Following an agreement signed in January to bring its EVs to India, VinFast announced it is set to break ground on a new facility in Tamul Nadil as part of a $500 million commitment to erect phase one in the country.
Although speedy Vietnamese EV automaker VinFast did not achieve its 2023 delivery targets, its progress has picked up as it continues its ambitious expansion to new global markets, including the US and Europe.
With multiple new models like the VF 3 and eventually an all-electric pickup based on the Wild concept unveiled at CES, VinFast is showing no signs of slowing down and continues to wield the power of its parent company, VinGroup’s massive checkbook.
In January 2024, VinFast signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu in India, committing $500 million toward further global expansion to help decarbonize a…