VinFast plans to open India, Indonesia plants this year in pivot to Asia

Vietnam's VinFast Secures Rp 1.8 Trillion Loan to Build EV Plant in Indonesia

The Subang plant is scheduled to begin production by late 2025 and will manufacture four electric car models: the VF5, VF6, VF7, and VF3.

VinFast to Launch Car Assembly Plant in India by June 2025

VinFast, the electric vehicle maker from Vietnam often likened to Tesla, is reshaping its worldwide strategy and focusing much of its energy back in Asia. After a bold push to enter the U.S. market, the company is now toning down its western ambitions and is realigning its expansion with much slower revenue growth than projected in the U.S. and with some big regulatory hurdles in the way. VinFast's founder and chairman, Pham Nhat Vuong, told sha…

VinFast pivots to Asia with EV plants in India and Indonesia as losses widen

Vietnamese electric vehicle (EV) maker VinFast is shifting gears toward Asia, accelerating its expansion in the region with new manufacturing plants in India and Indonesia as its US ambitions stall amid rising tariffs and logistical costs.

VinFast Plans To Open Tamil Nadu EV Plant By June

Over a year after announcing setting up of an EV manufacturing facility in Tamil Nadu, Vietnamese EV major VinFast now plans to open it by the end of June. VinFast’s India plant, located in Tamil Nadu, is part of its $2 Bn investment plan, with an initial $500 Mn committed for the first five years and a projected annual capacity of up to 1.5 Lakh vehicles. The company initially targeted the US market for foreign sales, but faced challenges in th…

VinFast plans to open India, Indonesia plants this year in pivot to Asia

… Asia. The loss-making startup had initially planned to focus on America … will focus more on Indonesia, India, and the Philippines markets," Pham Nhat … sales in the United States, Canada, and the European Union due …