VinFast to Break Ground on $2B Factory in India
Vietnamese electric vehicle maker VinFast plans to build a US$2 billion factory in the southern Indian state of Tamil Nadu, with groundbreaking scheduled for this Sunday. The company signed an MoU with the state government last month for building the…
Tamil Nadu CM Lays Foundation Stone for VinFast’s EV Plant in Tuticorin
Tamil Nadu Chief Minister M K Stalin on Sunday laid the foundation stone for the electric vehicle car and battery manufacturing facility of VinFast Auto Ltd which has earmarked investments to the tune of ₹16,000 crore in the state. The…
Vietnam EV Maker VinFast Reports $2 Billion Net Loss In 2023
Vietnamese electric vehicle maker VinFast on Thursday reported a net loss of more than $2 billion in 2023 after missing its sales target, despite a 90 percent increase in revenue. The communist state’s first homegrown car manufacturer is trying to…
Vietnam’s VinFast Signs $500 Million Deal to Make EVs in India
Vietnam’s VinFast agreed to start manufacturing electric vehicles (EVs) in India on Saturday, with an initial commitment to pour $500 million into planned facilities. The carmaker will open its first manufacturing hub in the southern state of Tamil Nadu, with…
AUTOMOBILES VinFast To Invest $400m On India, Indonesia EV Factories
VinFast aims to build factories in India and Indonesia, while anticipating a $1.2 billion cash infusion from its founder and others as the Nasdaq-listed electric vehicle producer hopes to reach 50 markets by the end of 2024. Vietnam-based VinFast sold…
Vietnamese, Chinese Company Partner For Manufacturing Electric Car Batteries
Vietnamese automaker VinFast has tied up with Chinese company Gotion High-Tech to research and produce batteries for electric vehicles. Under a newly-signed memorandum of understanding, the two companies will work on building the first lithium iron phosphate (LFP) battery plant…
Foxconn And Vietnam’s VinFast Explore Partnership, Talks Focus On Batteries, EV Parts
Vietnam’s largest conglomerate Vingroup said its car unit was in early stage talks with Taiwan’s Foxconn about working together and that any partnership formed would focus on developing batteries and electric car parts. Foxconn has proposed acquiring EV production lines…
