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Automobiles

Vietnam's VinFast to build $2bn electric vehicle factory in U.S.

Move expected to create over 7,000 jobs, welcomed by President Biden

Vietnamese VinFast plans to build a factory in North Carolina to make electric buses and sport utility vehicles, along with batteries for electric cars.   © Reuters

HANOI/SAN FRANCISCO (Reuters) -- Vietnamese automaker VinFast said on Tuesday it has signed a preliminary deal to initially invest $2 billion to build a factory in North Carolina to make electric buses and sport utility vehicles, along with batteries for electric vehicles.

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