VinFast has committed to investing over Rs 4,150 crore (USD 500 million) over the next five years to construct a manufacturing facility near Chennai, spread …

Despite challenges facing the broader EV industry, VinFast remains undeterred, setting an ambitious target of delivering 100,000 vehicles in 2024 – a threefold increase from …

The factory’s delay comes as Biden campaigns heavily to win North Carolina in the upcoming presidential election, a state narrowly won by Republicans in 2020.

VinFast is also facing two separate investigations in the United States. The first relates to an April accident in California.

The complaint filed on April 29 by a coworker of the deceased driver raised concerns about a previous incident.

The first VF 3 cars are expected to be delivered starting in August 2024, with at least 20,000 vehicles expected to be delivered this year.

VinFast last year sold 35,000 EVs, quite below its 50,000 target, representing just a tiny fraction of its 300,000 vehicle production capacity.

VinFast enters the market at a time when Chinese EV brands such as BYD and Great Wall Motor are selling strongly in Thailand.

VinFast also put emphasis on localisation and local vendors, aligning with the vision of central governance. In addition, the manufacturing facility is also said to …

The affected vehicles, produced between March and December last year, are subject to the recall due to a discovered flaw in the combination switch.