VinFast to Build P31.74-B EV Plant in Philippines
Vietnamese automaker VinFast will establish a P31.74-billion ($500 million) manufacturing facility in the Philippines to produce electric vehicles (EVs). Construction is slated to begin in early 2027 and will be completed within two years, with an initial production target of 200,000 vehicles annually for domestic and export markets. This investment highlights the Philippines' growing role in advanced manufacturing and green technology.
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