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Tuesday, June 18, 2024

VinFast to stop manufacturing gasoline cars in late 2022

By Hoang Bao

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HCMC – VinFast will stop manufacturing gasoline-powered vehicles at the end of 2022 to move toward becoming the electric automaker this year, the Vietnamese automaker announced at the 2022 CES, taking place in the United States.

After ceasing the production of gasoline-powered cars, the automaker will focus solely on manufacturing electric vehicles.

The cessation is aimed at making VinFast cars all electric at the end of 2022, said Le Thi Thu Thuy, vice chairman of Vingroup and CEO of VinFast Global.

In late 2018, VinFast introduced three gasoline-powered vehicle models, Fadil, Lux A 2.0 and SA 2.0. Its first commercial vehicle was turned out at its factory in Haiphong City in March 2019.

In 2019, over 17,000 gasoline-powered VinFast cars found buyers, while the number of VinFast cars sold in 2020 reached nearly 30,000, according to VinFast.

Between January and November last year, VinFast sold over 25,500 cars.

After nearly three years of trading vehicles in the Vietnamese market, VinFast sold over 72,000 gasoline-powered vehicles.

Apart from renaming two of its electric SUV models, VFe35 and VFe36, into VF8 and VF9, at the event, the world’s biggest consumer electronics and technology expo, VinFast also launched three new models, VF5, VF6 and VF7. The date these models will go on sale has yet to be announced.

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