VinFast to break ground on its EV factory in the US next week

July 19, 2023 | 18:00
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Vietnamese automaker VinFast will hold a groundbreaking ceremony for its electric vehicle (EV) factory in North Carolina on July 28.
VinFast to break ground for factory in the US next week

This will be the first EV production facility in North Carolina. The project is expected to speed up the global green mobility revolution and contribute to the supply of EVs in North America.

Covering an area of approximately 1,800 acres, VinFast's manufacturing facility will be built at the Triangle Innovation Point in Chatham County, North Carolina.

The factory is designed to reach a capacity of 150,000 vehicles per year in Phase 1. It will consist of two main areas covering EV production and assembly, and the complex will also house supplementary supplier businesses.

The project has received basic permits to begin Phase 1 construction. When the manufacturing complex commences operations, VinFast’s factory will create an ecosystem of suppliers and help generate thousands of new jobs.

Le Thi Thu Thuy, CEO of VinFast said, “The manufacturing facility in North Carolina is one of VinFast's key projects. When it begins operations, the factory will be our primary supplier of EVs for the North American market, allowing us to optimise our production and business activities. We hope the construction of the factory in Chatham County will contribute to advancing the clean energy economy in the US and help to support North Carolina’s green mobility strategy.”

The factory is slated to begin production in 2025. Last year, VinFast was awarded a $1.2 billion 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 new factory, VinFast is accelerating its business and brand recognition in the US by expanding its retail store and service centre system, organising local test drives, and displaying its products at events throughout California. These efforts will aid in bringing opportunities for customers to directly experience VinFast’s EVs.

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By Thanh Van

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