Mumbai, Feb. 26 -- VinFast officially broke ground on its first integrated electric vehicle (EV) manufacturing facility in the state of Tamil Nadu, India. Spanning 400 acres within the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) industrial estate, the electric vehicle facility boasts a total initial investment of $500 million over 5 years, with a projected capacity of 150,000 vehicles annually. This will create jobs for 3,000 to 3,500 local people. While strengthening partnerships with world-leading suppliers, VinFast also plans to promote localisation, contributing positively to local economic growth.

VinFast began operations in Vietnam in 2017 and produces a line of EVs in various capacities and sizes. The list includ...