Vinfast to hold EV factory groundbreaking ceremony in US

VinFast, the subsidiary automaker of Vietnamese conglomerate Vingroup, has announced it will hold a groundbreaking ceremony of its electric vehicle (EV) factory in North Carolina, the US, on July 28.

Wednesday, July 19, 2023 11:08

Vinfast to hold EV factory groundbreaking ceremony in US ảnh 1

VinFast will hold a groundbreaking ceremony of its electric vehicle (EV) factory in North Carolina, the US, on July 28. (Photo: VNA)

Hanoi (VNA) – VinFast, the subsidiary automaker of Vietnameseconglomerate Vingroup, has announced it will hold a groundbreaking ceremony of its electric vehicle (EV) factory in North Carolina,the US, on July 28.

This will be the first EV manufacturingfacility in the state and help contribute to the supply of this kind of vehicles in North America, accelerating the global greenmobility revolution.

The facility will be built at theTriangle Innovation Point in Chatham County. Covering anarea of approximately 1,800 acres, VinFast's factory is designed to reach acapacity of 150,000 vehicles per year in Phase 1. The factory will consist oftwo main areas: production and assembly. The complex will alsohouse supplementary supplier businesses.

The project has received basic permits to begin Phase1 construction. When the manufacturing complex commences operations, VinFast'sfactory will create an ecosystem of suppliers and help generate thousands of newjobs.

Le Thi Thu Thuy, CEO of VinFast Auto, said that themanufacturing facility in North Carolina is one of VinFast's keyprojects. When it begins operations, the factory will be VinFast's primarysupplier of EVs to the North American market. The company also hopesthe construction of the factory in Chatham County will contribute toadvancing the clean energy economy in the US and help to support NorthCarolina's green mobility strategy.

The factory is expected to start production in 2025.Last year, VinFast was awarded a 1.2 billion USD incentive packagefrom the State of North Carolina for this project, along withcritical financial support from the City of Sanford, Chatham County, andthe Golden Leaf Foundation.

In addition to thefactory, VinFast is accelerating its business and brand recognition in the US by expanding its retail store and service centre system, organising local testdrives and displaying products events throughout California. These effortswill aid in bringing opportunities for customers to directly experienceVinFast's EVs./.

VNA

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