Daily Newsletter

16 July 2024

Daily Newsletter

16 July 2024

Ground broken on VinFast’s new EV assembly plant in Subang

With an annual production capacity set at 50,000 vehicles, the facility represents an investment of roughly $200m.

Upasana Mukherjee July 15 2024

VinFast Auto, the Vietnam-based electric vehicle (EV) manufacturer, has broken ground on its new assembly plant in Subang, West Java, Indonesia.  

The ground-breaking ceremony was marked by the presence of VinFast Indonesia CEO Temmy Wiradjaja and Vingroup's senior advisor to chair Nguyen Duc Thanh, among others. 

The Subang facility represents an investment of approximately $200m.  

With an annual production capacity set for 50,000 EVs, the plant will encompass various production areas, including a Body Shop, General Assembly Shop, Paint Shop, and a testing area. 

Operations at the VinFast EV assembly plant are scheduled to begin in the fourth quarter (Q4) of 2025.  

The facility will focus on manufacturing right-hand drive versions of the company's e-SUV models such as the VF 3, VF 5, VF 6, and VF 7, catering to the Indonesian market. 

Wiradjaja said: “The ground-breaking event, coming just months after VinFast's official market debut in Indonesia, highlights the company's strategic expansion and competitive drive in the region, marking a key milestone in our strategy to become a leading player in one of the region's most promising electric vehicle markets.  

“We believe this project will demonstrate VinFast's long-term commitment to Indonesia, boosting the electric vehicle sector, supporting economic growth, and enhancing the quality of life for Indonesian.” 

The establishment of the VinFast plant is expected to create thousands of jobs, contributing to the economic and social growth of the region.

Additionally, the project is forecast to contribute to the promotion of eco-friendly transportation in Indonesia. 

Earlier in February this year, VinFast initiated the construction of its first integrated EV manufacturing facility in Tamil Nadu, India, with plans to achieve an annual production capacity of 150,000 vehicles. 

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