VinFast signs 4-billion-USD deals with Credit Suisse, Citigroup for EV factory in US
(VOVWORLD) -Automaker VinFast on Tuesday announced that it has signed agreements with Credit Suisse (Singapore) Ltd and Citigroup Global Markets Inc. to raise at least 4 billion USD to develop an electric vehicle factory in North Carolina, the US.
 VinFast's factory will create a major manufacturing centre in Chatham County's Triangle Innovation Point megasite, covering an area of 800 hectares (Photo: viettimes.vn) |
The deals were signed by Singapore-based VinFast Trading and Investment Pte. Ltd, with each valuing at least 2 billion USD.
VinFast's factory will create a major manufacturing centre in Chatham County's Triangle Innovation Point megasite, covering an area of 800 hectares, with three main areas for electric cars and buses production and assembly, EV batteries production, and supporting industries for suppliers.
Credit Suisse is one of the world leading investment banks with its strength in asset management, banking and investment services. Citigroup is strong in strategic consulting and capital mobilisation, providing services to corporations, large financial institutions and governments across the world.