VinFast to build a $2 billion factory in North Carolina

Vietnamese automaker VinFast has chosen the U.S. state of North Carolina for building a multi-billion-dollar production facility for its new line of electric vehicles.

The automaker will build a manufacturing plant at Triangle Innovation Point. It is estimated to be a 2,150-acre “megasite” in Moncure.

Earlier in November 2021, the automaker had announced an investment of $200 in California.