As part of its wider global strategy, VinFast has been making significant headway in the North American market in recent years. VinFast is pursuing a further expansion into the United States with the announcement that it plans to build a $2 billion electric vehicle and battery plant in North Carolina. The factory, located at the Triangle Innovation Point site, will house both automotive assembly and battery manufacturing. Vingroup’s largest shareholder is billionaire Pham Nhat Vuong.
