Vietnamese electric-vehicle maker VinFast said it will start building a factory in North Carolina this year, ahead of a planned initial public offering (IPO) in the United States.
The plant will be located in Chatham County’s Triangle Innovation Point, Chief Executive Officer Le Thi Thu Thuy said in an emailed statement. It is expected to be operational in the second half of 2024 and the initial investment will be as much as US$2 billion, she said.
