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.
https://www.livemint.com/companies/vietnam-ev-maker-vinfast-auto-plans-to-invest-2-billion-in-india-11704547033650.html