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VinFast suspends plans to build three EV models in India

VinFast has suspended plans to manufacture three electric vehicles in India and ordered suppliers to halt work on the projects while it reassesses costs, according to two sources and a company memo reviewed.

VFS

By Aditi ShahVinFast NASDAQ:VFS has suspended plans to manufacture three electric vehicles in India and ordered suppliers to halt work on the projects while it reassesses costs, according to two sources and a company memo reviewed - a year after the Vietnamese automaker entered a crucial…