In 50 Words: VinFast to break ground on $4 billion EV factory in North Carolina next week

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In 50 Words: VinFast to break ground on $4 billion EV factory in North Carolina next week

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Vietnamese automaker VinFast, part of the Vingroup JSC, has announced the construction of a US$4 billion electric vehicle (EV) factory in North Carolina, US, will commence on July 28. The first phase occupies 1,800 acres and aims to produce 150,000 EVs annually, with operation targeted for 2025.

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