EV maker VinFast delays opening of North Carolina factory

VinFast won’t open its electric vehicle factory in North Carolina until at least 2025, the company disclosed in a March 10 regulatory filing. The move represents the first major delay for the Vietnamese automaker’s ambitious plans in Chatham County.

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“Because we need more time to complete administrative procedures, VinFast’s EV factory project in North Carolina is expected to start production from 2025,” said a company spokesperson.

When announcing plans for a huge assembly plant at the Triangle Innovation Point megasite in Chatham in March 2022, the company said the goal was to open its North Carolina factory in July 2024 — a rapid timeline that raised eyebrows at the time given the company’s relatively unproven status and the fact that this would be its first plant in the U.S.

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