Vietnamese electric vehicle company VinFast continues to advance its $4 billion factory project in the United States

VinFast, a Vietnamese electric vehicle company, is progressing with its $4 billion factory project in the United States

【Phoneauto News】Phoneauto noted that on September 10th, the US government issued a statement confirming that VinFast, a Vietnamese electric vehicle manufacturer, is continuing to advance the construction of its $4 billion electric vehicle production facility in North Carolina. This move is an important step for VinFast to expand its electric vehicle production business globally and is also a major breakthrough for Vietnam in the electric vehicle field.

It is understood that VinFast’s electric vehicle production facility will be constructed near Charlotte, North Carolina. The construction of the facility is expected to create thousands of jobs in the coming years and make a significant contribution to the local economy. In addition to the construction of the electric vehicle production facility, 3M also revealed in the statement that it has reached an agreement with the Vietnamese Ministry of Transportation to improve traffic safety. According to the agreement, 3M will provide a series of technological solutions to help the Vietnamese Ministry of Transportation improve road traffic safety.

In addition, Nobu Hospitality, headquartered in New York, announced in the statement that it will cooperate with Vietnamese real estate company Viet Capital Real Estate to open the first Nobu hotel, residences, and restaurants in Vietnam. This collaboration will bring new development opportunities to Vietnam’s tourism industry and further promote the prosperity and development of Vietnam’s tourism industry.

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It is worth mentioning that the electric vehicle market in Vietnam has been developing rapidly in recent years. According to industry insiders’ predictions, by 2032, the local production of electric vehicles by VinFast, Wuling Hongguang, Skoda, and Hyundai brands will drive the development of the Vietnamese electric vehicle market. As a leading enterprise in the Vietnamese electric vehicle market, VinFast’s construction of an electric vehicle production facility in North Carolina will undoubtedly further consolidate its position in the global electric vehicle market.

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