VINFAST BEGINS THE CONSTRUCTION OF ITS EV PLANT IN NORTH CAROLINA

By Piero Facchin

VinFast has officially broken ground on its electric vehicle (EV) manufacturing facility, located in the Innovation Point Triangle of Chatham County, in North Carolina. The groundbreaking ceremony took place on July 28. The new facility marks an important step in VinFast’s global expansion, as well as the development of its supply chain on the continent.

The plant dedicated to the manufacture of EVs becomes the manufacturer’s very first facility outside Vietnam. Part of the largest economic development initiative in the state’s history, the project is also the first to be built in North Carolina.

Phase 1, which covers an area of around 1,800 acres, is divided into five main areas: a body shop, a general assembly area, a press shop, a paint shop as well as an energy centre. Ultimately, the facility is expected to cost around US$2 billion.

By 2025, VinFast will be manufacturing some 150,000 vehicles a year, including the VF 7, VF 8 and VF 9 models.

This manufacturing complex will create thousands of jobs and a supply chain ecosystem. Moreover, it will be of key importance as the company strives to achieve a high level of sustainable mobility on a global scale.