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VinFast builds electric vehicle factory in the US

VinFast’s electric vehicle factory construction project in North Carolina (USA) has an investment of up to 2 billion USD in phase 1 and will create thousands of jobs for local workers.

VinFast has just announced that this car company and the North Carolina state government (USA) have announced the signing of a memorandum of understanding on the construction of VinFast’s first manufacturing plant in the North American market.

VinFast’s factory will be located at Triangle Innovation Point industrial park, Chatham County with an area of ​​about 800ha and includes 3 main areas: production and assembly area for electric cars and electric buses; battery production area for electric vehicle products and ancillary industry area 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.

VinFast builds electric vehicle factory in the US

According to Mr. Roy Cooper – Governor of North Carolina, 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.

Machelle Baker Sanders – North Carolina Secretary of Commerce said that auto assembly plants are a strong driver of economic growth because of their positive effects on the region’s economy.

“We will actively coordinate to ensure that VinFast can recruit a highly skilled workforce that meets the company’s development requirements.” – said Mrs. Machelle Baker Sanders.

VinFast builds electric vehicle factory in the US

Le Thi Thu Thuy – Vice President of Vingroup and General Director of VinFast Global shared: “North Carolina’s strong commitments to clean energy development, combating climate change and reducing greenhouse gas emissions In transportation, making this place an ideal place for VinFast to develop high-end, smart and environmentally friendly electric vehicle products. 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 development plan and serious investment in the international market in general and the US in particular; while ensuring the capacity and planning of production autonomy globally.

VinFast was established in 2017 with its head office 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.

VinFast has now established operations in international markets, including the US, Canada, Germany, France and the Netherlands.

The company’s green product ecosystem distributed in Vietnam includes electric cars, electric motorbikes, electric buses, charging stations and clean energy solutions.

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.

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

The Dinh

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