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VinFast announces new EV facility in India

Teslarati

The Vietnam-based EV manufacturer and the government of Tamil Nadu have committed to investing $500 million in the first phase of the EV facility, which will span 5 years from the start date. In August 2023, VinFast Auto Ltd. This achievement was quite a surprise to those observing the global auto industry.

India 113
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Global EV sales are ‘robust’ – more than 1 in 5 cars sold in 2024 will be electric

Baua Electric

Rising EV sales are set to remake the global auto industry and significantly reduce oil consumption for road transport, according to the new edition of the IEA’s annual Global EV Outlook , released today. This shift will have major ramifications for both the auto industry and the energy sector.

Global 52
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Disruptive tech, sustainability agenda driving India’s auto INC | Autocar Professional

Baua Electric

With a mature manufacturing ecosystem, India is poised to contribute to global sustainable mobility solutions, fostering both domestic and international growth in the auto industry. The auto industry is making strides to replace the traditional sources of fuel with the carbon-free fuel.

Auto 40