VinFast broke ground on its North Carolina EV factory

31 July 2023, 02:25:02

VinFast announced it has officially broken ground at its electric vehicle manufacturing site, located within the Triangle Innovation Point in Chatham County, North Carolina. The groundbreaking ceremony, which took place today at the site, marked a significant milestone toward VinFast's global expansion and the company's supply chain development in North America. The VinFast electric vehicle manufacturing plant is expected to commence production in 2025, creating an ecosystem of suppliers and thousands of jobs.

VinFast's US 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 on 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 US, 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.

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