FILE PHOTO: The VinFast logo is displayed on a VF5 electric SUV during CES 2022 at the Las Vegas Convention Center in Las Vegas, Nevada, U.S. January 5, 2022. REUTERS/Steve Marcus
HANOI/SAN FRANCISCO (Reuters) - Vietnam's automaker VinFast said on Tuesday it has signed a preliminary deal to initially invest $2 billion to build a factory in North Carolina to make electric buses, sport utility vehicles (SUVs) along with batteries for EVs.
The unit of Vietnam's biggest conglomerate Vingroup, said it plans to have a total investment of $4 billion in its first U.S. factory complex.
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