Vietnamese automaker VinFast has announced that it will hold the groundbreaking ceremony of its electric vehicle factory in North Carolina on July 28.

This will be the first electric vehicle manufacturing facility in North Carolina, and will help contribute to the supply of electric vehicles in North America and accelerate the global green mobility revolution, VinFast said in a statement on Wednesday.

According to the statement, the factory is expected to start production in 2025.

VinFast’s manufacturing facility will be built at the Triangle Innovation Point in Chatham County, North Carolina.

Covering an area of approximately 1,800 acres, VinFast’s factory is designed to reach a capacity of 150,000 vehicles per year in phase 1.

The factory will consist of two main areas: electric vehicle production and assembly.

The complex will also house supplementary supplier businesses.

VinFast said the project has received basic permits to begin Phase 1 construction.

When the manufacturing complex commences operations, VinFast’s factory will create an ecosystem of suppliers and help generate thousands of new jobs. 

“The manufacturing facility in North Carolina is one of VinFast’s key projects,” said Le Thi Thu Thuy, Chief Executive Officer of VinFast Auto.

“When it begins operations, the factory will be VinFast’s primary supplier of electric vehicles to the North American market, allowing us to optimize production and business activities,

“We hope the construction of the factory in Chatham County will contribute to advancing the clean energy economy in the US and help to support North Carolina’s green mobility strategy,” she added.

Last year, VinFast was awarded a $1.2 billion incentive package from the State of North Carolina for this project, along with critical financial support from the City of Sanford, Chatham County and the Golden Leaf Foundation.

In addition to the factory, VinFast is accelerating its business and brand recognition in the United States, by expanding its retail store and service center system, organizing local test drives and displaying products events throughout California.

These efforts will aid in bringing opportunities for customers to directly experience VinFast’s electric vehicles (EVs).

VinFast – a member of Vingroup – envisioned to drive the movement of global smart electric vehicle revolution.

Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai
Phong, Vietnam.

Vietnam’s VinFast said to plan third quarter NASDAQ listing – report