Transportation
Vietnam EV Maker VinFast Plans to Invest $2 Billion in India
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Vietnamese electric-vehicle maker VinFast Auto Ltd. signed an agreement with an Indian state to invest as much as $2 billion as it seeks to break into the world’s third-largest automobile market.
The agreement will pave the way for VinFast to set up an integrated electric-vehicle facility in the southern state of Tamil Nadu, the company said in a statement. The initial investment will be $500 million, it said, without giving more details.