VinFast Moves Fast to File for U.S. IPO, Hopes to Raise Billions

For a company that didn’t begin building cars until 2019, VinFast is sure moving, uh, quickly. Just last month, the Vietnamese automaker announced plans to build a plant for its electric SUVs (as well as buses and batteries, because why ...

VinFast invests US$2 billion in North Carolina EV factory

VinFast, the carmaker under Vietnamese Group VinGroup, plans to invest up to US$2 billion to start production of EV and EV batteries in North Carolina, US, according to multiple media sources. In addition, the company is also building an ...

VinFast aims to shake up the Canadian EV market

A new entrant is poised to put a charge into the Canadian electric vehicle (EV) market. VinFast, the upstart Vietnamese company, is launching in North America by the end of 2022. It’s now offering early Canadian purchasers a major incentive ...

VinFast Plans to Assemble EVs in North Carolina

Quietly but regularly, the VinFast name is making itself heard on the North American automotive landscape. The relatively new Vietnamese firm (founded in 2017) is getting ready to launch its first two models. In fact, a press event is ...

VinFast To Invest $4B In New EV And Battery Plant In North Carolina

Production is expected to start in July 2024, with an initial capacity of 150,000 vehicles per year and thousands of new jobs.

Vietnam’s VinFast to invest $2B in North Carolina EV factory

VinFast, the Vietnamese automaker under Vingroup, said Tuesday it will build its first U.S. factory in North Carolina, part of the company’s previously stated plans to invest and expand in the country. The automotive newcomer said it will spend ...

Vietnamese Carmaker VinFast Will Build Electric SUVs, Buses, and Batteries In North Carolina

Vietnamese automaker VinFast plans to build a multimillion-dollar assembly plant in North Carolina to assemble a lineup of electric vehicles it plans to sell in North America. Construction of the 2,150-acre campus near Raleigh will begin this year with production ...

VinFast to build first EV factory in North America

Under the MOU, VinFast’s factory will focus on electric cars and buses production and assembly, electric vehicle batteries production and ancillary industries for suppliers. The project has total investment of 2 billion USD in its first phase and is ...

Vietnam’s VinFast to Build BEVs, Batteries in North Carolina

Founded in 2017, VinFast intends to rival Tesla and EV startups such as Rivian, Lucid and Nio as a global producer of premium automobiles. The Hanoi-based automaker developed its first three car models in just 21 months.

VinFast VF 9 (Vinfast VF e36) – Everything we know in March 2022

Vietnamese automaker VinFast plans to leverage the world’s transition to EVs to become a global brand. The company will enter western markets with new electric vehicles, including a three-row electric SUV called VinFast VF 9 (formerly VinFast VF e36). Rebranding ...

EV startup VinFast will build a $5 billion plant in North Carolina

REUTERS/Mike Blake VinFast Automotive— the Vietnamese car startup — is set to build its first North American assembly plant in North Carolina’s Triangle Innovation Point, right outside of Raleigh. The company will invest a total of $5 billion in ...

VinFast Plans a Massive Factory in North Carolina

The Vietnamese company plans to manufacture cars and batteries at the new factory.

Vietnam's Vinfast to build US$2-billion EV factory in U.S.

Vietnam’s automaker VinFast said on Tuesday it has signed a preliminary deal to initially invest US$2 billion to build a factory in North Carolina to make electric buses and sport-utility vehicles (SUVs) along with batteries for EVs. jQuery(function(){ if ...

VinFast Signs Agreement to Build EV Plant in North Carolina

VinFast and the government of North Carolina announced the signing of the memorandum of understanding (MOU) for the establishment of VinFast’s first North American manufacturing plant. The company intends to invest up to US$2 billion in the project’s Phase ...

Vietnam-based VinFast pouring $2 billion into a new North Carolina plant

Vietnam-based carmaker VinFast is getting closer to its goal of selling cars in the United States. It announced an initial investment of up to $2 billion to build a new manufacturing facility in Chatham County, North Carolina, that will ...

Vinfast picks North Carolina for first EV plant outside Vietnam

Vinfast plans to expand its production footprint almost as fast as its growing lineup. The Vietnamese electric vehicle startup, which was only established in 2017, presented five vehicles in January during the 2022 Consumer Electronics Show and confirmed at ...

VinFast to build factory in North Carolina

The Vietnamese electric car manufacturer VinFast has announced the construction of its first factory in the USA. The factory in Chatham County in the state of North Carolina will produce electric cars, electric buses and batteries for them on ...

VinFast to Build First North American EV factory in North Carolina

Vietnam’s VinFast and the government of North Carolina have announced the signing of the memorandum of understanding (MOU) for the establishment of VinFast’s first North American manufacturing plant. The company intends to invest up to $2 billion in the project’s ...

Vinfast to build EV factory in North Carolina

VinFast, a Vietnam-based automotive startup of conglomerate Vingroup, and the government of North Carolina announced Tuesday the signing of the memorandum of understanding (MOU) for the establishment of VinFast’s first North American electric vehicle (EV) manufacturing plant. The company ...

Vietnam's Vinfast To Build $2 Billion Electric Vehicle Factory In U.S

Vietnam’s automaker VinFast said on Tuesday it has signed a preliminary deal to initially invest $2 billion to build a factory in North Carolina to make electric buses, sport utility vehicles (SUVs) along with batteries for EVs. The unit ...

Vietnam's VinFast announces $2 billion US electric car factory

A VinFast VF 5 electric vehicle is displayed at the VinFast booth at CES 2022 at the Las Vegas Convention Center on Jan. 5, 2022 in Las Vegas, Nevada, US. (AFP/Alex Wong) Vietnamese car manufacturer VinFast announced Tuesday it ...

VinFast is Set To Build Its First US Factory In North Carolina

Founded just four years ago, Vietnamese manufacturer VinFast has been steadily building up its facilities in Vietnam and beyond. The company now hopes to spread its operations stateside, announcing plans for a new multi-billion dollar factory in North Carolina, ...

VinFast building US plant for electric SUV production

Vietnamese automaker VinFast is serious about its global aspirations, announcing it’s building a factory in the USA. It has signed a memorandum of understanding with the state of North Carolina to construct a factory that’ll build its VF8 and VF9 ...

Vietnam's VinFast announces US$2b US electric car factory

Workers operate the car assembly line at an automobile plant of VinFast, Vietnam’s first homegrown car manufacturer in Haiphong. ― AFP pic WASHINGTON, March 30 ― Vietnamese car manufacturer VinFast announced yesterday it will build a US$2 billion (RM8.4 ...

Vietnamese carmaker VinFast spending $2B to build EVs in North Carolina

The investment will pay for the first phase of the project in Chatham County -- North Carolina's first car manufacturing plant and the state's largest-ever economic development deal.

Vietnamese EV Automaker VinFast Building Production Plant In North Carolina

While lots of EV startups are struggling to gain serious credibility, VinFast has just announced a new EV assembly plant location in Chatham County, North Carolina. Located in the Triangle Innovation Point mega-site, the production facility hopes to see vehicles ...

Vietnam's VinFast sets up U.S. manufacturing plant, eyes investment of at least $2 bln

– HANOI, March 29 – Vietnam’s automaker VinFast, a unit of the country’s biggest conglomerate Vingroup VIC.HM, said it has set up its first U.S. manufacturing plant with investment of around $2 billion in the first phase of construction, ...

U Spy VinFast Testing The Electric VF 8 Before Its European Launch

The Vinfast VF 8 SUV was unveiled at last year’s Los Angeles Auto Show, and a CarScoops reader has spied a VF 8 prototype undergoing testing in Europe. Timothy Banks snapped this camouflaged VF 8 prototype near the IDADA center ...

VinFast Announces Canadian Prices for VF 8, VF 9 EVs

Vietnamese automaker VinFast has announced Canadian pricing for the two models that will spearhead its entry into the North American market. The VF 9 will start at $51,250, while the VF 9 gets a starting price of $69,750. The ...

Weekly News Roundup: Honda Invests, VinFast Brings Reservation Rewards, More

This week, Honda announces a big investment in its Ontario plant, Porsche says the Boxster is going fully EV, pandemic problems plague production, VinFast will put you in a resort for buying a car, and the EQS gets more Hyperscreen.

Vinfast electric vehicles hit the streets in California

Image source: motortrend.com/ Vietnam’s VinFast is going global with a roadshow in California – one of the world’s largest EV markets – giving potential buyers from its “home in the US” a look at its newly unveiled all-electric VF ...

Former Opel, Vinfast CEO becomes president of Nikola

Michael Lohscheller has been appointed president of Nikola Motors, the troubled hydrogen fuel cell and electric truck maker and one-time Tesla rival. According to Nikola, the former Opel and Vinfast CEO will be responsible for “scaling Nikola’s global truck business” ...

Vinfast And Pininfarina VF 8 And VF 9 Electric SUVs Will Have Up To 402 HP, 300+ Mile Range

Vinfast and Pininfarina have showcased the Vietnamese automaker’s VF8 and VF 9 electric SUVs in Barcelona ahead of European deliveries starting in the second half of 2022. First revealed at the Los Angeles Auto Show last fall as the VF ...

Polestar O2 Concept, Ford Splits ICE And EV Businesses, And Vinfast’s Electric SUVs: Your Morning Brief

Good morning and welcome to our daily digest of automotive news from around the globe, starting with… General Motors Sells Off Its Entire Stake In Lordstown Motors It’s recently come to light that General Motors sold its entire stake in ...

VinFast, Vive showcase automotive innovations at MWC 2022

Vietnam-based automaker VinFast and Taiwan-based VR platform Vive demonstrated their latest automotive innovations at Mobile World Congress (MWC) 2022. At the show, VinFast showcased its new IoV technologies used in its electric vehicles (EVs) and demonstrated how the technologies ...

VinFast Plans To Lease Batteries Separately From Cars In Canada

Vietnam’s VinFast is in the middle of its North American expansion and with the new brand, Canadians will be introduced to a new sales scheme. The EV manufacturer plans to separate the cost of its vehicle and the cost ...

Ex-Opel and VinFast CEO Michael Lohscheller Named President of Nikola Motor

Nikola Corporation has named industry veteran Michael Lohscheller as the new President of Nikola Motor. Lohscheller is the former Chief Executive Officer at Opel Automobile GmbH and Global CEO of Vietnam’s VinFast. Reporting to CEO Mark Russell, he will be responsible ...

VinFast announces Canadian pricing for its all-electric SUVs

Electric-vehicle manufacturer VinFast has announced Canadian pricing for its first two SUV models. Reservations are now open, and you can even get a week at a resort as part of the deal. The VF 8 five-seat midsize crossover has ...

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