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Vietnamese EV OEM Makes Massive Investment in North Carolina

Vietnamese electric vehicle (EV) OEM VinFast has officially broken ground at its manufacturing site, located within the Triangle Innovation Point in Chatham County, North Carolina, USA. The groundbreaking ceremony marked a significant milestone toward VinFast's global expansion and the company's supply chain development in North America. VinFast's US factory project is the first EV manufacturing facility in North Carolina, as well as the largest economic development initiative in the state's history.

North Carolina Governor, Roy Cooper, Vietnamese Ambassador to the USA, Nguyen Quoc Dung, and representatives from state and federal governments attended the event along with a gathering of VinFast's partners, customers, industry experts and journalists.

The plant, which has a Phase 1 total investment of up to $2 billion, spans an area of approximately 1,800 acres and is divided into five main production areas, including a body shop, general assembly, press shop , paint shop and an energy center.

In the initial phase, the factory will focus on building VinFast's VF 7, VF 8 and VF 9 electric vehicles with an expected production capacity of 150,000 vehicles per year. The supplier base for components and materials will be primarily concentrated in the US, Vietnam and a few other countries. Future expansion and updates for the factory will be identified in the next phase.

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