A 200,000-car plant for a 33,000-EV market: Inside VinFast’s Philippine gamble

Vingroup is opening a third Asian manufacturing front for its electric vehicle (EV) ambitions. The Vietnamese conglomerate, best known for EV maker VinFast, plans to invest US$500 million in a flagship EV plant in the Philippines, the country’s Department of Trade and Industry (DTI) said on Wednesday. The factory is designed to produce 200,000 vehicles […] The post A 200,000-car plant for a 33,000-EV market: Inside VinFast’s Philippine gamble appeared first on e27.