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Benzinga
Benzinga
Business
Rachit Vats

This Vietnamese EV Maker Hoping To Take On Tesla Plans To Build A $2B Factory In North Carolina

Tesla Inc. North Carolina Vietnam VinFast Nasdaq

Vietnamese automaker VinFast Global said on Tuesday it plans to invest up to $2 billion to build an electric vehicle factory in North Carolina.

What Happened: Construction for the first phase of the factory which will make electric cars, electric buses and EV batteries will begin this year, and production is expected to begin in July 2024. 

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