VinFast EV Production in US Now Not Expected to Start Until 2025
- Company had earlier planned to start trial production by 2024
- VinFast lost $2.1 billion in 2022, made sales of $525 million
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VinFast’s bold ambitions to sell electric cars to consumers in the US have suffered another setback with production at its as-yet-unbuilt facility in North Carolina now not expected to start until 2025.
The Vietnamese company had most recently said it planned to start trial production at the plant by 2024. Earlier this week a company spokesperson said VinFast had “received the air permit and we are preparing for sub-contractors bidding and will start the construction soon.”