VinFast Auto .(US:VFS) Shang Wu Bu Wang Zhan·2025-12-17 16:44Group 1 - VinFast has inaugurated its fourth global electric vehicle factory in Subang, West Java, Indonesia, marking its first factory in Southeast Asia outside of Vietnam, enhancing its competitive advantage in the region and contributing to the development of Indonesia's electric vehicle industry [1][2] - The Subang factory was established in just 17 months, demonstrating VinFast's commitment to local production, with plans to increase the localization rate to over 40% by 2026, 60% by 2029, and 80% by 2030, while developing a supporting industrial ecosystem around the facility [1] - The factory occupies 171 hectares with an estimated total investment exceeding $1 billion, with the first phase involving over $300 million and an initial production capacity of 50,000 vehicles per year, expandable to 350,000 to meet domestic and export demands [2] Group 2 - The factory is expected to create between 5,000 to 15,000 direct jobs at full capacity, with initial assembly focusing on right-hand drive versions of models VF 3, VF 5, VF 6, and VF 7, and plans to include electric motorcycles and electric MPVs starting in 2026 [2] - Indonesian Economic Coordinating Minister Airlangga Hartarto praised the VinFast project for aligning with Indonesia's green industrial development strategy, emphasizing its role in boosting the local economy, job creation, and the establishment of an electric vehicle industry ecosystem [1]