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08 Jan
11:37

VinFast to build $2 billion EV plant in India

Vietnamese electric vehicle major VinFast is planning to establish an EV plant in the South Indian state of Tamil Nadu, with an investment worth up to $2 billion, Kallanish reports. Under an MoU signed with the Tamil Nadu state government during the Global Investors Meet in the state, VinFast will commit $500 million in the first phase of the project, marking the firm’s expansion into the South Asian country. Located in Thoothukudi, the integrated EV facilit…
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