VinFast to invest $400m in India, Indonesia EV factories; expects $1.2b cash infusion

VinFast to invest $400m in India, Indonesia EV factories; expects $1.2b cash infusion

FILE PHOTO: The logo of VinFast is pictured at the 2022 Paris Auto Show in Paris, France October 17, 2022. REUTERS/Stephane Mahe/File Photo

VinFast aims to build factories in India and Indonesia, while anticipating a $1.2 billion cash infusion from its founder and others as the Nasdaq-listed electric vehicle producer hopes to reach 50 markets by the end of 2024.

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