VinFast builds electric vehicle factory in North Carolina

Accordingly, the project has an investment of up to 2 billion USD in phase 1 and will create thousands of jobs for local workers.

VinFast’s factory will be located at Triangle Innovation Point industrial park, Chatham County with an area of ​​about 800 hectares and includes 3 main areas: Area for manufacturing and assembling electric cars and electric buses, and battery production area. for products tram and ancillary industry for suppliers.

Phase 1 of the plant will start construction right in 2022 after receiving the construction permit and is expected to be operational in July 2024. The capacity of phase 1 is expected to be 150,000 vehicles/year. According to the memorandum of understanding, VinFast will continue to invest in the factory in various phases. The first models produced at the factory include the VF 9 – a 7-seat large SUV and the VF 8 – a 5-seat mid-size SUV.

North Carolina Governor Roy Cooper said: “North Carolina is rapidly becoming the center of the clean energy economy. VinFast’s large-scale project will bring many good jobs to the locality, as well as a cleaner environment when more and more electric vehicles appear on the streets, contributing to reducing greenhouse gas emissions.”

The factory will also create thousands of new local jobs. The North Carolina Department of Commerce is the promotion agency to attract investment from VinFast, with the coordination of many state, regional and local organizations.

North Carolina Secretary of Commerce Machelle Baker Sanders said: “Automotive assembly plants are a strong driver of economic growth because of their positive effects on the regional economy. I am very pleased that VinFast has chosen North Carolina as the starting place for its production activities in North America. We will actively coordinate to ensure that VinFast can recruit a highly skilled workforce to meet the company’s development requirements.”

VinFast was established in 2017 with its headquarters in Hanoi and a modern, large-scale production complex with a capacity of up to 950,000 vehicles per year by 2026 in Hai Phong, Vietnam.

Currently, VinFast has established operations in international markets, including the US, Canada, Germany, France and the Netherlands. The company’s green product ecosystem is distributing in Vietnam including car electric scooters, electric motorbikes, electric buses, charging station systems and clean energy solutions.

Ms. Le Thi Thu Thuy – Vice President of Vingroup and General Director of VinFast – shared: “North Carolina’s strong commitments to developing clean energy, combating climate change and reducing greenhouse gas emissions in transportation make it an ideal location for VinFast to develop electric vehicle products. High-end, smart and eco-friendly.

The production facility right in the market will help VinFast to proactively supply, stabilize prices and shorten product supply time, making VinFast’s electric vehicles more accessible to customers, contributing to the realization of local environmental improvement goals”.

Through the project to build a factory in the US, VinFast affirms its serious development plan and investment in the international market in general and the US in particular, while ensuring its capacity and production autonomy plan. exported globally.

VinFast is a brand car The only luxury in Vietnam, with a breakthrough development rate. The company has developed the first 3 car models, and built, installed and put into operation a factory in Vietnam within just 21 months.

Recently, Vingroup also started construction of VinES battery factory in Ha Tinh, Vietnam with the scale for phase 1 of 8ha and expected capacity of 5GWh per year. It is expected that the VinES battery factory will be completed and put into operation by the end of 2022.

In November 2021, VinFast announced two models of VF 8 (formerly known as VF e35) and VF 9 (VF e36) at the Los Angeles Auto Show. The company also introduced three new electric vehicle models (VF 5, VF 6 and VF 7) at the CES 2022 Consumer Electronics Show in January 2022 in Las Vegas, creating a complete product range for all five segments. segment, from small crossovers to large SUVs.