Vietnamese Automaker Gears Up to Build EVs in North Carolina
Tesla may have officially kicked off the electrification race and is now the largest producer of EVs in the world, but the California-based EV maker will have to contend with increasing competition soon. Specifically, carmakers from Southeast Asian countries such as China and Vietnam are poised to give Tesla and local automakers a run for their money in the coming years. For example, Vinfast, a Vietnamese EV electric vehicle manufacturer that delivered its first batch of EVs late last year has announced that it will begin constructing an EV production plant this year. According to a statement from Vinfast CEO…