VinFast announced it will hold the groundbreaking ceremony of its electric vehicle factory in North Carolina on July 28. This will be the first electric vehicle manufacturing facility in North Carolina, and will help contribute to the supply of electric vehicles in North America and accelerate the global green mobility revolution.
VinFast's manufacturing facility will
be built at the Triangle Innovation Point in Chatham County, North
Carolina. Covering an area of approximately 1,800 acres, VinFast’s
factory is designed to reach a capacity of 150,000 vehicles per year in
phase 1. The factory will consist of two main areas: electric vehicle
production and assembly. The complex will also house supplementary
supplier businesses.
The project has received basic permits to
begin Phase 1 construction. When the manufacturing complex commences
operations, VinFast’s factory will create an ecosystem of suppliers and
help generate thousands of new jobs.
The factory is expected to
start production in 2025. Last year, VinFast was awarded a $1.2 billion
incentive package from the State of North Carolina for this project,
along with critical financial support from the City of Sanford, Chatham
County and the Golden Leaf Foundation.
In addition to the
factory, VinFast is accelerating its business and brand recognition in
the U.S, by expanding its retail store and service center system,
organizing local test drives and displaying products events throughout
California. These efforts will aid in bringing opportunities for
customers to directly experience VinFast’s EVs.
