"VinFast Will Never Produce Gasoline Cars Again:" Southeast Asia's Leading EV Brand Swears Off ICE... Permanently [Yahoo! Finance]
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Source: Yahoo! Finance
The Elon Musk of Vietnam, Pham Nhat Vuong, just locked VinFast, the country's leading EV brand into an all-electric future with zero chance of going back to gasoline cars, while teasing “forget to charge” solutions that hint at a new kind of safety net for EV drivers. He made this known during Vingroup's April 2026 annual meeting. Like Musk, Vu?ng is Vietnam's richest man, founder and chairman of Vingroup, and the CEO of VinFast, the country's leading electric vehicle maker. As of April 2026, his net worth is estimated at over $33–35 billion, making him one of the top 100 wealthiest people globally. Founded in 2017 as part of Vu?ng's Vingroup. VinFast's first products were gas-powered cars and scooters, developed with help from European partners like BMW and Pininfarina. The debut lineup in 2018 included the Lux A2.0 sedan and Lux SA2.0 SUV, both based on BMW platforms. In 2020, VinFast began shifting toward electrification, announcing plans to phase out internal combustion eng
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