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Vietnam’s VinFast to Build 2 EVs at New Factory in North Carolina

Car and Driver logo Car and Driver 3/29/2022 Caleb Miller
  • VinFast, a Vietnamese startup, will invest at least $2 billion into a plant in North Carolina, where it will start building electric crossovers in 2024.
  • VinFast is currently aiming to start deliveries later this year, with its VF 8 and VF 9 electric crossovers.
  • Currently, the VF 8 is listed at $41,000 while the VF 9 rings in at $56,000.

Last year, Vietnamese startup VinFast set up headquarters in Los Angeles and declared its intentions to sell cars in the United States. Now the company has revealed plans for its first U.S. factory in North Carolina, where VinFast will build its VF 8 and VF 9 electric crossovers as well as batteries, creating thousands of jobs.

The plant will be built at the Triangle Innovation Point “megasite" in Chatham County, North Carolina on an approximately 2000 acre plot. VinFast will invest at least $2 billion in the first phase of construction, targeting an initial capacity of 150,000 units per year. Construction will get underway this year with productions starting in July 2024. Along with crossovers, the facility will also build electric buses and batteries. Initial reports from Raliegh’s The News & Observer predicted the creation of between 7500 and 13,000 jobs.

VinFast VF e36 © VinFast VinFast VF e36

Although VinFast initially sold gas-powered vehicles using BMW engines in its home market starting in 2019, its expansion stateside will bring two electric crossovers, the VF 8 and VF 9, previously called the VF e35 and VF e36, respectively. The two crossover’s were penned by famed Italian design house Pininfarina.


Gallery: Stellantis hybrid and EV 2022-2023 product roadmap (motor1.com)

VinFast claims the midsize VF 8 will make 402 horsepower and 472 pound-feet of torque, accelerating to 60 mph in 5.5 seconds. A 316.9 mile range on Europe’s WLTP test cycle is targeted for the VF 8, and VinFast’s website currently lists it at $41,000. The seven-seat VF 9 features the same power and torque outputs but takes an extra second to hit 60 mph and has a claimed 422.5 miles on the WLTP cycle. VinFast says it will start at $56,000, and both crossovers will come with extensive driver assistance systems.

VinFast told Car and Driver last year that the VF 8 and VF 9 will be built in Vietnam and imported into North America at first, with local production expected to begin in the second half of 2024, lining up with the timeline from today’s announcement. VinFast has previously said it aims to begin deliveries in the fall of 2022, and VinFast says its Haiphong, Vietnam factory will have the capacity to build 950,000 vehicles per year by 2026.

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