VinFast to open $2 billion electric vehicle manufacturing plant in North Carolina

Aug. 7, 2023
During the initial phase of the project, the new plant will have a production capacity of 150,000 vehicles per year.

VinFast has begun construction on its new electric vehicle manufacturing plant in Chatham County, North Carolina. The 1,800-acre site will be divided into five production areas. This includes a body shop, general assembly, press shop, paint shop and an energy center. The facility has a Phase 1 total investment of $2 billion and will produce VinFast’s VF 7, VF 8 and VF 9 electric vehicles. During the initial phase of the project, the new plant will have a production capacity of 150,000 vehicles per year. Production is expected to begin in 2025.

In a recent quote, Madam Le Thi Thu Thuy, CEO of VinFast, said,“Today's event marks a new milestone for VinFast, affirming our commitment to the North American market. Not only will this project create thousands of jobs and contribute to North Carolina’s economic development, but VinFast’s electric vehicles produced here will also bring additional economic benefits to consumers. We also look forward to contributing to the development of the North Carolina community – our second home – during the production and business operation here.”

Investing in American Manufacturing - 2023

This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.

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