VinFast to Expand Tamil Nadu Facility, Add Production Lines for Electric Buses, E-Scooters

MT Newswires Live12-04 23:36

VinFast Auto (VFS) said Thursday it has a signed a memorandum of understanding with the Government of Tamil Nadu, India, for the expansion of an existing facility to support plans to add production lines for electric buses and e-scooters.

Under the terms of the MoU, the Tamil Nadu government will allocate around 500 acres of land adjacent to VinFast's facility in an industrial park in Thoothukudi and support the company in obtaining permits and establishing the required infrastructure, the company said.

VinFast said it will invest $500 million, under its existing $2 billion commitment, to develop workshops and production lines for electric buses and e-scooters, with the state government providing applicable incentives and financial support measures.

The existing facility, which covers 400 acres, has an annual production capacity of 50,000 electric vehicles and is being expanded to 150,000 units, VinFast said.

Price: 3.33, Change: -0.03, Percent Change: -0.89

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2588833710?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-04 23:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2588833710","market":"fut","top_or_hot":-1,"title":"VinFast to Expand Tamil Nadu Facility, Add Production Lines for Electric Buses, E-Scooters","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/VFS\">VinFast Auto</a> (VFS) said Thursday it has a signed a memorandum of understanding with the Government of Tamil Nadu, India, for the expansion of an existing facility to support plans to add production lines for electric buses and e-scooters.</p><p>Under the terms of the MoU, the Tamil Nadu government will allocate around 500 acres of land adjacent to VinFast's facility in an industrial park in Thoothukudi and support the company in obtaining permits and establishing the required infrastructure, the company said.</p><p>VinFast said it will invest $500 million, under its existing $2 billion commitment, to develop workshops and production lines for electric buses and e-scooters, with the state government providing applicable incentives and financial support measures.</p><p>The existing facility, which covers 400 acres, has an annual production capacity of 50,000 electric vehicles and is being expanded to 150,000 units, VinFast said.</p><p>Price: 3.33, Change: -0.03, Percent Change: -0.89</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VinFast to Expand Tamil Nadu Facility, Add Production Lines for Electric Buses, E-Scooters</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVinFast to Expand Tamil Nadu Facility, Add Production Lines for Electric Buses, E-Scooters\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-12-04 23:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/VFS\">VinFast Auto</a> (VFS) said Thursday it has a signed a memorandum of understanding with the Government of Tamil Nadu, India, for the expansion of an existing facility to support plans to add production lines for electric buses and e-scooters.</p><p>Under the terms of the MoU, the Tamil Nadu government will allocate around 500 acres of land adjacent to VinFast's facility in an industrial park in Thoothukudi and support the company in obtaining permits and establishing the required infrastructure, the company said.</p><p>VinFast said it will invest $500 million, under its existing $2 billion commitment, to develop workshops and production lines for electric buses and e-scooters, with the state government providing applicable incentives and financial support measures.</p><p>The existing facility, which covers 400 acres, has an annual production capacity of 50,000 electric vehicles and is being expanded to 150,000 units, VinFast said.</p><p>Price: 3.33, Change: -0.03, Percent Change: -0.89</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4099","symbol_name":"汽车制造商","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2588833710","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588833710","pubTimestamp":1764862568,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"VinFast Auto  said Thursday it has a signed a memorandum of understanding with the Government of Tamil Nadu, India, for the expansion of an existing facility to support plans to add production lines for electric buses and e-scooters.Under the terms of the MoU, the Tamil Nadu government will allocate around 500 acres of land adjacent to VinFast's facility in an industrial park in Thoothukudi and support the company in obtaining permits and establishing the required infrastructure, the company said.VinFast said it will invest $500 million, under its existing $2 billion commitment, to develop workshops and production lines for electric buses and e-scooters, with the state government providing applicable incentives and financial support measures.The existing facility, which covers 400 acres, has an annual production capacity of 50,000 electric vehicles and is being expanded to 150,000 units, VinFast said.Price: 3.33, Change: -0.03, Percent Change: -0.89","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4099":"汽车制造商","VFS":"VinFast Auto"},"translate_title":"VinFast将扩建泰米尔纳德邦工厂，增加电动公交车和电动滑板车生产线","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VFS":1},"content_text":"VinFast Auto (VFS) said Thursday it has a signed a memorandum of understanding with the Government of Tamil Nadu, India, for the expansion of an existing facility to support plans to add production lines for electric buses and e-scooters.Under the terms of the MoU, the Tamil Nadu government will allocate around 500 acres of land adjacent to VinFast's facility in an industrial park in Thoothukudi and support the company in obtaining permits and establishing the required infrastructure, the company said.VinFast said it will invest $500 million, under its existing $2 billion commitment, to develop workshops and production lines for electric buses and e-scooters, with the state government providing applicable incentives and financial support measures.The existing facility, which covers 400 acres, has an annual production capacity of 50,000 electric vehicles and is being expanded to 150,000 units, VinFast said.Price: 3.33, Change: -0.03, Percent Change: -0.89","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2588833710","isCrawlerRequest":true}