Feb 26, 2024
VinFast builds new factory in India, reinforcing global reach
VinFast, a Vietnamese electric vehicle leader, has started building its first EV factory in Tamil Nadu, India, with a $500 million initial investment. The factory aims to produce 150,000 vehicles annually and create 3,000-3,500 jobs. VinFast also plans to establish a dealership network and strengthen the strategic partnership between Vietnam and India.