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Vietnamese electric car maker VinFast is moving ahead with a $4 billion U.S. factory project

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2023-09-15 16:57:121205browse

According to news from this site on September 11, at the beginning of this year, Vietnamese automaker VinFast said that it would postpone the start of operations of its electric vehicle factory in the United States until 2025, citing "procedural delays." .

The U.S. government issued a statement confirming that Vietnamese electric vehicle manufacturer VinFast is continuing to advance the construction of its US$4 billion (site note: currently approximately 29.44 billion yuan) electric vehicle production facility in North Carolina.

越南电动汽车制造商 VinFast 正推进 40 亿美元在美建厂项目

Vingroup JSC subsidiary announced last March that it would build a $4 billion complex on 712 hectares of land in Chatham County, North Carolina. dollar electric car factory. The plant, located near Charlotte, is scheduled to begin production in July 2024 and is expected to create more than 7,000 jobs and produce 150,000 vehicles per year. In a statement, 3M revealed that in addition to building electric vehicles In addition to the production facility, they have also reached an agreement with Vietnam’s Ministry of Transport to improve traffic safety. According to this agreement, 3M will provide a series of technical solutions to assist Vietnam’s Ministry of Transportation in improving the safety level of road traffic

In addition, New York-based hotel group Nobu Hospitality also announced in a statement that it will cooperate with Vietnam Real estate company Viet Capital Real Estate has partnered to open the first Nobu hotel, residence and restaurant in Vietnam. This cooperation will bring new development opportunities to Vietnam’s tourism industry and further promote the prosperity and development of Vietnam’s tourism industry.

Last year, VinFast applied to be listed on Nasdaq in the United States to raise funds for the construction of its factory. VinFast started selling cars outside of Vietnam for the first time last week, delivering its first 45 cars in California on the first day.

Its revenue in 2022 is VND 14.9 trillion (Note from this site: current approximately 4.366 billion yuan), a decrease of approximately 6.9% from 2021. The company’s latest prospectus showed that net losses increased by 55% from VND32.2 trillion to VND49.8 trillion.

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