Construction of the facility is targeted to start this year, the company said. The project will have an annual capacity of as much as 150,000 units, it said.
VinFast on Saturday announced parent company founder Pham Nhat Vuong as its new chief executive officer with current CEO Le Thi Thu Thuy becoming head of the board of directors. VinFast said it was the right time to evolve its leadership as it enters the next phase of its development.
The company, which is constructing a US$2 billion manufacturing complex in North Carolina and planning a factory in Indonesia, seeks to aggressively move into Southeast Asian markets and wants to eventually raise “a lot of capital” to fuel global expansion, Thuy told Bloomberg in October.
VinFast went public in the US in August by merging with blank-check company Black Spade Acquisition Co, and reported a wider loss in the third quarter.
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The automaker began selling EVs in the US in early 2023 and planned its first European deliveries in the fourth quarter of last year.
