VinFast Auto .(US:VFS) Shang Wu Bu Wang Zhan·2025-08-06 16:08Core Insights - VinFast has inaugurated its electric vehicle assembly plant in Tamil Nadu, India, marking its fifth global project and third operational production base, showcasing the company's ambition for global expansion and capability in executing large-scale projects [1] - The Tamil Nadu factory is a strategic milestone for VinFast, reflecting its long-term commitment to the Indian market and laying a solid foundation for sustainable growth [1] - The factory aims to provide high-quality, competitively priced electric vehicles to Indian consumers and plans to expand its capacity to meet growing market demand, with aspirations to become the largest export center for VinFast in South Asia, the Middle East, and Africa [1] Company and Industry Summary - The factory spans 160 hectares and features highly automated, modern production lines adhering to international standards [2] - Once fully operational, the plant is expected to create 3,000 to 3,500 direct jobs and generate thousands of indirect employment opportunities within the supply chain ecosystem, contributing to the socio-economic development of Tamil Nadu and positioning the region as a significant manufacturing hub in India [2] - Initially, the factory will assemble high-end electric vehicle models VF 7 and VF 6, with an annual production capacity of 50,000 units, which can be increased to 150,000 units in the future [2]