VinFast May Finally Be Able to Break Ground On Its U.S. Factory

vinfast may finally be able to break ground on its u s factory

VinFast has had a bumpy ride on its way to selling vehicles in the United States, with layoffs and delays making headlines more than the EVs themselves. At least one thing has gone the company’s way, however, as it recently got a permit it needed to start construction on a North Carolina factory.


The $4 billion facility was awaiting regulatory approval, including environmental permits. A domestic manufacturing footprint is vital for VinFast to make headway here, as new EV tax credit rules place requirements on final assembly and raw materials sourcing locations.


VinFast obtained an Air Permit, which allows it to begin phase 1 of construction on the facility. The automaker is still waiting on other permits from local officials, but the start of construction is a significant step forward. The plant should create thousands of jobs starting as early as next year.


VinFast’s first deliveries in the U.S. are expected to begin this month, but the company has a steep hill to climb. Its EVs are priced on the premium side of the market and have so far received mixed reviews. It initially announced plans to sell vehicles and lease the batteries separately but has since ditched the confusing program.


[Image: VinFast]


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via Autobuzz Today

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