VinFast's bold ambitions to sell electric cars to consumers in the US have suffered another setback with production at its as-yet-unbuilt facility in North Carolina now not expected to start until 2025.
The Vietnamese company had most recently said it planned to start trial production at the plant by 2024. Earlier this week a company spokesperson said VinFast had "received the air permit and we are preparing for sub-contractors bidding and will start the construction soon."
An updated filing for VinFast's planned U.S. initial public offering released Friday however said that commissioning of the facility is targeted for 2025.
"Pre-construction work for phase one commenced in the third quarter of 2022, with commissioning targeted for 2025," the filing said. "Phase one of the facility is expected to have an initial capacity of 150,000 vehicles a year" rising to 250,000 cars upon completion of phase two.
Tesla Inc.'s factory in China, by way of compa…