UPDATE 1-Vietnam's VinFast to set up EV battery plant in India -sources

[admin]

Vietnamese electric vehicle maker VinFast is set to open its first Indian manufacturing facility, where it will make batteries, in the southern state of Tamil Nadu, three people familiar with the matter said. The company will make batteries for EVs at the plant in the city of Thoothukudi, one of the people said, adding that this was separate from its previously announced plans to assemble vehicles shipped in parts from Vietnam. VinFast said in a statement on Wednesday that it would reveal details of its plans at "an appropriate time".