But, on the other side of the spectrum, VinFast is betting everything it’s got on making it big. The automaker started a hiring process that aims to make space for an extra 8,000 employees at its plant in Vietnam. Once finished, the company would employ approximately 14.000 in the Asian country.
The plant in Vietnam can manufacture around 250,000 vehicles per year. But with upgrades, the number of units produced could grow to 600,000 by 2026, according to Reuters.
VinFast is aggressively pushing to make space for its all-electric vehicles. The company wants to fill the gap left by legacy automakers and new EV manufacturers that don’t offer a proper SUV yet. Tesla’s and BMW’s crossovers and SUVs aren’t yet ready to get in everyone’s garage. VinFast’s VF 8 and VF 9 aim to change this.
Over 8,000 Americans already placed an order with the Vietnamese car company. The first customer units will arrive by the end of the current year.
VinFast is also investing close to $2 billion in a plant located in Chatham County, North Carolina where it will produce its Pininfarina-designed all-electric SUVs.