Reported 18 days ago
Vietnamese electric vehicle manufacturer VinFast has announced plans to build a second production facility in Ha Tinh province to double its output capacity, aiming to meet rising demand for its small and mid-sized models. The new plant is expected to produce 300,000 units annually and will begin operations in July next year. With its current plant delivering fewer than 45,000 cars in the first nine months of 2024, VinFast's expansion is seen as crucial for its growth amidst increasing international market demands.
Source: YAHOO