area, which is in the Gobi Desert, to the grid.
The Mengxi Blue Ocean Photovoltaic Power Station, located in Otog Front Banner, Ordos, Inner Mongolia, came online on November 5. With a massive installed capacity of 3 gigawatts (GW) and over 5.9 million solar panels, the plant will generate around 5.7 billion kilowatt-hours of electricity annually – enough to power 2 million households.
This huge project will save about 1.71 million tons of standard coal each year and cut carbon dioxide emissions by roughly 4.7 million tons, which is equivalent to planting 62,700 hectares (around 155,000 acres) of trees.
Built on coal mining subsidence land, Mengxi Blue Ocean is part of China’s national West-East Electricity Transfer Project, which brings investment and development to western China west while supplying the growing need for electricity in the eastern provinces.
The solar farm includes the country’s first large-scale outdoor solar testing base in the Gobi Desert climate, demonstrating the potential for large solar installations in challenging environments.
The power station makes use of new rare earth alloy grounding materials, cutting costs by 40%. It also replaces traditional concrete foundations with steel to minimize impact on the local grassland ecosystem.
Chuang Xihong, deputy director of the Engineering Construction Department of Guodian Power Group, CHN Energy’s parent company, explained that Mengxi Blue Ocean is an agrivoltaic project as well [via PV Tech]:
Fine forage and sand-fixing plants are planted under the PV modules, providing grazing for Australian White Sheep and chickens. A composite ecological development model will be established where PV power generation and breeding will go hand in hand.
Read more: China powers up the world’s largest open-sea offshore solar farm
If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.
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