North Carolina Sues VinFast Over Delayed, Downsized Factory Plan

North Carolina sued Vietnamese electric vehicle maker VinFast Auto Ltd., alleging the company breached agreements tied to a planned electric vehicle and battery manufacturing facility, and seeking to reclaim the project site.

The US state was exercising its contractual right to acquire the property to protect taxpayer investments after VinFast failed to meet key obligations tied to the project, Attorney General Jeff Jackson said in a statement.

“VinFast agreed to build a factory and create jobs for North Carolinians – it didn’t do either,” Jackson said. “When North Carolina makes a deal, we build in protection for taxpayers. ...