(VOVWORLD) - VinFast, the subsidiary automaker of Vietnamese conglomerate Vingroup, has announced it will hold a groundbreaking ceremony of its electric vehicle (EV) factory in North Carolina, the US next Friday.
 VinFast will hold a groundbreaking ceremony of its electric vehicle factory in North Carolina, the US next Friday. (Photo: VNA) |
This will be the first EV manufacturing facility in the state and help contribute to the supply of this kind of vehicles in North America, accelerating the global green mobility revolution.
The facility will be built at the Triangle Innovation Point in Chatham County.
Covering an area of approximately 1,800 acres, VinFast's factory is designed to reach a capacity of 150,000 vehicles per year in Phase 1. The factory will consist of two main areas: production and assembly. The complex will also house supplementary supplier businesses.
The project has received basic permits to begin Phase 1 construction. When the manufacturing complex commences operations, VinFast's factory will create an ecosystem of suppliers and help generate thousands of new jobs.
The factory is expected to start production in 2025. Last year, VinFast was awarded a 1.2 billion USD incentive package from the State of North Carolina for this project, along with critical financial support from the City of Sanford, Chatham County, and the Golden Leaf Foundation.