VinFast's Electric Dreams: Building EV Plant in India

• VinFast Auto Ltd. revs up electric-vehicle production in India with a state-of-the-art facility set to create thousands of jobs.

Vietnamese automaker VinFast Auto Ltd. has started building an electric-vehicle manufacturing facility in Tamil Nadu, India. The plant, spanning 400 acres, is expected to have a capacity of 150,000 vehicles annually. The company plans to invest $500 million over five years to start the project, with a total investment of up to $2 billion.

The facility, located within the estate of the State Industries Promotion Corporation of Tamil Nadu, is expected to create jobs for 3,000 to 3,500 local people. VinFast disclosed its plans to invest in the facility in January, and has now broken ground on the project.

What is the expected capacity of VinFast's electric-vehicle manufacturing facility in India?

• The electric-vehicle manufacturing facility in Tamil Nadu, India, being built by VinFast Auto Ltd., is expected to have a capacity of 150,000 vehicles annually.
• The company plans to invest $500 million over five years to start the project, with a total investment of up to $2 billion.
• The facility is located within the estate of the State Industries Promotion Corporation of Tamil Nadu.
• The project is expected to create jobs for 3,000 to 3,500 local people.
• VinFast disclosed its plans to invest in the facility in January and has now broken ground on the project.