Vietnam’s VinFast eyes over $200 million capital investments in California

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VinFast, the automobile arm of Vietnam’s largest conglomerate Vingroup, became the country’s first fully fledged domestic car manufacturer when its gasoline-powered models built under its own badge hit the streets in 2019.

It is aiming to debut in the U.S. with two battery electric SUVs and inaugurate 60 showrooms across the country next year, the company said.

VinFast has said it will keep an eye on the possibility of a manufacturing facility in the U.S.