Vietnamese car manufacturer VinFast is set to break ground on its first electric vehicle (EV) manufacturing factory in North Carolina, US.
The facility is expected to boost the supply of EVs in North America.
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The 1,800-acre facility is located within Chatham County’s Triangle Innovation Point and is expected to produce 150,000 vehicles annually in its first production phase.
The plant will be divided into specific EV manufacturing and assembly segments. The property will also accommodate other suppliers.
The project has secured its required permissions to commence its first phase of development. VinFast’s plant will build an ecosystem of suppliers and is set to generate thousands of new jobs once it becomes operational.
VinFast Auto’s CEO Le Thi Thu Thuy said: “The manufacturing facility in North Carolina is one of VinFast’s key projects. When it begins operations, the factory will be VinFast’s primary supplier of electric vehicles to the North American market, allowing us to optimise production and business activities.
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By GlobalData“We hope the construction of the factory in Chatham County will contribute to advancing the clean energy economy in the US and help to support North Carolina’s green mobility strategy.”
The facility is scheduled to begin commercial production in 2025.
The state awarded VinFast a $1.2bn incentive package for use in this project last year, together with key financial support from the City of Sanford, Chatham County, and the Golden LEAF Foundation.
