Vinfast builds a factory in the US

According to the announcement above, the $4 billion facility will create 7,000 more jobs and produce thousands of electric vehicles and batteries each year.

The US leader said this is the latest example of his economic strategy. It builds on recent announcements from companies like GM, Ford, and Siemens about investing in the US and creating jobs.

President Biden emphasized that efforts to build a green energy economy are motivating businesses to contribute more to rebuilding supply chains in the US and reducing costs for people.

“Since taking office, we have implemented an industrial strategy to revitalize our domestic manufacturing industry by creating good-paying jobs for Americans, strengthening our supply chains,” Biden added. of the United States and powering future industries such as electric vehicles. We’ve found that strategy to be increasingly effective. Last year, I signed the bipartisan Infrastructure Act to build electric vehicle charging infrastructure and brought together the American Auto Workers Union and car manufacturers at the White House to sign an executive order to achieve 50% market share of electric vehicle sales by 2030”.

“Congress has the opportunity with competition legislation like the bipartisan Innovation Act to double down on the progress we’ve made in rebuilding our industrial base to create more high-paying jobs.” produce more in the US – including the semiconductors needed by the auto industry – and lower prices for working families.”

In January 2022, with the introduction of a complete range of electric car products to the global market, VinFast announced a roadmap to stop traditional car production from the end of 2022. This shift has received a lot of attention. support from the community, when VinFast is one of the pioneer car brands in the world to completely convert to pure electric vehicle production.