VinFast To Set Up EV Plant In Tamil Nadu,
VinFast To Set Up EV Plant In Tamil Nadu, Earmarks Initial Investment Of $500 Mn.
SUMMARY:
Under the pact, VinFast announced an initial investment of $500 Mn in the first phase of the project which will span a period of five years
The unit will be set up in Thoothukudi and, as per the company, will create nearly 3,000 to 3,500 jobs locally
The facility is envisaged with an annual capacity of up to 1.5 Lakh units and is part of VinFast’s strategy to strengthen its supply chain capabilities
also watch this https://www.youtube.com/watch?v=pjH6d3VAKNk
VinFast EV Car:
Vietnamese electric vehicle (EV) manufacturer VinFast has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government to establish an EV manufacturing facility in the state. The agreement involves an initial investment of $500 million in the first phase, spanning five years, with a total intended investment of up to $2 billion. The facility, located in Thoothukudi, is expected to create 3,000 to 3,500 local jobs and have an annual capacity of up to 1.5 lakh units. Construction is set to begin in 2024. VinFast aims to strengthen its supply chain capabilities and expand into the Indian market, marking a significant step in its global expansion.
also read this https://top5chiez.com/upcoming-5-electric-cars-in-india/
also watch this https://www.youtube.com/watch?v=QgZz4eUCCI0
Making EVs In India:
Vietnamese EV manufacturer VinFast is set to establish an EV manufacturing facility in Tamil Nadu, India, with an initial investment of $500 million and a total intended investment of up to $2 billion. The move follows VinFast’s plans revealed in September, with the company capitalizing on India’s production-linked incentives and favorable conditions offered by state governments. The Indian EV market, projected to reach $110 billion by 2029, is attracting global players like Tesla and VinFast, who aim to capitalize on the growing adoption of electric vehicles in the country.