Billionaire Pham Nhat Vuong’s VinFast Spending $500 Million To Develop EV Manufacturing facility In India
VinFast—managed by Vietnam’s richest particular person Pham Nhat Vuong—is spending $500 million to triple its EV manufacturing capability in India inside just a few years.
The growth may even allow the corporate’s present manufacturing facility within the southern Indian state of Tamil Nadu to provide electrical buses, e-scooters and charging infrastructure, New York-listed VinFast mentioned in a assertion. The facility, which began producing electrical vehicles in August, is Vinfast’s first abroad plant.“The proposed expansion of the Tamil Nadu plant will enable us to broaden our product lineup in India, allowing us to meet a wider range of customer needs,” Pham Sanh Chau, CEO of VinFast Asia, mentioned within the assertion. “VinFast believes that Tamil Nadu will continue to...










