Vietnam’s EV maker VinFast plans to build U.S. battery plant

SAN FRANCISCO — Vietnamese EV maker VinFast options to construct EV battery cells and packs in its planned U.S. producing complex, its international chief government informed Reuters on Wednesday.

VinFast, aspect of Vingroup JSC, the most significant conglomerate in the Communist-dominated place, had earlier reported it planned to commence making electric motor vehicles in the United States in the second 50 percent of 2024.

VinFast is betting on the U.S. sector, where it options to debut cost-effective electric crossover motor vehicles late this yr with its battery leasing types.

“We will construct our gigafactory in the U.S. as perfectly,” reported Le Thi Thu Thuy, Vingroup vice chair and VinFast World wide CEO. The firm will carry on to supply batteries from its suppliers, she extra.

It will in the beginning assemble battery packs with cells sourced from its provider at its U.S. complex just before setting up its have output there, she reported.