Cebuana
Lhuillier’s Ka Negosyo Program to Provide Exclusive Financing for Xpress Driver
Partners

0%
Commission to Support Drivers Transitioning to Hybrid &amp; EVs

Manila, Philippines –
February 18, 2025 – The Xpress EV: Sustainable Rides, Pinoy Pride
event at Blue Leaf Pavilion, McKinley Hill, marked a major milestone in
Philippine transportation as Xpress, the country’s fastest-growing
ride-hailing platform, officially announced its partnership with BYD and
ACMobility to accelerate the shift to sustainable urban mobility.

BYD
and Xpress: Leading the Charge for Sustainable Mobility

Through this
collaboration, Xpress is taking a bold step toward electrifying its fleet,
integrating BYD’s industry-leading electric and hybrid vehicles into its
ride-hailing platform. The initiative aligns with Xpress’s long-term vision
of making EV adoption accessible, cost-effective, and beneficial for drivers
and passengers alike.

To further support
drivers making the transition from traditional vehicles to hybrid and electric
models, Xpress is rolling out a 0% commission program for a limited time.
During this transition period, drivers who operate EVs and hybrid
vehicles through Xpress will retain 100% of their earnings, helping
them recover their investment faster and realize the financial
benefits of sustainable mobility immediately.

Kickstarting
EV Adoption Through the Xpress Negosyo Program

Understanding that upfront
costs remain a major barrier to EV adoption, Xpress has launched the Negosyo
Program, securing the first batch of hybrid and electric vehicles to
provide drivers with an accessible pathway into the EV ecosystem.

Additionally, Xpress has
partnered with Cebuana Lhuillier’s Ka Negosyo Program, which is offering
exclusive financing options tailored for Xpress driver partners. This
initiative will provide affordable payment terms for EV and hybrid vehicle
purchases, focusing on drivers in Metro Manila and other key cities
nationwide.

Industry
Leaders Rally Behind Xpress’s EV Vision

During the event, Cliff
Cabungcal, President of Xpress, emphasized the transformational role of
this partnership in reshaping the ride-hailing industry.

"The future of
urban transport is sustainable, and Xpress is committed to leading this
transition. Our partnership with BYD allows us to integrate cutting-edge EV
technology into our platform, while our driver-support programs help ensure a
smooth and profitable transition for our partners," said
Cabungcal.

Jaime Alfonso Zobel de
Ayala, CEO of ACMobility, expressed his excitement for the
partnership, stating:

"Xpress is the
first ride-hailing company in the Philippines to implement such a
forward-thinking program. Their commitment to sustainability and driver
empowerment aligns perfectly with AC Mobility’s vision. Through our investment
in EV charging infrastructure, we are ensuring that this transition is not just
possible, but practical and accessible for drivers nationwide."

ACMobility has invested over
$100M in expanding EV charging networks, ensuring that Xpress EV drivers
will have access to reliable charging stations, even in previously
underserved areas.

Jean Henri Lhuillier,
Chairman of Xpress, reinforced Xpress’s role as a leader in EV adoption,
stating:

"The transition to
EVs is not just about sustainability—it’s about securing better earnings, lower
operating costs, and financial stability for our drivers as they become
entrepreneurs. That’s why Xpress is introducing a 0% commission program for a limited
time to support their transition. With the backing of Cebuana Lhuillier’s Ka
Negosyo Program, Xpress driver partners now have a pathway to EV ownership,
making this shift more accessible than ever."

A
Game-Changer for Philippine Ride-Hailing

The Xpress EV
initiative represents a transformational shift in Philippine
ride-hailing, combining industry-leading EV technology, driver financing
solutions, and infrastructure investment to create a clean, efficient,
and driver-first mobility ecosystem.

With BYD’s proven EV
technology, ACMobility’s nationwide charging network, and Xpress’s
commitment to empowering drivers, this initiative paves the way for a new
era of sustainable transport in the Philippines.

Get ready for a transportation revolution! Xpress is turbocharging the shift to sustainable mobility in the Philippines by teaming up with BYD, AC Mobility, and Cebuana Lhuillier’s Ka Negosyo Program. We're electrifying our fleet with state-of-the-art electric and hybrid vehicles—and our groundbreaking 0% commission program with exclusive financing makes the leap to eco-friendly rides irresistibly rewarding. Industry leaders are buzzing with excitement over this game-changing move, heralding a future of cleaner, faster, and more efficient urban transport. Join us on this thrilling ride toward a sustainable tomorrow! Cebuana
Lhuillier’s Ka Negosyo Program to Provide Exclusive Financing for Xpress Driver
Partners0%
Commission to Support Drivers Transitioning to Hybrid &amp; EVsManila, Philippines –
February 18, 2025 – The Xpress EV: Sustainable Rides, Pinoy Pride
event at Blue Leaf Pavilion, McKinley Hill, marked a major milestone in
Philippine transportation as Xpress, the country’s fastest-growing
ride-hailing platform, officially announced its partnership with BYD and
ACMobility to accelerate the shift to sustainable urban mobility.BYD
and Xpress: Leading the Charge for Sustainable Mobility<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/4692065b-e39d-4931-f311-02ace922b000/public" alt="Jaime Alfonso Zobel de
Ayala, CEO of ACMobility&nbsp;and&nbsp;Jean Henri Lhuillier,
Chairman of Xpress" />Through this
collaboration, Xpress is taking a bold step toward electrifying its fleet,
integrating BYD’s industry-leading electric and hybrid vehicles into its
ride-hailing platform. The initiative aligns with Xpress’s long-term vision
of making EV adoption accessible, cost-effective, and beneficial for drivers
and passengers alike.To further support
drivers making the transition from traditional vehicles to hybrid and electric
models, Xpress is rolling out a 0% commission program for a limited time.
During this transition period, drivers who operate EVs and hybrid
vehicles through Xpress will retain 100% of their earnings, helping
them recover their investment faster and realize the financial
benefits of sustainable mobility immediately.Kickstarting
EV Adoption Through the Xpress Negosyo ProgramUnderstanding that upfront
costs remain a major barrier to EV adoption, Xpress has launched the Negosyo
Program, securing the first batch of hybrid and electric vehicles to
provide drivers with an accessible pathway into the EV ecosystem.Additionally, Xpress has
partnered with Cebuana Lhuillier’s Ka Negosyo Program, which is offering
exclusive financing options tailored for Xpress driver partners. This
initiative will provide affordable payment terms for EV and hybrid vehicle
purchases, focusing on drivers in Metro Manila and other key cities
nationwide.<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/9606a911-b4d9-48d5-4c43-ce30a4da9700/public" alt="Xpress's new Fleet staring&nbsp;the BYD Sealion 6" />Industry
Leaders Rally Behind Xpress’s EV VisionDuring the event, Cliff
Cabungcal, President of Xpress, emphasized the transformational role of
this partnership in reshaping the ride-hailing industry."The future of
urban transport is sustainable, and Xpress is committed to leading this
transition. Our partnership with BYD allows us to integrate cutting-edge EV
technology into our platform, while our driver-support programs help ensure a
smooth and profitable transition for our partners," said
Cabungcal.Jaime Alfonso Zobel de
Ayala, CEO of ACMobility, expressed his excitement for the
partnership, stating:"Xpress is the
first ride-hailing company in the Philippines to implement such a
forward-thinking program. Their commitment to sustainability and driver
empowerment aligns perfectly with AC Mobility’s vision. Through our investment
in EV charging infrastructure, we are ensuring that this transition is not just
possible, but practical and accessible for drivers nationwide."ACMobility has invested over
$100M in expanding EV charging networks, ensuring that Xpress EV drivers
will have access to reliable charging stations, even in previously
underserved areas.Jean Henri Lhuillier,
Chairman of Xpress, reinforced Xpress’s role as a leader in EV adoption,
stating:"The transition to
EVs is not just about sustainability—it’s about securing better earnings, lower
operating costs, and financial stability for our drivers as they become
entrepreneurs. That’s why Xpress is introducing a 0% commission program for a limited
time to support their transition. With the backing of Cebuana Lhuillier’s Ka
Negosyo Program, Xpress driver partners now have a pathway to EV ownership,
making this shift more accessible than ever."A
Game-Changer for Philippine Ride-HailingThe Xpress EV
initiative represents a transformational shift in Philippine
ride-hailing, combining industry-leading EV technology, driver financing
solutions, and infrastructure investment to create a clean, efficient,
and driver-first mobility ecosystem.With BYD’s proven EV
technology, ACMobility’s nationwide charging network, and Xpress’s
commitment to empowering drivers, this initiative paves the way for a new
era of sustainable transport in the Philippines.

Mobile app

Credit card / Loan

Automotive / Automotive Supplies

Green technology

Event

Get ready for a transportation revolution! Xpress is turbocharging the shift to sustainable mobility in the Philippines by teaming up with BYD, AC Mobility, and Cebuana Lhuillier’s Ka Negosyo Program. We're electrifying our fleet with state-of-the-art electric and hybrid vehicles—and our groundbreaking 0% commission program with exclusive financing makes the leap to eco-friendly rides irresistibly rewarding. Industry leaders are buzzing with excitement over this game-changing move, heralding a future of cleaner, faster, and more efficient urban transport. Join us on this thrilling ride toward a sustainable tomorrow!

Xpress and BYD Partner to Drive EV Adoption in the Philippines

Manila, Philippines- Cebuana Lhuillier, the largest microfinancial institution in the Philippine , is making bold strides into the future of mobility with a strategic investment in Byahe, a modern transport company focused on electric and modern jeepneys. This follows the successful launch of its ridehailing app, Xpress, further strengthens the company’s mission to reshape mobility across the nation.

Byahe is currently operating seven routes with a fleet of over 100 modern and eJeepneys. As part of their expansion, Byahe is set to add more routes in 2025, helping accelerate the Philippines' shift towards cleaner, more efficient urban transportation. Cebuana’s strategic partnership with Byahe introduces synergies between its Xpress ridesharing services and Byahe’s eco-friendly fleet, enhancing the accessibility and sustainability of mobility options for Filipinos.

Brian Cu, co-founder of Byahe and former Country Manager of Grab Philippines, brings essential expertise to the table. Cu, who was instrumental in expanding Grab’s presence in the country, is positioned to guide Byahe’s growth and further strengthen the partnership with Cebuana Lhuillier.

This move is also part of Cebuana Lhuillier's larger strategy to offer a full suite of services to Filipinos. The company integrates financial solutions with mobility services, including vehicle financing, digital payments, and the Kanegosyo Center, which supports drivers of TNVS, 2W MC taxis, and jeepneys into being entrepreneurs. Cebuana’s expansive network of over 3,500 branches across the country ensures easy access to these services, improving mobility and financial inclusion.

Jean Henri Lhuillier, President and CEO of Cebuana Lhuillier, shared, “Our investment in Byahe reflects our commitment to innovation and sustainability in transport, empowering Filipinos with better mobility and financial inclusion.”

With its growing mobility portfolio, Cebuana Lhuillier, now including Xpress and Byahe, is shaping the future of transportation in the Philippines, making it greener, more efficient, and accessible for all Filipinos.

To learn more about Cebuana Lhuillier and its Xpress ride-hailing app, visit&nbsp;<a href="https://www.xpress.ph/" target="_blank">www.xpress.ph</a>&nbsp;and&nbsp;<a href="https://www.cebuanalhuillier.com/" target="_blank">www.cebuanalhuillier.com</a>.

Manila, Philippines- Cebuana Lhuillier, the largest microfinancial institution in the Philippine , is making bold strides into the future of mobility with a strategic investment in Byahe, a modern transport company focused on electric and modern jeepneys. This follows the successful launch of its ridehailing app, Xpress, further strengthens the company’s mission to reshape mobility across the nation.<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/cd6ed967-f551-48da-4cfa-3c4240613400/public" alt="L-R Andre D. Lhuillier, Senior Executive Vice President of Cebuana Lhuillier, Jean Henri D. Lhuillier, President-CEO of Cebuana Lhuillier, Ambassador Philippe Jones Lhuillier, Chairman of the Board and Founder, Brian Cu, Co-Founder of Byahe, Laurence Bahia, President of Byahe." />Byahe is currently operating seven routes with a fleet of over 100 modern and eJeepneys. As part of their expansion, Byahe is set to add more routes in 2025, helping accelerate the Philippines' shift towards cleaner, more efficient urban transportation. Cebuana’s strategic partnership with Byahe introduces synergies between its Xpress ridesharing services and Byahe’s eco-friendly fleet, enhancing the accessibility and sustainability of mobility options for Filipinos.Brian Cu, co-founder of Byahe and former Country Manager of Grab Philippines, brings essential expertise to the table. Cu, who was instrumental in expanding Grab’s presence in the country, is positioned to guide Byahe’s growth and further strengthen the partnership with Cebuana Lhuillier.This move is also part of Cebuana Lhuillier's larger strategy to offer a full suite of services to Filipinos. The company integrates financial solutions with mobility services, including vehicle financing, digital payments, and the Kanegosyo Center, which supports drivers of TNVS, 2W MC taxis, and jeepneys into being entrepreneurs. Cebuana’s expansive network of over 3,500 branches across the country ensures easy access to these services, improving mobility and financial inclusion.Jean Henri Lhuillier, President and CEO of Cebuana Lhuillier, shared, “Our investment in Byahe reflects our commitment to innovation and sustainability in transport, empowering Filipinos with better mobility and financial inclusion.”With its growing mobility portfolio, Cebuana Lhuillier, now including Xpress and Byahe, is shaping the future of transportation in the Philippines, making it greener, more efficient, and accessible for all Filipinos.To learn more about Cebuana Lhuillier and its Xpress ride-hailing app, visit&nbsp;<a href="https://www.xpress.ph/" target="_blank">www.xpress.ph</a>&nbsp;and&nbsp;<a href="https://www.cebuanalhuillier.com/" target="_blank">www.cebuanalhuillier.com</a>.

Electricity / Gas / Resources / Energy

Venture Capitals

Cebuana Lhuillier Drives the Future of Mobility with Strategic Investment in Byahe

Metro Manila, Philippines – Xpress is thrilled to announce its strategic partnerships with the Boracay Local Government Unit (LGU), Mayor Floribar Bautista, Vice Mayor Niño Cawaling, and the Boracay Land Transport Multi-Purpose Cooperative (BLTMPC), including Chairman Joel V. Gelito, Vice Chairman Prodencio Vargas, and General Manager Joan Pineda. Together, we are launching a groundbreaking digital solution to revolutionize e-trike transportation on Boracay Island. This innovative e-trike booking system aligns with the island’s sustainability goals, significantly enhances local infrastructure, and supports the community’s economic development.

Transforming Transportation in Boracay

Boracay Xpress’ digital platform is designed to streamline and organize the e-trike services on the island. By integrating all available transportation options, the system provides real-time updates and advanced booking features, promoting efficient and eco-friendly travel for both locals and tourists. This initiative not only supports fair competition among e-trike operators but also creates job opportunities for the local community.

Key features of the Boracay Xpress platform include:

Insurance Options: Providing peace of mind for both riders and drivers.

Live Monitoring Dashboard: Ensuring transparency and efficient management of transportation services.

Scam Prevention: Implementing measures to protect passengers from fraudulent activities.

Scan &amp; Ride: Enables quick ride starts through QR code scans for expedited pickups.

Additionally, Xpress ensures that Riders and Drivers are well-trained and prepared for any circumstances they might encounter. To support this, Xpress provides Emergency Training Response for all Riders and Drivers. This training has proven effective, as demonstrated by its success in Manila, where equipped riders assisted individuals involved in minor accidents. Xpress will implement this practice in Boracay to enhance safety and maintain high-quality service.Commitment to Regional Adaptation and Collaboration

Our partnership with Boracay exemplifies Xpress’ dedication to tailoring our services to regional needs while strengthening relationships with local authorities. By emphasizing sustainability, fair competition, and job creation, Xpress is committed to fostering positive change and supporting local community development.Furthermore, Xpress is dedicated to providing our partner Riders and Drivers the chance to go closer to financial independence. Through seminars and training sessions, we enhance their financial literacy and entrepreneurial skills. We are working along with Ka-GoNegosyo, led by Cebuana Lhuillier to advance this vision and support our community's growth.

In line with our goal to empower more MSMEs across the Philippines, we have expanded our customized LGU programs and are now collaborating with four additional LGUs to implement similar initiatives to drive economic growth and foster entrepreneurship.

Xpress is a leading transportation service provider dedicated to delivering reliable, innovative, and sustainable travel solutions. Through strategic partnerships and cutting-edge technology, Xpress continues to redefine transportation standards, ensuring safety, convenience, and satisfaction for all users.

For more information about Boracay Xpress, and other initiatives, please visit <a href="http://www.xpress.ph">www.xpress.ph</a>.&nbsp;

What
Xpress is launching a digital e-trike booking system in Boracay, designed to enhance transportation efficiency, promote sustainability, and support local economic growth. Key features include real-time updates, scam prevention, QR code-enabled rides, and a live monitoring dashboard.

Who
The initiative is a partnership between Xpress, the Boracay Local Government Unit (LGU), Mayor Floribar Bautista, Vice Mayor Niño Cawaling, the Boracay Land Transport Multi-Purpose Cooperative (BLTMPC), Chairman Joel V. Gelito, Vice Chairman Prodencio Vargas, and General Manager Joan Pineda.

When
The timeline of the launch is not explicitly stated but includes prior successes in Manila as a reference for implementation.

Where
Boracay Island, Philippines.

How
Xpress is implementing a digital platform for e-trike services, complemented by rider and driver emergency response training, financial literacy seminars, and collaborations with initiatives like Ka-GoNegosyo. The approach emphasizes regional adaptation, sustainability, and economic empowerment. Metro Manila, Philippines – Xpress is thrilled to announce its strategic partnerships with the Boracay Local Government Unit (LGU), Mayor Floribar Bautista, Vice Mayor Niño Cawaling, and the Boracay Land Transport Multi-Purpose Cooperative (BLTMPC), including Chairman Joel V. Gelito, Vice Chairman Prodencio Vargas, and General Manager Joan Pineda. Together, we are launching a groundbreaking digital solution to revolutionize e-trike transportation on Boracay Island. This innovative e-trike booking system aligns with the island’s sustainability goals, significantly enhances local infrastructure, and supports the community’s economic development.<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/c6cf4d51-ace4-4699-3034-d23ce2bf6a00/public" alt="An event held in Boracay" />Transforming Transportation in BoracayBoracay Xpress’ digital platform is designed to streamline and organize the e-trike services on the island. By integrating all available transportation options, the system provides real-time updates and advanced booking features, promoting efficient and eco-friendly travel for both locals and tourists. This initiative not only supports fair competition among e-trike operators but also creates job opportunities for the local community.Key features of the Boracay Xpress platform include:Insurance Options: Providing peace of mind for both riders and drivers.Live Monitoring Dashboard: Ensuring transparency and efficient management of transportation services.Scam Prevention: Implementing measures to protect passengers from fraudulent activities.Scan &amp; Ride: Enables quick ride starts through QR code scans for expedited pickups.<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/2cbcb706-5a5f-4987-a23b-413cb105df00/public" alt="&nbsp;Xpress Riders in Boracay" />Additionally, Xpress ensures that Riders and Drivers are well-trained and prepared for any circumstances they might encounter. To support this, Xpress provides Emergency Training Response for all Riders and Drivers. This training has proven effective, as demonstrated by its success in Manila, where equipped riders assisted individuals involved in minor accidents. Xpress will implement this practice in Boracay to enhance safety and maintain high-quality service.Commitment to Regional Adaptation and CollaborationOur partnership with Boracay exemplifies Xpress’ dedication to tailoring our services to regional needs while strengthening relationships with local authorities. By emphasizing sustainability, fair competition, and job creation, Xpress is committed to fostering positive change and supporting local community development.Furthermore, Xpress is dedicated to providing our partner Riders and Drivers the chance to go closer to financial independence. Through seminars and training sessions, we enhance their financial literacy and entrepreneurial skills. We are working along with Ka-GoNegosyo, led by Cebuana Lhuillier to advance this vision and support our community's growth.In line with our goal to empower more MSMEs across the Philippines, we have expanded our customized LGU programs and are now collaborating with four additional LGUs to implement similar initiatives to drive economic growth and foster entrepreneurship.About XpressXpress is a leading transportation service provider dedicated to delivering reliable, innovative, and sustainable travel solutions. Through strategic partnerships and cutting-edge technology, Xpress continues to redefine transportation standards, ensuring safety, convenience, and satisfaction for all users.For more information about Boracay Xpress, and other initiatives, please visit <a href="http://www.xpress.ph">www.xpress.ph</a>.&nbsp;

Car / Car Supplies

Motorcycles / Motorcycle Supplies

Advertising / Promotion / PR

Campaign

What
Xpress is launching a digital e-trike booking system in Boracay, designed to enhance transportation efficiency, promote sustainability, and support local economic growth. Key features include real-time updates, scam prevention, QR code-enabled rides, and a live monitoring dashboard.

Who
The initiative is a partnership between Xpress, the Boracay Local Government Unit (LGU), Mayor Floribar Bautista, Vice Mayor Niño Cawaling, the Boracay Land Transport Multi-Purpose Cooperative (BLTMPC), Chairman Joel V. Gelito, Vice Chairman Prodencio Vargas, and General Manager Joan Pineda.

When
The timeline of the launch is not explicitly stated but includes prior successes in Manila as a reference for implementation.

Where
Boracay Island, Philippines.

How
Xpress is implementing a digital platform for e-trike services, complemented by rider and driver emergency response training, financial literacy seminars, and collaborations with initiatives like Ka-GoNegosyo. The approach emphasizes regional adaptation, sustainability, and economic empowerment.

Innovative Transportation Solutions:  Xpress Partners with Boracay for Sustainable and Organized E-Trike Services

Weighing the Benefits: The VF 3 vs. A-Segment Cars vs. Motorbikes

VinFast launched the VF 3, its electric mini-SUV, in the Philippines last September 17, offering a budget-friendly option with low operating costs comparable to A-segment cars and some two-wheeled vehicles. In this story, VinFast compares the numbers and highlights the benefits that demonstrate why the VF 3 stands out as a truly cost-effective vehicle for Filipinos.

MANILA, PHILIPPINES |&nbsp; 24 September 2024 -- As the electric vehicle (EV) market expands globally, VinFast, the upstart EV maker, officially launched its VF 3 mini-SUV to the Philippines last September 17, 2024.&nbsp; This marks the first VF 3 international launch outside of its home market, and VinFast’s latest offering comes with bold claims: the electric mini-SUV promises better comfort, weather protection, and a monthly operating cost that rivals that of some A-segment cars and the humble gasoline motorbike.

The idea of owning a mini-SUV with operating costs almost at par with an entry-level vehicle or a motorcycle seems too good to be true, but VinFast may just have found a way to make it possible.

A Cost Comparison: VF 3 vs. Gasoline Vehicles VinFast has set the VF 3 at an introductory price of Php 605,000 (with battery subscription) or Php 705,000 (with battery purchase) for early customers. After September 30, the prices will revert to Php 645,000 and Php 745,000, respectively. However, the real game-changer here isn’t the purchase price but rather the operating costs of owning a VF 3.

To see how the VF 3 fares in comparison to its gasoline-powered alternatives in the Philippines, VinFast crunched some numbers and compared the monthly operating costs of the VF 3 (both battery purchase and subscription versions) to those of a typical ICE car in the A-segment and a standard gasoline motorbike. Here's how they did it:

Methodology VinFast began by analyzing the average fuel consumption of three common A-segment ICE cars (price range of Php 660,000 to Php 840,000) and three popular gasoline motorbikes (price range of Php 81,000 to Php 166,900), resulting in 5.803 L/100km and 2.12 L/100km, respectively. They also calculated the VF 3's energy consumption at 13.95 kWh/100km.&nbsp; Additionally, VinFast factored in the average electricity cost (Php 11.34/kWh) and gasoline price (Php 64.34/L) in the Philippines. For the VF 3, they considered VinFast's battery subscription plan, which reduces the initial price by Php 100,000 and added a monthly fee based on travel distance:

- Under 1,500 km: Php 2,800 - 1,500-2,500 km: Php 3,800 - Over 2,500 km: Php 6,300

The monthly operating costs for driving 1,500, 2,500, and 3,500 kilometers were calculated using these figures. The fuel or energy costs for an average ICE motorbike/car and the VF 3 (with battery purchase) were determined using the following formula: (Monthly Distance) x (Energy Cost Per Kilometer) x (Fuel/Electricity Price). For the VF 3 with a battery subscription, the subscription fee was added to the calculation.

As the table shows, the VF 3's battery purchase version costs about half as much to run as the average ICE car in the A-segment, particularly as distance increases. Even with the battery subscription plan, the VF 3 still offers a lower operating cost compared to gasoline cars, though it is significantly higher than a motorbike due to the added subscription fee (although the subscription model already helps lower the initial purchase price by Php 100,000, potentially amounting to years of subscription fee). The Evident Benefits of the VF 3 For budget-minded consumers, the VF 3's value proposition is clear. At a slightly higher operating cost than a motorbike, you gain the comfort of a mini-SUV, complete with air conditioning and shelter from the elements, all while enjoying the fuel savings of an electric vehicle. For those considering an entry-level car, the VF 3 is a cost-efficient solution for the daily commute.&nbsp; Perfect for city driving, the VF 3's compact size makes it easy to navigate urban areas, while still providing the safety typically found in larger cars.

Maintaining an electric vehicle is also significantly simpler compared to an ICE car or even a motorcycle. Electric cars like the VF 3 require far less maintenance. There’s no engine oil to change, and fewer mechanical parts mean a longer maintenance cycle.&nbsp; Moreover, the VF 3 is a personal statement with 9 colors to choose from and offers a playful canvas for customization, truly allowing you to put your own stamp on the car.

VinFast also offers one of the best after-sales service programs in the market. The VF 3 comes with a 7-year or 160,000-kilometer warranty for the vehicle itself, while the battery (if purchased) has an 8-year, unlimited mileage warranty.&nbsp; If you opt for the battery subscription, VinFast takes it a step further by providing free battery replacement if the charging capacity drops below 70%. This assurance goes a long way in eliminating concerns about battery lifespan and overall vehicle reliability.

Is the VF 3 Worth It? Ultimately, the decision comes down to your personal needs and preferences. If you're looking for something more substantial than a motorbike but still want to keep your monthly operating costs low, the VF 3 presents a compelling case as a fully enclosed vehicle with better safety, comfort, and practicality.&nbsp; Just like in Vietnam, the VF 3 offers city-dwellers in the Philippines an affordable entry point into the world of electric vehicles without sacrificing comfort or convenience.

Launch Promo Pricing From September 26 to October 15, early customers who reserve the VF 3 will enjoy several attractive incentives and privileges, including a special price of Php 605,000 (battery subscription) or Php 705,000 (battery included). After this period, the prices will revert to the MSRP of Php 645,000 (battery subscription) and Php 745,000 (battery included).

Additionally, early VF 3 customers will have the privilege of choosing from nine striking exterior paint colors, including four base colors and five premium options, free of charge. Premium paint colors will cost an additional Php 20,000 after this period.&nbsp; Moreover, for only Php 40,000, early customers can customize their car's paint beyond the nine available colors. This will be the only time VinFast offers this exclusive privilege for the VF 3.

VinFast is accepting deposits of Php 5,000 through its official website (<a href="https://shop.vinfastauto.ph/vf3">https://shop.vinfastauto.ph/vf3</a>) or at authorized dealerships (refundable under VinFast's terms).

Since its launch a week ago, the VinFast VF 3 has sparked significant interest, particularly among those considering buying an electric vehicle (EV) or purchasing their first car. As one of the most affordable EV options in the Philippines, the VF 3 combines low operating costs with the practicality of an A-segment car and even some two-wheeled vehicles.

VinFast has prepared this story that presents a cost breakdown of owning a VF 3 and highlights the key benefits, thereby demonstrating why the VF 3 is a game-changer for Filipinos. This mini-SUV E is designed to offer both practicality and savings, making it an ideal choice in today’s market.

Additionally, customers who reserve the VF 3 from September 26 to October 15 can avail of a special price for as low as Php 605,000. More details on this special introductory pricing are found in the press release. <h2>Weighing the Benefits: The VF 3 vs. A-Segment Cars vs. Motorbikes</h2> VinFast launched the VF 3, its electric mini-SUV, in the Philippines last September 17, offering a budget-friendly option with low operating costs comparable to A-segment cars and some two-wheeled vehicles. In this story, VinFast compares the numbers and highlights the benefits that demonstrate why the VF 3 stands out as a truly cost-effective vehicle for Filipinos. MANILA, PHILIPPINES |&nbsp; 24 September 2024 -- As the electric vehicle (EV) market expands globally, VinFast, the upstart EV maker, officially launched its VF 3 mini-SUV to the Philippines last September 17, 2024.&nbsp; This marks the first VF 3 international launch outside of its home market, and VinFast’s latest offering comes with bold claims: the electric mini-SUV promises better comfort, weather protection, and a monthly operating cost that rivals that of some A-segment cars and the humble gasoline motorbike.The idea of owning a mini-SUV with operating costs almost at par with an entry-level vehicle or a motorcycle seems too good to be true, but VinFast may just have found a way to make it possible.<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/ed616f8c-4a46-4794-234e-1bcde5d0c500/public" alt="The VinFast VF 3 officially landed in the Philippines last September 17, 2024" /> A Cost Comparison: VF 3 vs. Gasoline Vehicles VinFast has set the VF 3 at an introductory price of Php 605,000 (with battery subscription) or Php 705,000 (with battery purchase) for early customers. After September 30, the prices will revert to Php 645,000 and Php 745,000, respectively. However, the real game-changer here isn’t the purchase price but rather the operating costs of owning a VF 3.To see how the VF 3 fares in comparison to its gasoline-powered alternatives in the Philippines, VinFast crunched some numbers and compared the monthly operating costs of the VF 3 (both battery purchase and subscription versions) to those of a typical ICE car in the A-segment and a standard gasoline motorbike. Here's how they did it: Methodology VinFast began by analyzing the average fuel consumption of three common A-segment ICE cars (price range of Php 660,000 to Php 840,000) and three popular gasoline motorbikes (price range of Php 81,000 to Php 166,900), resulting in 5.803 L/100km and 2.12 L/100km, respectively. They also calculated the VF 3's energy consumption at 13.95 kWh/100km.&nbsp; Additionally, VinFast factored in the average electricity cost (Php 11.34/kWh) and gasoline price (Php 64.34/L) in the Philippines. For the VF 3, they considered VinFast's battery subscription plan, which reduces the initial price by Php 100,000 and added a monthly fee based on travel distance:- Under 1,500 km: Php 2,800 - 1,500-2,500 km: Php 3,800 - Over 2,500 km: Php 6,300The monthly operating costs for driving 1,500, 2,500, and 3,500 kilometers were calculated using these figures. The fuel or energy costs for an average ICE motorbike/car and the VF 3 (with battery purchase) were determined using the following formula: (Monthly Distance) x (Energy Cost Per Kilometer) x (Fuel/Electricity Price). For the VF 3 with a battery subscription, the subscription fee was added to the calculation. <img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/95d5ce8e-2007-4777-da32-626300315c00/public" alt="Image" />As the table shows, the VF 3's battery purchase version costs about half as much to run as the average ICE car in the A-segment, particularly as distance increases. Even with the battery subscription plan, the VF 3 still offers a lower operating cost compared to gasoline cars, though it is significantly higher than a motorbike due to the added subscription fee (although the subscription model already helps lower the initial purchase price by Php 100,000, potentially amounting to years of subscription fee). The Evident Benefits of the VF 3 For budget-minded consumers, the VF 3's value proposition is clear. At a slightly higher operating cost than a motorbike, you gain the comfort of a mini-SUV, complete with air conditioning and shelter from the elements, all while enjoying the fuel savings of an electric vehicle. For those considering an entry-level car, the VF 3 is a cost-efficient solution for the daily commute.&nbsp; Perfect for city driving, the VF 3's compact size makes it easy to navigate urban areas, while still providing the safety typically found in larger cars.<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/833971fc-bbab-4b32-08f0-3874f675c100/public" alt="Image" />Maintaining an electric vehicle is also significantly simpler compared to an ICE car or even a motorcycle. Electric cars like the VF 3 require far less maintenance. There’s no engine oil to change, and fewer mechanical parts mean a longer maintenance cycle.&nbsp; Moreover, the VF 3 is a personal statement with 9 colors to choose from and offers a playful canvas for customization, truly allowing you to put your own stamp on the car.VinFast also offers one of the best after-sales service programs in the market. The VF 3 comes with a 7-year or 160,000-kilometer warranty for the vehicle itself, while the battery (if purchased) has an 8-year, unlimited mileage warranty.&nbsp; If you opt for the battery subscription, VinFast takes it a step further by providing free battery replacement if the charging capacity drops below 70%. This assurance goes a long way in eliminating concerns about battery lifespan and overall vehicle reliability.<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/8bd51724-ad66-4134-3feb-3fe45e1e7600/public" alt="Image" />Is the VF 3 Worth It? Ultimately, the decision comes down to your personal needs and preferences. If you're looking for something more substantial than a motorbike but still want to keep your monthly operating costs low, the VF 3 presents a compelling case as a fully enclosed vehicle with better safety, comfort, and practicality.&nbsp; Just like in Vietnam, the VF 3 offers city-dwellers in the Philippines an affordable entry point into the world of electric vehicles without sacrificing comfort or convenience.<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/28f575a2-49fd-4e5b-7805-9b9ad243c200/public" alt="Image" />Launch Promo Pricing From September 26 to October 15, early customers who reserve the VF 3 will enjoy several attractive incentives and privileges, including a special price of Php 605,000 (battery subscription) or Php 705,000 (battery included). After this period, the prices will revert to the MSRP of Php 645,000 (battery subscription) and Php 745,000 (battery included).Additionally, early VF 3 customers will have the privilege of choosing from nine striking exterior paint colors, including four base colors and five premium options, free of charge. Premium paint colors will cost an additional Php 20,000 after this period.&nbsp; Moreover, for only Php 40,000, early customers can customize their car's paint beyond the nine available colors. This will be the only time VinFast offers this exclusive privilege for the VF 3.VinFast is accepting deposits of Php 5,000 through its official website (<a href="https://shop.vinfastauto.ph/vf3">https://shop.vinfastauto.ph/vf3</a>) or at authorized dealerships (refundable under VinFast's terms). <img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/51f38847-a6a5-4282-ddca-70260dd0f800/public" alt="Image" />

Goods and services

Since its launch a week ago, the VinFast VF 3 has sparked significant interest, particularly among those considering buying an electric vehicle (EV) or purchasing their first car. As one of the most affordable EV options in the Philippines, the VF 3 combines low operating costs with the practicality of an A-segment car and even some two-wheeled vehicles.

VinFast has prepared this story that presents a cost breakdown of owning a VF 3 and highlights the key benefits, thereby demonstrating why the VF 3 is a game-changer for Filipinos. This mini-SUV E is designed to offer both practicality and savings, making it an ideal choice in today’s market.

Additionally, customers who reserve the VF 3 from September 26 to October 15 can avail of a special price for as low as Php 605,000.  More details on this special introductory pricing are found in the press release.  

WEIGHING THE BENEFITS:  THE VF 3 vs. A-SEGMENT CARS vs. MOTORBIKES 

The public's appetite for gas guzzlers did not show signs of slowing down as local car manufacturers saw sales fatten in March.

Total motor vehicle sales in March leapfrogged 29% year-on-year to 36,880 units in March, a joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed on Wednesday.

Sales in March proved to be higher than the preceding month, benefitting largely from the domestic economy's full reopening. The industry was roiled by headwinds, as sales waxed and waned, since the pandemic ravaged the global economy in 2020.

'It is worth noting that the March 2023 sales performance is the second highest monthly performance in a post-pandemic time, after the more than 37,000-unit sales level recorded in December last year,' said CAMPI President Rommel Gutierrez.

First-quarter sales amounted to 97,824 units, expanding 30.1% on-year, CAMPI noted.

'In the same way, favorable economic conditions are also an important driving factor for sustained growth,' Gutierrez added.

Vehicle sales are often used as barometer of economic strength. The central bank, for instance, closely follows this gauge to measure consumer appetite for durable goods.

Household consumption represents 70% of annual economic output, and big purchases like cars materially add to gross domestic product when produced more.

In 2022, the economy grew at an average of 7.6% year-on-year, a figure that exceeded expectations as consumption showed resilience in the face of a multi-year high inflation.

Data broken down showed sales of passenger cars, comprising a 27.27% market share last month, skyrocketed 51.8% year-on-year. On a monthly basis, growth trailed at 39.91%.

Commercial vehicle sales rose 16.3% year-on-year to 26,822 units in March. This segment accounted for 72.73% market share in the previous month, inching up 13.1% month-on-month.

<h1>Local car sales balloon in March despite inflation in Philippines</h1>Sales in March proved to be higher than the preceding monthThe public's appetite for gas guzzlers did not show signs of slowing down as local car manufacturers saw sales fatten in March.Total motor vehicle sales in March leapfrogged 29% year-on-year to 36,880 units in March, a joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed on Wednesday.Sales in March proved to be higher than the preceding month, benefitting largely from the domestic economy's full reopening. The industry was roiled by headwinds, as sales waxed and waned, since the pandemic ravaged the global economy in 2020.'It is worth noting that the March 2023 sales performance is the second highest monthly performance in a post-pandemic time, after the more than 37,000-unit sales level recorded in December last year,' said CAMPI President Rommel Gutierrez.First-quarter sales amounted to 97,824 units, expanding 30.1% on-year, CAMPI noted.'In the same way, favorable economic conditions are also an important driving factor for sustained growth,' Gutierrez added.Vehicle sales are often used as barometer of economic strength. The central bank, for instance, closely follows this gauge to measure consumer appetite for durable goods.Household consumption represents 70% of annual economic output, and big purchases like cars materially add to gross domestic product when produced more.In 2022, the economy grew at an average of 7.6% year-on-year, a figure that exceeded expectations as consumption showed resilience in the face of a multi-year high inflation.Data broken down showed sales of passenger cars, comprising a 27.27% market share last month, skyrocketed 51.8% year-on-year. On a monthly basis, growth trailed at 39.91%.Commercial vehicle sales rose 16.3% year-on-year to 26,822 units in March. This segment accounted for 72.73% market share in the previous month, inching up 13.1% month-on-month.

Automotive / Motorcycle / Bicycle

Sales in March proved to be higher than the preceding month

Local car sales balloon in March despite inflation in Philippines

MANILA, Philippines – Toyota Philippines is prodding the government to provide an inclusive tax incentives to electric vehicles (EVs) to promote the electrification of the automotive industry and help mitigate the impact of climate change.

In an interview with Sunshine Cabrera, public relations head of Toyota PH, during last week’s 2023 International Ecotourism Travel Mart in Silang, Cavite, the carmaker representative said that incentives are important to sway Filipinos into shifting to EVs.

"But siguro, one of the ways of thinking ng customers kasi ngayon siyempre, 'pag electrified or hybrid, medyo mahal than regular," Cabrera said explaining the need for inclusive incentives to help the country move forward to using new technologies.

Toyota Philippines has yet to release a fully electric vehicle line in the country as it gears toward hybrid vehicles, noting the lack of infrastructure in the country.

"I think that would help not just the automotive industry but also other industries — kung motorcycle man — because it will also help promote the electrification of their products," Cabrera said.

Malacanang in January released Executive Order No. 12 series of 2023, which aims to lower the tariff rates for EVs and their components for the first five years.

However, this has received mixed reactions as it excluded electric motorcycles in the tax breaks, while the motorcycles comprise the majority of the country's transport mix with around eight million registered units to the Land Transportation Office.

Prominent stakeholders and think tanks are also vying for the inclusion of e-motorcycles in the tax breaks noting that the biggest number of motorists should not be excluded.

The electrification of transport is also part of the Philippine government's plan to hit its target to lower carbon emissions and comply with the Paris agreement to keep global warming below 2 degrees celsius.

Several landmark bills have also been passed to support this with the Republic Act 11697 or the Electric Vehicle Industry Development Act at its forefront.

<h1>Toyota Philippines calls for inclusive tax incentives on electric vehicles</h1>MANILA, Philippines – Toyota Philippines is prodding the government to provide an inclusive tax incentives to electric vehicles (EVs) to promote the electrification of the automotive industry and help mitigate the impact of climate change.In an interview with Sunshine Cabrera, public relations head of Toyota PH, during last week’s 2023 International Ecotourism Travel Mart in Silang, Cavite, the carmaker representative said that incentives are important to sway Filipinos into shifting to EVs."But siguro, one of the ways of thinking ng customers kasi ngayon siyempre, 'pag electrified or hybrid, medyo mahal than regular," Cabrera said explaining the need for inclusive incentives to help the country move forward to using new technologies.Toyota Philippines has yet to release a fully electric vehicle line in the country as it gears toward hybrid vehicles, noting the lack of infrastructure in the country."I think that would help not just the automotive industry but also other industries — kung motorcycle man — because it will also help promote the electrification of their products," Cabrera said.Malacanang in January released Executive Order No. 12 series of 2023, which aims to lower the tariff rates for EVs and their components for the first five years.However, this has received mixed reactions as it excluded electric motorcycles in the tax breaks, while the motorcycles comprise the majority of the country's transport mix with around eight million registered units to the Land Transportation Office.Prominent stakeholders and think tanks are also vying for the inclusion of e-motorcycles in the tax breaks noting that the biggest number of motorists should not be excluded.The electrification of transport is also part of the Philippine government's plan to hit its target to lower carbon emissions and comply with the Paris agreement to keep global warming below 2 degrees celsius.Several landmark bills have also been passed to support this with the Republic Act 11697 or the Electric Vehicle Industry Development Act at its forefront.