VinFast Auto begins construction on USD 200 mn EV assembly plant in Indonesia

admin admin | 07-17 00:20

The assembly plant embodies VinFast's calculated move to establish itself as a formidable player in Southeast Asia's electric vehicle industry.
New Delhi: Official construction has commenced on VinFast Auto's new electric vehicle assembly plant in Subang, West Java, Indonesia. The USD 200 million investment is aimed at tapping into Southeast Asia's promising EV market and is expected to generate numerous job opportunities for the local workforce.

The VinFast assembly factory will feature critical production facilities, including a body shop, general assembly shop, paint shop, and testing area. With an annual capacity of 50,000 vehicles, the plant will produce the VF 3, VF 5, VF 6, and VF 7 right-hand drive e-SUV models for the Indonesian market. Operations are slated to begin in Q4 2025.

General H. Moeldoko, Chief of Presidential Staff of the Republic of Indonesia, emphasized the positive impact of the factory on the regional economy and local community. "VinFast’s presence here will not only have a positive impact on the regional economy but will also provide new job opportunities and improve the welfare of the surrounding community," he said.

Temmy Wiradjaja, CEO of VinFast Indonesia, highlighted the strategic importance of this milestone for the company. "The event, coming just months after VinFast’s official market debut in Indonesia, highlights the company’s strategic expansion and competitive drive in the region, marking a key milestone in their strategy to become a leading player in one of the region’s most promising electric vehicle markets," he remarked.

The assembly plant embodies VinFast's calculated move to establish itself as a formidable player in Southeast Asia's electric vehicle industry. This development not only reinforces its market presence but also promises significant economic and social benefits to the West Java region.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Hyundai Motor India lists with record IPO, commits to Indian market with new tech and EV plans

As part of its effort to introduce clean mobility solutions for Indian buyers, Hyundai will launch f...

auto | 5 hours ago

Skoda Auto Volkswagen India plants over 7 lakh trees in Maharashtra for ecological restoration

Additionally, SAVWIPL has installed 18.5 MWp of rooftop solar power at its Chakan facility, which of...

auto | 5 hours ago

Mega Corporation launches Lendingo to enhance EV financing solutions

Mega Corporation on Monday announced the launch of a new division, Lendingo. Mega Corporation on Mon...

auto | 5 hours ago

GreenLine accelerates decarbonisation efforts with 1,000 LNG trucks by March 2025

The government in a recent draft policy proposed to convert a third of long-haul trucks into LNG pow...

auto | 5 hours ago

Remsons Industries acquires 51% stake in BEE Lighting to enhance automotive lighting solutions

Established in 2006, BEE Lighting specialises in automotive headlamps, rear lamps, and various exter...

auto | 5 hours ago

EV Recharge partners with ZEVO for mobile EV charging solutions

EV Recharge’s technology can charge vehicles from 0% to 80% in just 20 minutes, a significant improv...

auto | 5 hours ago