VinFast Delays NC EV Plant to 2028, Cuts Sales Target by 20%

VinFast has delayed the production of its Chatham County electric vehicle plant to 2028, citing the need to optimize capital allocation and manage short-term spending. Despite the delay, the company remains committed to its growth strategy and anticipates strong sales growth in the latter half of the year. The plant, initially set to open this summer, has seen multiple revisions and delays since its groundbreaking in 2023. VinFast's arrival was initially celebrated for its promise to bring significant investment and jobs to the region.