Tesla Rival VinFast Likely To Build Its EV Battery Plant In India

Tesla Rival VinFast Likely To Build Its EV Battery Plant In India

SUMMARY

VinFast’s new plant, which will be opened in the city of Thoothukudi, will produce batteries designed for EVs

In October, VinFast revealed plans to construct assembly factories in India and Indonesia

However, it is not clear about the company’s investment size and the operational timeline in Tamil Nadu

Vietnam-based electric vehicle maker VinFast, which is deemed as rival of Tesla and China’s BYD, is likely to set up its first Indian manufacturing facility in Tamil Nadu.

The company’s new plant, which will be opened in the city of Thoothukudi, will produce batteries designed for EVs, Reuters reported, citing sources close to the matter.

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.