VinFast Delays Launch of its North Carolina EV Manufacturing Facility

Vietnam's VinFast has made the strategic decision to adjust the timeline for the launch of its North Carolina manufacturing facility in the US, which is now expected to begin production in 2028. This decision will allow the company to focus more resources on supporting near-term growth targets and strengthening existing operations.

VinFast will also focus in a more selective group of potential markets, including igts home market.

The company's advantages in Vietnam include a comprehensive charging station system, a diverse product portfolio catering to different customer needs, and a flexible battery subscription policy.

In Indonesia it has just officially broken ground on its new electric vehicle assembly plant in Subang, West Java,

The new assembly plant represents an initial investment of around $200 million.

The facility will have an annual capacity of 50,000 vehicles.

Scheduled to commence operations in Q4 2025, the plant will produce right-hand drive versions of VinFast's e-SUV models, including VF 3, VF 5, VF 6 and VF 7 for the Indonesian market. 

Madam Thuy Le, Chairwoman of the Board of Directors, says: "We have adopted a more prudent outlook that is carefully calibrated to near-term headwinds, taking into full consideration the realities of market volatility and potential challenges. Our robust long-term strategy and proven execution capabilities position us well to meet the evolving needs of the dynamic global EV market."

Temmy Wiradjaja, CEO of VinFast Indonesia, states: “The groundbreaking event, coming just months after VinFast's official market debut in Indonesia, highlights the company’s strategic expansion and competitive drive in the region, marking a key milestone in our strategy to become a leading player in one of the region's most promising electric vehicle markets. We believe this project will demonstrate VinFast's long-term commitment to Indonesia, boosting the electric vehicle sector, supporting economic growth, and enhancing the quality of life for Indonesian.”

VinFast's product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses