North Carolina Sues Vietnam’s Vinfast Over Delayed EV Project

HANOI, May 22 (Reuters) – ⁠The ⁠State of ⁠North Carolina has sued Vietnam’s ​EV maker Vinfast for its ‌alleged failure to ‌meet its commitments ⁠to ⁠build an electric vehicle and battery factory ​in the state, Attorney General Jeff Jackson said in ​a statement.

• Vinfast has abandoned ⁠work on ⁠the site for ⁠over ​a year, according to the statement ​issued on ⁠Thursday.

• Vinfast was earlier licenced to build the plant with commitments ⁠to create 7,500 jobs and invest over $3 billion ⁠in North Carolina, the statement said.

• “Vinfast has defaulted on its agreements with the State, and Vinfast’s continued inaction all but guarantees imminent further default,” it ⁠said.

• Vinfast didn’t immediately respond to a Reuters’ request for comment.

(Reporting by Khanh Vu ​and Francesco Guarascio; Editing ​by David Stanway)

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