Vietnam-based VinFast invests $2 billion into North Carolina plant:
, and the third will be made available to suppliers. Construction is scheduled to start in 2022 and production should begin in 2024.
As of writing, VinFast plans to build its VF9 and VF8 models in North Carolina; the former is a seven-seater SUV and the latter is a smaller, five-seater model. Looking ahead, the company will continue to invest in the North Carolina facility, though additional details haven't been released yet. It's reasonable to expect that, if everything goes according to plan, the plant's annual capacity will increase in the 2020s.
More details about VinFast's ambitious plans to gain a secure foothold on the American market will emerge in the coming months. And, the firm isn't pegging its growth solely on America: its facility in Haiphong, Vietnam, should be able to build 950,000 cars annually by 2026.
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