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EV maker VinFast is facing another setback in its US electric vehicle expansion. The Vietnamese EV maker announced Friday it will postpone plans to begin production at its planned EV plant in North Carolina until 2025.

VinFast delays US EV plant operations until 2025

VinFast announced last March it had signed a memorandum of understanding (MOU) with the state of North Carolina to build its first EV facility in North America and expand its manufacturing footprint.

The company initially claimed it would invest up to $2 billion for the first phase at the Chatham County, North Carolina manufacturing site, with 150,000 annual vehicle capacity.

VinFast plans to break the nearly 2,000 acres site into three distinct areas – electric vehicle and bus production (and assembly), EV battery manufacturing, and ancillary industries for suppliers.

In July, Chatham County rewarded VinFast with a $1.3 billion incentive package, making it the largest in North Carolina state history.

Construction for phase 1 was initially expected to begin in 2022. However, VinFast is still awaiting a permit from the US Army of Engineers designed to minimize water and wetland damages after receiving the air quality permit from the NC Department of Environmental Quality last month.

Now VinFast is pushing back plans to begin producing at the EV plant to 2025, a year later than initially expected. VinFast said in a statement:

We need more time to complete administrative procedures.

VinFast delivered its first batch of VF 8 electric vehicles to US customers on March 1, delaying the rollout over a software update, but says the second batch won’t be shipped until the second quarter of 2023.

Electrek’s Take

VinFast’s timeline was ambitious to begin with, so it’s not surprising to see a delay at this point. However, after making swift progress early last year, the EV maker has encountered several hurdles since that’s slowing its roll.

Giving the plant an extra year to begin operations may be the right thing to do right now rather than rushing to get it done and running into issues later.

I’m hopeful VinFast will be able to smooth things out and get back on track as it looks to build its brand in the US and globally.

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Our only oil and natural gas stock stands to win big if a key pipeline project is revived

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Our only oil and natural gas stock stands to win big if a key pipeline project is revived

New York Governor Kathy Hochul (C) holds a picture of US President Donald Trump during a press conference at Grand Central Terminal on Feb. 19, 2025 in New York City.

Angela Weiss | AFP | Getty Images

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Electrek Formula Sun Grand Prix 2025: Now just over a month away

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Electrek Formula Sun Grand Prix 2025: Now just over a month away

Coming in hot… well, as hot as these solar cars can get, upwards of 60 mph.

It’s hard to believe we’re just over a month away from this year’s Electrek Formula Sun Grand Prix 2025 collegiate solar car track event! In July, some of the greatest engineering minds from universities across North America will roll into Bowling Green, Kentucky, with their respective hand-built solar-powered EVs to go head-to-head in a competition all about pushing the limits of sustainable transport. The goal? Complete as many laps as possible each race day using nothing but sunshine.

The event is open to the public and free to attend. Raycing kicks off on July 3 from 10 a.m. to 6 p.m. CT and continues through July 5 from 9 a.m. to 5 p.m. CT. You’re not going to want to miss this!

As a refresher, the Formula Sun Grand Prix (FSGP) is held annually and typically acts as a pre-qualifier for the American Solar Challenge (ASC), a cross-country solar car race held every two years. During ASC years, FSGP is where teams prove their vehicles are road-worthy and safe enough to trek over 1,500+ miles from Tennessee to Wyoming on public roads.

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This year, however, is an off-year for ASC. Teams will only compete in the track event. Here are last year’s FSGP/ASC results and highlights.

The 2025 Electrek FSGP will again be held at the National Corvette Museum Motorsports Park in Bowling Green, Kentucky, which, interestingly enough, General Motors occasionally uses for Corvette testing and development. It’s here, students will go head-to-head in a grand prix-style event, competing to complete as many laps as possible using nothing but solar power. It may sound simple, but it’s a test of speed, efficiency, and endurance.

Last year’s event drew a record turnout, with more than 32 teams and 710 student participants from universities across the U.S. and Canada.

The ASC and FSGP are organized by the Innovators Educational Foundation (IEF), a 501c3 non-profit providing hands-on, multidisciplinary learning opportunities for college students. In 2023, Electrek announced the signing of a five-year title sponsorship agreement with the IEF, which will guarantee funds to host the yearly races through 2028.

This was a natural fit. EVs, solar power, sustainable transport, and collaboration—this is what we’re all about at Electrek, and we’re thrilled to once again be a part of such an incredible event.

Other 2025 Electrek FSGP sponsors include Altair, Blue Origin, MathWorks, Generac, and in previous years Tesla, which have used the event as prime recruiting grounds. In fact, in past years, one recruiter even told Electrek that “getting great employees at the Formula Sun Grand Prix was like shooting fish in a barrel” and added “students at these events are orders of magnitude more likely to yield successful hires than typical campus recruiting events.”

And when it comes to industry talent, FSGP/ASC has serious roots.

JB Straubel, Tesla’s co-founder, ex-CTO, and current sitting board member, got his start in the Stanford Solar Car program. While he currently serves as CEO of lithium-ion battery materials company Redwood Materials, Straubel talks about how many of Tesla’s early hires came straight out of that same solar car team in the video below.

If you’re interested in joining us in sponsoring these events, please get in touch here!

We’ll continue to post more details, including the full schedule, as the race nears! Keep an eye on the website as well.

2024 Electrek FSGP/ASC recaps

Below are the full recap videos from the Formula Sun Grand Prix/American Solar Challenge. The event’s official Flickr page has also amassed more than 1,500 photos. Check them out—they’re super cool!

More details and full results on last year’s Electrek American Solar Challenge and Formula Sun Grand Prix can be found on the event’s website.

Note: The Formula Sun Grand Prix is not in any way associated or affiliated with the Formula 1 companies, FORMULA 1 racing, or the FIA Formula One World Championship.

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Nissan claims buyouts for workers at US EV plant are a ‘crucial’ part of its comeback

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Nissan claims buyouts for workers at US EV plant are a 'crucial' part of its comeback

The struggling carmaker is urgently cutting costs as it looks to turn things around. Nissan is offering buyouts to US workers at its Canton, Mississippi, plant, citing it as a “crucial” part of its comeback plan.

Nissan offers buyouts for US workers at its Canton plant

Nissan has been in the spotlight over the past few weeks for all the wrong reasons. It began earlier this month, following the company’s announcement that it was abandoning plans to build a new EV battery plant in Japan.

The facility was set to produce lower-cost LFP batteries, which have been key to BYD and other Chinese EV brands’ rapid rise in the global auto industry. With an annual production capacity of up to 5 GWh, the plant was expected to slash EV battery costs by 20% to 30%.

Facing slumping sales, lower profits, and more competition, Nissan launched its new recovery plan, dubbed “Re:Nissan,” earlier this month.

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The comeback strategy involves cutting 20,000 jobs, or around 15% of its global workforce, by 2027. Nissan is also closing several plants to slash costs by 250 billion yen as it aims to return to profitability by fiscal year 2026.

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2025 Nissan Ariya Platinum+ e-4ORCE (Source: Nissan)

According to an internal email, viewed by Reuters, Nissan is offering buyouts for US workers at its Canton plant. The email also stated that merit-based pay increases are suspended globally.

Christian Meunier, Nissan America’s chairman, said the buyouts are “crucial for Nissan’s comeback” in the US, its most important market.

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Nissan’s new LEAF EV (Source: Nissan)

“While substantial efforts have been made in the US to help right-size Nissan, we need to take additional, limited, strategic action here at a local level,” Meunier said in an email.

Nissan announced a voluntary separation program for a select number of US salaried employees. Since the plan is still ongoing, Nissan didn’t provide any further details.

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Nissan’s upcoming lineup for the US, including the new LEAF EV and “Adventure Focused” SUV (Source: Nissan)

On Wednesday, a separate report from Bloomberg News claimed that Nissan is looking to raise over 1 trillion yen ($6.9 billion) with the help of the UK government to repay a massive loan due next year.

Nissan invested $500 million to upgrade its Canton plant for electric vehicle (EV) production in the US. Although it initially planned to begin building EVs in the US this year, Nissan delayed production until at least 2028.

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Nissan next-gen LEAF testing in the US (Source: KindelAuto)

Later this year, Nissan will launch the upgraded LEAF, now with a longer driving range, an NACS charging port, and a more SUV-like design. It will be one of ten new Nissan or Infiniti models to launch by 2027.

Electrek’s Take

As Electrek reported yesterday, Nissan’s comeback plan hinges on its upgraded e-Power technology. The only issue is that the system is designed for hybrids.

Nissan is following in Toyota and Honda’s footsteps by advancing new hybrid and plug-in hybrid tech, but the company is already two steps behind.

Doubling down on hybrids and PHEVs while delaying more EV projects will likely only set Nissan up for failure over the next few years.

The Japanese automaker is already losing market share in some of its biggest markets, like China and Southeast Asia.

Can Nissan turn things around in the US, its most important market? Or, will it continue to fall out of favor with lower-cost, more advanced EVs on the way from brands like Rivian and Lucid? Let us know your thoughts in the comments.

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