VinFast, the big shot in electric cars from Vietnam, just shook hands with the Tamil Nadu State Government in India. They’re teaming up for a massive project, throwing around $2 billion in the pot. They’re starting with $500 million for the first phase, which will take five years. Picture this: a cool electric vehicle production hub in Thoothukudi, with plans to pump out up to 150,000 cars every year.
Why India, you ask? Well, VinFast wants a piece of the action in the world’s most crowded country and its booming electric vehicle market. This move is like VinFast saying, “Hey, world, we’re here to stay, and we want our cars everywhere!”
And guess what? They’re going to create around 3,000 to 3,500 jobs in Thoothukudi. It’s not just about making cars; it’s about giving people work and skills. VinFast is all about equality, making sure everyone gets a fair shot at climbing the career ladder.
Construction starts in 2024, and it’s not just about making money. VinFast is thinking green. They want 30% of all new cars in Tamil Nadu to be electric. That’s like saying, “Let’s make the air cleaner and have more fun driving cool electric cars!”
Tran Mai Hoa, VinFast’s Sales and Marketing hotshot, says, “We’re not just in it for the money. Investing in Tamil Nadu will make everyone happy and speed up the green energy thing in India and around here.”
TRB Rajaa, the Industries Minister in Tamil Nadu, is thrilled. He says, “VinFast, welcome to the party! Your electric cars are not just about making our wallets fatter but also making our dreams of a green future come true. Let’s ride this electric wave together!”