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Vietnam’s Vinfast looking for German location to build e-cars

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Vietnamese carmaker Vinfast wants to build its electric-powered vehicles in Germany, the company announced on Thursday. In a statement, Vinfast said it is working with the economic promotion agency Germany Trade and Invest (GTAI) to look for a location to establish a manufacturing plant for its electric cars and buses. “The era of shipping cars around the world is over, especially since Covid-19,” VinFast chief executive Le Thi Thu Thuy said. “You must have the factory close to the market in order to win over your customers.” Establishing a location in Europe’s largest economy would be a signi…

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