Vinfast to build EV factory in US’s North Carolina
Wednesday, 19/07/2023 14:35 (GMT+7)
VinFast, the subsidiary automaker of Vietnamese conglomerate Vingroup, will organize a groundbreaking ceremony of its electric vehicle (EV) factory in North Carolina, the US, on July 28.
 |
| VinFast's factory in Hai Phong city (Photo: vinfasthaiphong.vn) |
The factory will be built at the Triangle Innovation Point in Chatham County in area of approximately 733 ha. The EV factory is designed to produce 150,000 vehicles per year in Phase 1. The factory will consist of two main areas: production and assembly.
This will be the first EV manufacturing factory in the state and help contribute to the supply of this kind of vehicles in North America, accelerating the global green mobility revolution.
The project has received basic permits to build the Phase 1. When the manufacturing complex commences operations, VinFast's factory will create an ecosystem of suppliers and help generate thousands of new jobs.
The facility is expected to put into operation in 2025. Previously, VinFast was awarded a 1.2 billion USD incentive package from the State of North Carolina for this project, along with critical financial support from the City of Sanford, Chatham County, and the Golden Leaf Foundation.
In addition to the factory construction, VinFast is promoting its business and brand recognition in the US by expanding its retail store and service centre system, organising test drives and displaying products in the US, bringing opportunities for customers to directly experience VinFast's EVs./.
BTA