VinFast Auto Ltd. is planning to start operations at its new electric vehicle manufacturing plant in Vietnam's Ha Tinh province by July of next year.
The plant will focus on producing the VF 3 and VF 5 models, with an initial production capacity of 300,000 vehicles per year. The company aims to eventually double this production target as part of its commitment to expanding in the electric vehicle market.
VinFast is facing challenges in the competitive EV landscape but is working to strengthen its manufacturing capabilities and meet increasing demand.