Construction is on hold at VinFast’s proposed $4 billion electric vehicle factory in Moncure, Chatham County, after the electric vehicle maker revised its plans for a scaled-down version of the facility.
California might be known for giving birth to the high-tech industry during the 1970s, but North Carolina, with our famed Research Triangle Park, is quickly becoming Silicon Valley East. Over the past three years, Apple announced it would invest $1 billion to build a new Research Triangle campus. Epic Games is converting a defunct mall into its new headquarters. Wolfspeed is building a...
Forgive the odd headline. I was just trying out a new trick I picked up on another site, The Daily Haymaker. The site has been around a long time on the North Carolina conservative commentary scene, so I figured it could teach me a thing or two. Now that I’ve tried the phrasing myself, I...
Left-leaning groups, including the North Carolina Conference of the NAACP, have requested the NC Department of Labor to look at the possibility of instituting rules that would mandate masks and other requirements like social distancing once again in businesses and elsewhere across the state.
While electric vehicle industry is growing in NC, the trajectory of the EV sector appears uncertain. Industry giants like Ford, General Motors, and Tesla have collectively opted to delay their expansion plans in the year 2024 amid big losses in Q3.
Coming on the heels of a second-quarter report that saw losses of $526.7 million, VinFast reported Thursday that it lost an additional $623 million for the third quarter of 2023. That brings total losses since 2021 for the Vietnamese electric vehicle maker to $5.1 billion.
Vinfast issued an earnings report for the second quarter of 2023 on Thursday, and the news is not good for the Vietnamese electric vehicle maker.
VinFast, the electric vehicle maker with plans to open a $4 billion manufacturing plant in Chatham County in 2025, has sold 11,300 vehicles during the first half of 2023. While that would usually be good news, here’s the kicker: more than half, 7,100, were sold to itself.
According to the latest report from the N.C. Department of Commerce, North Carolina has a 3.3% unemployment rate, the lowest in decades.
While construction on its $4 billion plant is underway in Chatham County, Vietnamese electric vehicle maker VinFast began trading on the Nasdaq Tuesday.
VinFast, the Vietnamese electric vehicle maker Democrat North Carolina Gov. Roy Cooper credited for leading an army of clean-energy companies coming to the state, is being criticized for polluting waterways near its $4 billion EV manufacturing plant in Chatham County.
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