Vietnamese automaker VinFast plans to invest USD 2 billion in building an EV factory in India's Tamil Nadu state. The factory aims to produce 150,000 cars annually and transform the Thootukudi region into a premier EV production hub. VinFast, part of the Vingroup conglomerate, is also investing in an EV factory in North Carolina and plans to establish a factory in Indonesia. The company aims to expand its sales in 50 markets worldwide by the end of 2023. Despite initial challenges, VinFast remains optimistic about its global success.VinFast drives into India with a USD 2 Billion EV Factory Investment in Tamil Nadu
January 08, 2024
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Vietnamese automaker VinFast plans to invest USD 2 billion in building an EV factory in India's Tamil Nadu state. The factory aims to produce 150,000 cars annually and transform the Thootukudi region into a premier EV production hub. VinFast, part of the Vingroup conglomerate, is also investing in an EV factory in North Carolina and plans to establish a factory in Indonesia. The company aims to expand its sales in 50 markets worldwide by the end of 2023. Despite initial challenges, VinFast remains optimistic about its global success.
