VinFast Announces $500M Investment to Boost its Production Operations in India
VinFast has announced a new investment of $500 million to grow its production operations in India, marking another major step in its expansion into one of the world’s fastest-growing electric vehicle markets. The company already operates a manufacturing facility in Thoothukudi, Tamil Nadu, and this new investment is part of the second phase of its larger $2 billion plan for the country. The new funds will be used to build dedicated production lines for electric buses and electric two wheelers, including e-scooters. VinFast and the government of Tamil Nadu recently signed a memorandum of understanding that sets the foundation for…