North Carolina is suing VinFast, the Vietnamese electric vehicle manufacturer for a breach of agreements with the state for a planned EV factory in Moncure, Chatham County.
After being silent for almost two years, electric vehicle maker VinFast said on Monday that it plans to resume construction as early as April on its $4 billion EV manufacturing plant in Chatham County.
China has placed no orders for new-crop soybeans this marketing year (which began Sept. 1), Charles Hall of the NC Soybean Association told CJ in a recent interview.
Pressure is now mounting as harvest season is not far off, with farmers expecting a significant harvest, while facing the loss of their largest market (China).
Excitement over the promise of North Carolina’s first vehicle manufacturing plant led to great fanfare at the groundbreaking for Vietnamese electric vehicle maker VinFast’s $4 billion EV manufacturing plant in Triangle Innovation Point, in Moncure, Chatham County, over two years ago.
In a new trade deal, Indonesia will pay a 19% tariff on US imports.
Trump originally imposed the 90-day pause on tariffs to give time to negotiate trade deals with various countries, but so far, only deals with the United Kingdom and Vietnam have been brokered.
JetZero invests $4.7B in Greensboro for a cutting-edge aerospace facility, creating 14,000 jobs and revolutionizing aviation with sustainable innovation.
North Carolina’s automotive manufacturing sector—home to more than 300 companies and 37,000 workers—is facing renewed uncertainty as new federal tariffs on steel and aluminum threaten to raise costs.
While there appears to be another setback for VinFast after announcing Friday that they plan on delaying the opening of its $4 billion factory in Moncure, Chatham County, until 2028, a county official still has confidence that the project will come to fruition.
For the first time in more than two decades, China has been knocked off the top spot when it comes to the source of goods imported to the United States. According to 2023 trade reports US imports from Mexico rose nearly 5% in 2023 to more than $475 billion, while imports from China fell 20%...
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