An unproven Vietnamese electric vehicle manufacturer’s billion-dollar deal championed by then-Gov. Roy Cooper (D-NC) has crumbled in central North Carolina.
The deal struck in 2022 by Cooper saw the state commit $1.2 billion of taxpayer money to VinFast, a Vietnamese-based electric vehicle (EV) manufacturer, as the two-term governor sought to implement Green New Deal policies in his last term in office. Cooper is now running for U.S. Senate against Republican nominee Michael Whatley.
At a scheduled monthly meeting on July 27, Chatham County commissioners terminated their end of the agreement, saying the company failed to meet performance obligations and project deadlines. Chatham County sits 35 miles west of the state...
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