
It was supposed to be "the crown jewel of VinFast’s global expansion." Now, the Vietnamese auto startup's $4 billion electric vehicle factory near Raleigh, North Carolina will not open until 2028, despite originally slated to be operating this month. The automaker blames "economic headwinds" and uncertainty in "the global EV landscape," but as with most things VinFast, there's more to the story than that.