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VinFast set to break ground on EV plant in U.S. by end-July

The Saigon Times

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HCMC – Vietnamese automaker VinFast has announced to begin work on its inaugural electric vehicle (EV) plant in the U.S. state of North Carolina on July 28.

VinFast’s EV plant will be situated within the Triangle Innovation Point in Chatham County, North Carolina. Spanning an area of 733 hectares, the plant will have an initial annual capacity of 150,000 vehicles.

The facility comprises two primary sections: an electric vehicle production site, and a supporting industrial zone for suppliers.

VinFast has already obtained permits for the initial phase of the project, as confirmed by a company representative.

Earlier, VinFast received a US$1.2 billion incentive for the construction of the factory from the government of North Carolina, the city of Sanford, Chatham County, and the Golden Leaf Foundation.

With operations expected to commence in 2025, the plant aims to supply electric vehicles to the North American market.

VinFast’s facility represents the first electric vehicle manufacturing plant in North Carolina, signaling a significant step forward in the automaker’s commitment to green transportation.

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