Strategic Partnership with Tamil Nadu Government
VinFast, Vietnam’s top electric vehicle (EV) manufacturer, joins hands with the Tamil Nadu State Government in a groundbreaking $2 billion investment for an integrated EV facility.
Major Commitment for Growth in India’s EV Market
In a Memorandum of Understanding (MoU), VinFast outlines a $500 million commitment for the initial five years, marking a significant entry into India’s dynamic EV market and aligning with global expansion plans.
Job Creation and Hub Establishment in Tamil Nadu
Anticipating an annual capacity of 150,000 units, the integrated EV facility aims to create 3,000-3,500 jobs. Construction, set to begin in 2024, positions Tamil Nadu as a key EV production hub.
Green Transportation Goals and Government Support
VinFast’s project not only promises economic growth but also supports Tamil Nadu’s green transportation initiatives. The Tamil Nadu Government pledges support, including land, power supply, and infrastructure, for this historic investment.
Source：taiwannews.com.tw
