VinFast plans to establish an electric vehicle (EV) plant in Tamil Nadu, with an initial investment of $500 million.

Chennai, India: Buckle up, India! Vietnamese EV giant VinFast is hitting the gas pedal on green transportation with a $500 million electric vehicle manufacturing facility in Tamil Nadu! This isn't just about cars, it's about creating a cleaner future and thousands of local jobs.

• $500 million kickstart: The first phase of this five-year project is already buzzing with a cool $500 million investment, and VinFast hints at potentially doubling that commitment! Get ready for a major boost to India's EV scene.

• Jobs galore: This isn't just about fancy cars, it's about people! The Thoothukudi plant is estimated to create 3,000 to 3,500 jobs, putting smiles on faces and powering local communities.

• Production powerhouse: VinFast is aiming for an annual capacity of up to 150,000 electric vehicles at this facility. That's a whole lot of zero-emission rides rolling off the assembly line, making India a greener giant.

• Supply chain smarts: This isn't just an isolated plant, it's part of VinFast's grand plan to build a robust EV supply chain in India. Get ready for a ripple effect of innovation and growth throughout the sector.

Mark your calendars: Construction is slated to begin in 2024, so buckle up for an exciting ride as India's EV landscape shifts into high gear! This is just the beginning of a thrilling journey toward a cleaner, greener future for India, powered by VinFast's vision and Tamil Nadu's drive.

Keep your eyes peeled for updates on this electrifying project! VinFast is poised to change the game, and India is ready to reap the benefits – jobs, cleaner air, and a thriving EV ecosystem. Buckle up, the future is electric!