Vietnamese Carmaker To Build Electric Vehicles In North Carolina

RALEIGH, N.C. — A Vietnamese automaker has announced plans to build a plant in North Carolina to manufacture electric vehicles, promising to bring 7,500 jobs.

VinFast will build its first North American plant in Chatham County southwest of Raleigh, with production expected to start in 2024.

It expects to employ 7,500 by 2027 with average salaries of $51,000.

The company is building on a nearly 2,000-acre site that’s about a 30-minute drive southwest of Raleigh and is expected to invest $4 billion in the plant.

The state agreed to hundreds of millions of dollars in incentives.

Officials say the manufacturer considered sites in 12 states before narrowing its search to North Carolina and a site in Savannah, Georgia.