The non-binding agreement follows VinFast's MOU with EDC on Tuesday for collaboration on EV development and driver training, as the automaker seeks to improve its financial position after reporting a 27 percent increase in quarterly losses to 18.76 trillion dong ($442 million).
The company recently postponed the opening of its 150,000-unit North Carolina plant from 2025 to 2028 and reduced its annual sales target from 100,000 to 80,000 vehicles, while focusing expansion on Asia with new assembly plants in Indonesia and India.
VinFast's third-quarter deliveries rose 66 percent to 21,912 vehicles, including a record 9,300 units in Vietnam last month, driven by strong demand for its new compact SUV model VF 3.
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