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NC sues to reclaim failed VinFast factory site
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.
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VinFast to restart construction on NC site, slashes hiring goals
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.
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Questions remain over VinFast plant delay as historic church is demolished
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.
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VinFast’s losses continue to mount, officials still optimistic
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.
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VinFast continues to lose millions of dollars, Q2 report shows
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.
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Over half of VinFast’s vehicles have been sold to itself
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.
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VinFast reports losing nearly $600 million during Q1 2023
More troubling news for VinFast, the Vietnamese electric vehicle maker that wants to build a $4 billion EV production plant in Chatham County. The company recently reported that it lost $598 million, or 49%, in the first quarter of this year.
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More woes for VinFast as fed issues safety recall for all their U.S. vehicles
If the bad reviews weren’t enough, now comes word of VinFast’s recall of all 999 vehicles sent to the U.S. due to safety concerns. The Vietnamese-based electric vehicle maker wants to build a $4 billion EV production plant in Chatham County.
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‘Just don’t.’ Brutal reviews of VinFast car come amid merger to save NC plant plans
Safety, quality, and monetary concerns are being raised about a Vietnamese electric vehicle maker that has its sights set on building a $4 billion EV production plant in Chatham County.
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Incentives package worth $1.2 billion draws electric car plant to NC
A Vietnamese automaker has announced plans to build a $4 billion electric-vehicle assembly and battery-manufacturing plant at Triangle Innovation Point in Moncure, about 30 miles west of the Triangle. To attract the newly formed company, the state and Chatham County promise to spend nearly $1.2 billion in incentives over the next 32 years. Meantime, VinFast...
