HO CHI MINH CITY -- VinFast will spend up to $2 billion to produce electric vehicles and batteries in India, the Vietnamese carmaker said shortly after appointing its founder as CEO.
The Nasdaq-listed company's factory in Tamil Nadu will contribute to local goals that 30% of new cars be EVs, VinFast said late Saturday. A spokesman told Nikkei Asia on Monday that the site will include "several manufacturing facilities."
