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VinFast is scheduled to break ground on its $4 billion EV production plant in Moncure, Chatham County next week.

Vietnamese electric vehicle maker VinFast continues to produce a mixed bag of news.

The groundbreaking on what is being called the “crown jewel of VinFast’s global expansion” occurred Friday morning at the site of the $4 billion EV manufacturing plant in Triangle Innovation Point, Moncure, Chatham County.

VinFast is scheduled to break ground on its $4 billion EV production plant in Moncure, Chatham County next week.

Vietnamese electric vehicle maker VinFast continues to produce a mixed bag of news.

By Theresa Opeka Raleigh, NC – 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…<p class="more-link-p"><a class="more-link" href="https://chathamjournal.com/2023/06/21/vinfasts-financial-woes-is-the-4-billion-plant-in-chatham-county-at-risk/">Read more →</a></p&g...

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.

By Theresa Opeka Chatham County, NC – If the bad reviews weren’t enough, now comes word of VinFast’s recall of all 999 VF8 2023 vehicles sent to the U.S. due to safety concerns. The Vietnamese-based electric vehicle maker was awarded an incentive…<p class="more-link-p"><a class="more-link" href="https://chathamjournal.com/2023/05/28/vinfast-faces-more-woes-as-fed-issues-safety-recall-for-all-their-u-s-vehicles/">Read more &rarr...

A safety recall for 1,000 VinFast vehicles follows bad reviews and questions about financial stability of the company and the 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.