Vietnamese electric car maker VinFast is considering further delaying its planned $4 billion factory in North Carolina. Initially scheduled for completion in July 2024, the project was already postponed to 2025. The potential additional delay is attributed to the company's ongoing struggle to gain favor with US consumers. The loss-making company faces significant challenges in the competitive EV market. VinFast's stock ($VFS) fell by 3.5% in pre-market trading following the news.
Vinfast considers delaying $4 billion U.S. assembly plant after realizing nobody wants to buy their cars https://t.co/7RnehYDWog
$VFS (-3.5% pre) Exclusive: Vietnamese EV maker VinFast considers delaying $4 bln US plant, source says - Reuters https://t.co/edXotVoQcs
The Vietnamese company first planned to complete the North Carolina factory in July 2024 but delayed operations to 2025. Now it is considering another delay. https://t.co/mCAdroh2F8
Exclusive: Vietnamese electric car maker VinFast is looking at further delaying a planned $4 billion factory in North Carolina, a person briefed on the matter said, as the loss-making company struggles to gain favor with US consumers https://t.co/znJUHGrwQw
Exclusive: Vietnamese electric car maker VinFast is looking at further delaying a planned $4 billion factory in North Carolina, a person briefed on the matter said, as the loss-making company struggles to gain favor with US consumers. More here - https://t.co/fV4eKDXiWO
EV MAKER VINFAST CONSIDERS DELAYING $4B US PLANT: RTRS