Friday, 24 March, 2023

VinFast to invest $2B in North Carolina EV factory

<p>Vietnamese carmaker, VinFast has announced they will be building their first factory in the US in North Carolina. The factory will take 1,976 acres of space and will require an investment of $2B. The carmaker said that the first phase of the project will be complete by 2024 and will have the capacity to produce 150,000 vehicles. The factory will be building two passenger vehicles, electric buses as well as batteries for EVs and ancillary industries for suppliers.</p>