VnExpress International
The most read Vietnamese newspaper
Get Newsletter| Contact us |
Follow us on       

Vietnam's VinFast eyes over $200 mln capital investments in California

By Reuters   November 4, 2021 | 09:08 pm PT
Vietnam's VinFast eyes over $200 mln capital investments in California
Laborers work in VinFast's factory in Hai Phong City, Vietnam, April 22, 2021. Photo by Reuters/Thanh Hue
VinFast said Friday it will make over $200 million in capital investments and place its U.S. headquarter in California as part of its plan to expand operation in North America.

VinFast, the automobile arm of Vietnam's largest conglomerate Vingroup, became the country's first fully fledged domestic car manufacturer when its gasoline-powered models built under its own badge hit the streets in 2019.

It is aiming to debut in the U.S. with two battery electric SUVs and inaugurate 60 showrooms across the country next year, the company said.

VinFast has said it will keep an eye on the possibility of a manufacturing facility in the U.S.

 
Enjoy unlimited articles and premium content with only $1.99 Subscribe now
 
go to top