The Vietnamese company, a subsidiary of conglomerate Vingroup JSC, had said in January its first VF8 all-electric crossovers would be available to lease at a monthly payment of $599 for 24 months.
Its website showed as of Monday a monthly lease price of $399 for the vehicle for a 24-month lease. The company told people who had already paid a refundable deposit on the car that the payment would be $274 per month in California, the first U.S. state to receive the vehicles, according to messages to those potential buyers reviewed by Reuters.
That amounts to a discount of between 33% and 54% from the initially advertised monthly lease price.
VinFast did not immediately have a comment on the pricing.
The move represents the latest sign of increased price competition by EV makers. Tesla, the global EV leader, cut prices globally by up to 20% in January, although it has increased prices on some models and in some markets by smaller margins since.
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