VinFast to go fully electric earlier than scheduled

VinFast has ceased taking new orders for fossil-fuel vehicles and will start going fully electric from September.

From now to the end of August, VinFast will focus on meeting its last gasoline vehicle orders before going fully electric, the Vietnamese carmaker stated Friday.

VinFast initially planned to shift to electric vehicles by the end of this year, but the transition will come earlier as the number of orders for Lux and Fadil fossil-fuel vehicles had soared.

Previously, at the world’s largest Consumer Electronics Show (CES 2022) in early January, VinFast announced its plan to cease producing internal combustion engine cars and switch to electric vehicles (EV) by the end of this year.

The decision makes VinFast one of the pioneers in the world in abandoning the internal combustion engine and lead the global trend in switching to EVs.

VinFast has announced an EV product range including five models of VF 5, VF 6, VF 7, VF 8, VF 9 of all A-B-C-D-E segments.

Up to now, the EV startup has received more than 73,000 orders globally for electric car models. Two global models VF 8 and VF 9 are expected to be delivered to customers by the end of this year.

In Vietnam, VinFast started handing over its first VF e34 electric cars at the end of 2021. By the end of June 2022, more than 2,200 VF e34s had been delivered to customers, despite global supply chain disruptions.

Currently, the Vietnamese automaker is developing a system of 150,000 electric car and motorbike charging points nationwide, thereby completing its green mobility ecosystem in the country.

With the official cessation of production and trading of gasoline cars in the near future, VinFast will become the first and only purely electric car company in Vietnam.

The automaker is a subsidiary of Vingroup (HoSE: VIC), Vietnam's largest listed private company.