VinFast Expands Global Reach with $2B EV Factory in India

Move follows new dealership openings in the US and construction of EV factories in North Carolina and Indonesia.

Vietnamese automaker VinFast plans to invest up to $2 billion in building an electric vehicle (EV) factory in India, marking the company's first venture into the country.
The factory, located in Tamil Nadu, will have the capacity to produce 150,000 cars annually.
This move is part of VinFast's global expansion, which includes a $4 billion EV factory in North Carolina and a $400 million EV factory in Indonesia.
VinFast has also announced new dealership openings in the US, with plans to expand the network to 125 points of sale across the country.
Despite struggling to sell its EVs in the US and receiving poor reviews for its early cars, VinFast maintains that if it can succeed in the competitive American market, it can succeed anywhere.