Vietnamese EV Maker Plans $1.2 Billion Indonesian Investment
VinFast LLC's VF8 electric vehicles bound for shipment at a port in Haiphong, Vietnam.
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VinFast Auto Ltd. plans to invest as much as $1.2 billion in Indonesia “in the long-term” as it looks to expand in Southeast Asia after entering the US auto market.
The investment will include $150 million to $200 million for an Indonesian production facility to begin operating in 2026 with a manufacturing capacity of 30,000 to 50,000 cars per year, the Vietnamese EV maker said in a F-1 filing with the US Securities and Exchange Commission.