Vietnamese automaker VinFast will begin selling its electric vehicles in the U.S. later this year and plans to open a factory in North Carolina in 2024. The company's deputy CEO of global sales and marketing explains why.
Workers assemble an electric car at the VinFast electric automobile plant in Haiphong April 7, 2022.
Bret said the company will have 30 stores up and running by the end of the year in California and then expand nationwide as it builds the brand.Part of its plan includes a $2 billion factory it has entered a memorandum of understanding to build at the Chatham County Triangle Innovation Point outside Raleigh, North Carolina, that will be funded with the help of an initial public offering it has filed for.
"We will offer premium quality for everyone at a reasonable price compared to the size and quality of the car," Bret added.
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