Vietnam's VinFast to set up EV battery plant in India and aims for new market, say sources


CHENNAI/HANOI, Jan 3 (Reuters): Vietnamese electric vehicle maker VinFast is set to open its first Indian manufacturing facility, where it will make batteries, in the southern state of Tamil Nadu, three people familiar with the matter said.

The company will make batteries for EVs at the plant in the city of Thoothukudi, one of the people said, adding that this was separate from its previously announced plans to assemble vehicles shipped in parts from Vietnam.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
India , Tamil Nadu , Vietnam , EV Battery Plant , VinFast

Next In Aseanplus News

Cambodia records 157 natural resource offences in August
Ex-Singapore Idol judge Ken Lim appeals conviction and 13-month jail term for molesting woman
RM1mil boost for historic Sikh temple restoration
Philippines begins identifying victims from ferry fire as dozens still missing
Police warn cryptocurrency users after accounts compromised through hacked e-mails
Children in flood-hit Nepal grapple with loss, cling to hope
Higher Education Ministry keeping tabs on Malaysian students amid Indonesia haze, says Zambry
Police nab two men, seize drugs after 50km chase in Kota Tinggi
Three more Indonesian volcanoes erupt amid heightened volcanic activity
PM Anwar stresses on freedom of navigation in Strait of Hormuz, calls for diplomacy

Others Also Read