Vietnam's VinFast delays US electric car plant amid market slowdown

FILE PHOTO: The logo of Vietnam's VinFast, a fledgling electric vehicle (EV) maker, is pictured in a sales location at a shopping mall in Santa Monica, California, U.S., May 23, 2022. Picture taken May 23, 2022. REUTERS/David Swanson/File Photo

HANOI (Reuters) - Vietnamese electric vehicle (EV) maker VinFast is delaying the launch of its planned $4 billion factory in North Carolina to 2028 and cutting its delivery forecast for this year by 20,000 units amid uncertainties in the global EV market.

VinFast, founded by Vietnam's richest man Pham Nhat Vuong in 2017 and which turned to making fully electric vehicles in 2022, said it would now deliver 80,000 vehicles this year, down from the initially planned 100,000.