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North Carolina sues Vietnam's VinFast over delayed EV project

North Carolina has sued Vietnamese EV maker VinFast for failing to meet its commitments to build a factory. The company has abandoned the site for over a year, despite agreements to create 7,500 jobs and invest over $3 billion. The state seeks repayment of $80 million and the right to acquire the land for another manufacturer.

22 May 2026 8:39 am