VinFast: $4B EV Plant Coming to North Carolina
Vietnam-based VinFast in July 2024 will open its first North American electric vehicle (EV) assembly and battery manufacturing facility, valued at $4 billion, in Chatham County, N.C. North Carolina Railroad Company (NCRR) reported on March 29 that it will provide approximately $1 million to help construct an auto ramp, part of the rail infrastructure needed for CSX or Norfolk Southern (NS) to serve the site.