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VinFast, Vietnam’s prominent electric car manufacturer, is embarking on a substantial investment of $200 million to establish assembly units in India and Indonesia. These Completely Knocked Down (CKD) facilities are set to boast an initial annual production capacity of up to 50,000 electric vehicles each during Phase 1, with an estimated capital expenditure ranging between $150 million to $200 million. Although specific details regarding the assembly locations and vehicle models for India have not yet been disclosed, VinFast’s move underscores its determination to expand its footprint in the Asian electric vehicle market.
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Note: Note: The above-mentioned news was first published by us in our ProjectX India | 15th October 2023 edition.. To get this issue or our latest issue with full contact details, you can buy this issue by clicking here…
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