VinFast Plans to Build Electric Vehicle Manufacturing Facility in North Carolina

Specifications:

Name:

VinFast Plans to Build Electric Vehicle Manufacturing Facility in North Carolina

Location:

North Carolina

Company:

VinFast

Estimated Cost:

-

Source:

https://vinfastauto.us/

Introduction:

VinFast announced it has officially broken ground at its electric vehicle manufacturing site, located within the Triangle Innovation Point in Chatham County, North Carolina.

Features:

VinFast's US factory project is the first electric vehicle manufacturing facility in North Carolina, as well as the largest economic development initiative in the state's history.

The plant, which has a Phase 1 total investment of up to $2 billion USD, 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. There will also be other functional facilities in the factory premises.

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.

The VinFast electric vehicle manufacturing plant is expected to commence production in 2025, creating an ecosystem of suppliers and thousands of jobs.