VinFast Delays Launch of $4 Billion Factory in North Carolina
Saturday, 13 July 2024, 01:03
VinFast Delays US Electric Car Plant in Response to Market Slowdown
Key Points:
- Vietnamese EV manufacturer VinFast, established by Pham Nhat Vuong, postpones launch of $4 billion factory in North Carolina until 2028.
- The company trims delivery forecast for 2024 by 20,000 units due to uncertainties in the global EV market.
- VinFast aims to deliver 80,000 vehicles this year, falling short of the initial 100,000-unit target.
- Despite a 92% increase in sales in the first half of 2024, this only represents around one-fourth of the revised yearly sales projection.
The decision reflects VinFast's strategic response to changing market dynamics and a focus on ensuring a sustainable growth trajectory amidst industry challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.