Vietnam's VinFast Auto to invest $2 billion for EV plant in Tamil Nadu
The plant's construction is expected to begin this year, and will generate approximately 3,000 to 3,500 jobs locally, the Vietnam-based EV maker said
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The plant's construction is expected to begin this year, and will generate approximately 3,000 to 3,500 jobs locally, the Vietnam-based EV maker said
The loan, which will be used to support VinFast's establishment of lithium-ion battery manufacturing facilities in Vietnam, is subject to a comprehensive review and approval process by DFC, the carmaker said in a statement.
Vinfast Shares Yorkville: VinFast, which was founded and almost entirely owned by Pham Nhat Vuong, Vietnam's richest man, made a stellar Nasdaq debut in mid-August following a merger with a blank-check company.