VinFast starts construction of new EV plant in Indonesia

16:54 | 16/07/2024 Investment Follow Ven.vn on

Vietnamese electric vehicle (EV) maker VinFast Auto on July 15 began work on its new EV assembly plant in Subang city, West Java province of Indonesia.

The move into one of Southeast Asia's most promising EV markets is set to create numerous job opportunities for the local workforce and also underscores the company's commitment to expanding its presence in the region and supporting Indonesia's burgeoning EV industry.

VinFast starts construction of new EV plant in Indonesia

At the Ground-breaking ceremony of VinFast's new EV assembly plant in Subang. (Photo: VNA)

With an initial investment of around 200 million USD, the plant will have an annual capacity of 50,000 vehicles.

Scheduled to commence operations in the fourth quarter of 2025, it will produce right-hand drive versions of VinFast's e-SUV models, including VF 3, VF 5, VF 6 and VF 7 for the Indonesian market.

General H. Moeldoko, Chief of Staff of the Executive Office of the Indonesian President, said that VinFast's presence will not only have a positive impact on the local economy, but will also provide new job opportunities and improve the life quality for the surrounding community.

He expressed his belief that VinFast will bring about technological innovation and knowledge transfer that is much needed to increase the competitiveness of the country's automotive industry.

Temmy Wiradjaja, CEO of VinFast Indonesia, remarked that the groundbreaking event, coming just a few months after VinFast's official debut in Indonesia, highlights the company's expansion and competitiveness improvement strategy in the Indonesian market, marking a key milestone in its strategy to become a leading player in one of the region's most promising EV markets.

He said he believes this project will demonstrate his company's long-term commitment to Indonesia, helping boost the EV industry, economic growth, and the quality of life for Indonesians.

Source: VNA

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