https://vinfastauto.us/
https://vinfastauto.us/
VinFast

VinFast, Vietnamese carmaker to build electric vehicles in North Carolina

VinFast will build its first North American plant in Chatham County southwest of Raleigh, with production expected to start in 2024. It expects to employ 7,500 by 2027 with average salaries of $51,000.

Subscribe
May 10, 2022

A Vietnamese automaker plans to build a plant in North Carolina to manufacture electric vehicles (EVs), promising to bring 7,500 jobs.

VinFast will build its first North American plant in Chatham County southwest of Raleigh, with production expected to start in 2024. It expects to employ 7,500 by 2027 with average salaries of $51,000, according to the state Commerce Department.

“VinFast’s transformative project will bring many good jobs to our state, along with a healthier environment as more electric vehicles take to the road to help us reduce greenhouse gas emissions,” says North Carolina Governor Roy Cooper.

The company is expected to invest $4 billion in building the plant on a nearly 2,000-acre site. The plant plans to manufacture 150,000 cars per year. The state agreed to use job development grants to reimburse $316 million over 32 years if it hits job-creation and investment goals. The state also plans to provide as much as $450 million for site preparation, road improvements, and other infrastructure.

The North Carolina Commerce Department says the manufacturer considered sites in 12 states before narrowing its search to North Carolina and said the workforce, incentives and site preparation were key factors in its choice.

“North Carolina’s strong commitments in building a clean energy economy, fighting climate change, and reducing greenhouse gas emissions in transportation make it an ideal location for VinFast to develop its premium, smart, and environmentally friendly EVs,” says VinFast Global CEO Le Thi Thu Thuy.

VinFast is part of Vietnamese conglomerate Vingroup, providing capital to expand EV sales to the U.S. and eventually Europe. The company already is selling vehicles with internal combustion engines and electric powertrains in Vietnam.

In November, the company introduced the VF e35 midsize and VF e36 large electric SUVs at the Los Angeles Auto Show, but it did not reveal prices.

The company’s former chief executive said last year that VinFast plans to start taking orders in the spring and delivering vehicles in the U.S. in the fall. Initially the SUVs would be built at a new factory in Vietnam, but VinFast was planning to build a U.S. factory that would start producing in the second half of 2024.

VinFast, with a U.S. headquarters in Los Angeles, plans to sell vehicles through its own network of stores, with much of the order process done online. Already the company has plans for 60 stores in California alone. It also will have some service centers and mobile service.