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 by Reuters.
VinFast NASDAQ:VFS has suspended plans to manufacture three electric vehicles in India and told suppliers to stop work on the projects while it reassesses costs, according to two sources and a company memo reviewed by Reuters. The Vietnamese automaker entered the India market a year ago.