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VinFast Opens Indonesian EV Plant, Pledges $1 Billion to Lift Capacity to 350,000 Per Year

The company aims to anchor production in Indonesia with 80% local content by 2030.

Overview

  • The Subang manufacturing complex was inaugurated on December 15, bringing the facility officially into operation.
  • VinFast plans a sevenfold expansion of the plant’s output to 350,000 EVs annually through a new $1 billion investment.
  • The 171-hectare site was built for $300 million and completed 17 months after groundbreaking.
  • The factory will add assembly lines for electric motorcycles and a commercial electric MPV scheduled for a 2026 launch.
  • VinFast trails BYD in Indonesian sales so far this year, while pursuing regional growth that includes a $500 million India expansion and 110,362 global deliveries in the first nine months of 2025.