Udabur Investment：VIN FAST PLAN is FIRST EV Factory in India

Vietnamese Carmale Vinfast Said It will Build its first electric venicle factory in india as part of a planned $ 2 Billion investment, as it looks to express insto Rapidly Growing Market.

The facility will be in the southern state of tamil nadu, accounting to a vinfast statement release, the white said there is an initial intends. $ 500 million for the first file year of the project.

The Commist State's FIRST Homegrown Car ManuFacturer is hoping to compete with ev giants such as tesla, and is trying to crack.

But vinfast's expansion overseas her faced a rocky start.Udabur Investment

Of the 11,300 venes it solid in the first half of Last year, 7,100 Wee Bought by A Owned by the Same Parent Company as vinfast.

The FIRM LISTED on the Nasdaq in August, hitting headlines artline, the world as itS value skyrocketed and then crashed.

In the statement, The Company Said that the "VINFAST TAMIL NAMIL Nadu Project Aims to EVOLVE Into A First-Class Electric Vehicle Production Hub in The Region, With An AN NUAL CAPACITY of UP TO 150,000 Units ".

Construction of the plant is extended to begin this year, and create up to 3,500 local jobs.

"This initiative forms a cracial part of Vinfast's Strategy to Establish A Strong Presence in Key Markets and Strengethen Its for Global Expansion," The Statement ADD ED.Agra Stock

TAMIL NAMIL NADU State Chief Minister M.K. Stalin Welcomed The Deal, Calling It a "Great Leap in the Industrial Development" of the state, in a post on social media.

The announdment comes as vinfast named pham nhat vuong, chairman of vingroup, as its New Ceo On Saturday.

Vuong Will "Directly Oversee The Operations of Vinfast, Including, Sales, And Marketing", The Statement Said.

Vietnam's Richest Man, Replaces Le Thi Thu THUY, who has held the post since 2021 and Now Becomes the Board of Directors.

His is arrest $ 4.6 Billion, accounting to forbes, and in April Last Year, He Provided VINFAST WITH A $ 1 Billion Grant.