Vietnam's VinFast to spend up to $2bn on India car, battery plant

Young Nasdaq-listed automaker also plans full factory in Indonesia

20240108 vinfast

VinFast says it will construct a sprawling factory in the world's most populous nation as its founder takes over as CEO, overseeing major international expansion plans. (Photo by Lien Hoang)

LIEN HOANG, Nikkei staff writer

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.

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