Vietnam car maker begins build for North Carolina electric vehicle plant that will employ thousands

MONCURE, N.C. — A Vietnamese company planning an electric vehicle plant in central North Carolina that would employ 7,500 workers met a milestone Friday as its top executive joined Gov. Roy Cooper and others for a ground-breaking ceremony.

The planned $4 billion investment also would create North Carolina’s first car manufacturing plant and North Carolina’s largest-ever, state-backed economic development project as far as job creation, according to news outlets. North Carolina had missed out on car plants over the years to other Southeastern states.

VinFast, which makes fully electric SUVs, aims to open in 2025 a manufacturing and assembly plant with an initial production capacity of 150,000 vehicles annually. The state and Chatham County offered VinFast up to $1.25 billion in incentives that can be reached if it meets hiring and investment thresholds. The amount includes $450 million that the General Assembly set aside for infrastructure around the plant.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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