VinFast to make over $200 million investments in California

by SpeedLux
Vinfast images

VinFast said on Friday it will make more than $200 million in capital investments and establish its U.S. headquarter in California as part of its plan to launch operations in North America.

VinFast is the automobile arm of Vietnam‘s largest conglomerate Vingroup.

It has become the country’s first domestic automaker when its gasoline-powered models built under its own badge hit the streets in 2019.

It is intended to debut in the U.S. with two battery-electric SUVs and inaugurate 60 showrooms throughout the country next year, the automaker said.

VinFast has said it will keep a watch over the possibility of a manufacturing facility in the U.S. 

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More