Vinfast plans to build EV battery in new US manufacturing unit

Vietnam-based electric automotive manufacturer, Vinfast is planning to build electric vehicle battery cells and packs in a new U.S. manufacturing complex. That’s according to what the company’s global chief executive told Reuters, as the company pledged to transform itself into an all-electric automaker by the end of this year.

The company started selling EVs in Vietnam at the end of 2021 and plans to transition to all-electric vehicle production from late 2022. The company is betting big on US to drive its sales. Speaking at the CES 2022, Le Thi Thu Thuy, Vingroup vice chair and VinFast Global CEO said, "We will build our gigafactory in the U.S. as well,", referring to the new battery facility.

Thuy said VinFast will initially assemble battery packs with cells sourced from its supplier at its U.S. complex before starting its own production there. "We have narrowed down from I think, over 50 sites to about three sites," she said.