VinFast Auto (VFS) has released an update.
VinFast Auto Ltd. is advancing the construction of new manufacturing facilities in select markets, including India and Indonesia, with the goal of beginning production in 2025 and potentially ramping up to 300,000 vehicles annually. Following its recent launch in the Philippines, the company is gearing up to open showrooms and initiate vehicle sales. They have also projected a significant sales increase in the U.S. market this year and anticipate reaching a break-even point soon, despite acknowledging that these forward-looking statements are subject to change based on market conditions.
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