VinFast has officially broken ground at its electric vehicle manufacturing site, located within the Triangle Innovation Point in Chatham County, North Carolina. The groundbreaking ceremony marked a significant milestone toward VinFast’s global expansion and the company’s supply chain development in North America.
VinFast's U.S. 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 U.S., Vietnam and a few
other countries. Future expansion and updates for the factory will be
identified in the next phase.
Currently, VinFast has appointed
Clayco as the general contractor and construction management company to
lead the project and will begin the bidding process to select
subcontractors soon.
The VinFast electric vehicle manufacturing
plant is expected to commence production in 2025, creating an ecosystem
of suppliers and thousands of jobs. The manufacturing complex, VinFast’s
first electric vehicle factory outside of Vietnam, will also play an
important role as the company strives to reach world-class levels of
sustainable mobility on a global scale.
