Mumbai, Feb. 25 -- Vietnam-based VinFast electric vehicle manufacturer has announced that it will build an integrated electric vehicle manufacturing facility in Tamil Nadu, India. It conducted a ceremony to start the work on the facility recently, which would employ approximately 3,500 local workers.

Spanning 400 acres in a SIPCOT facility, the facility will attract an initial investment of US $ 500 million over five years. The projected capacity is 150,000 vehicles annually.

Keen to promote localisation, VinFast, according to its CEO Pham Sanh. It is also committed to create jobs, aid green transportation and strategic partnerships by establishing the integrated facility. The company is also interested in leveraging its position as Vie...