91��Ƶ

The automaker's latest blueprint calls for 80% fewer workers than promised, which jeopardizes hundreds of millions of dollars in incentives.

The U.S. factory was put on hold in 2024 after the Vietnamese EV maker said it would delay construction by three years.

VinFast, which announced last year it was delaying a North Carolina EV factory until 2028, is “pushing forward” with a plan to open the plant at that time.

A U.S. regulator has opened a preliminary investigation into some electric vehicles manufactured by Vietnam’s VinFast Auto Ltd. over a safety issue.

VinFast Auto Ltd.’s decision to delay its U.S. factory is the latest challenge to its ambition of becoming a global electric vehicle brand and places further pressure on its sales outlook.

VinFast, the Vietnamese electric carmaker building a multibillion-dollar factory in North Carolina, has replaced its CEO and CFO in the company's latest executive shuffle.

VinFast Auto Ltd. soared in its debut as a public company, vaulting its market capitalization beyond that of General Motors Co. as traders flipped shares of the electric vehicle maker.

Ground will be broken July 28 on North Carolina's first car manufacturing plant. VinFast plans a $4 billion electric vehicle production and assembly plant near Moncure.

Electric vehicle maker VinFast has cut about 80 jobs in North America, including its U.S. CFO, raising questions about the health of the Vietnamese company ahead of a possible stock listing.