LISTEN: Vietnamese EV Maker Sued by North Carolina After Ongoing Delays

Last Thursday, North Carolina Attorney General Jeff Jackson said, "VinFast agreed to build a factory and create jobs for North Carolinians — it didn't do either."The statement accompanied a lawsuit against the EV maker for promises made, but not kept.Jackson filed the lawsuit against VinFast on behalf of the North Carolina Department of Commerce, alleging that the company breached agreements to develop an EV and battery manufacturing facility in Chatham County. Now, the state is trying to reclaim the property so it can find a new partner.About four years ago, the state's Economic Investment Committee awarded a Job Development Investment Grant to VinFast Manufacturing US, LLC. The company promised to create 7,500 jobs and invest more than $3 billion in an EV manufacturing facility. To help make it happen, the North Carolina General Assembly earmarked $450 million to prepare the site and improve transportation, as well as water and sewer infrastructure in the area.#Manufacturing #EV #ElectricVehicles #VinFast #NorthCarolina #FactoryNews #IndustrialNews #ManufacturingNow #Automotive #EconomicDevelopment #BatteryFactory #MadeInAmerica #AutoIndustry #SupplyChain #BusinessNews #ManufacturingIndustry #EVManufacturing #Jobs #IndustryNews #AutomotiveNews