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Not going to work that way in the vid
The vehicle has all wheel drive but still needs proper winter tires and steel chains to move forward in harsh winter conditions.

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Vietnam newest football stadium apparently inspired by Rome colosseum.

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Making 125mm tank cannons in series

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So close to the F35s
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[Yellow is Okay]

With VinFast plans delayed, Chatham County moves toward canceling $400M incentives deal​

Vietnamese automaker VinFast promised to begin production in Chatham County by July 1 in exchange for lucrative tax breaks. The county is now trying to cancel its agreement with the company, saying it failed to uphold its end of the deal.

Site of a planned VinFast manufacturing facility in Chatham County. The state sued the company to get the property back​

An ambitious plan to build electric vehicles — and create thousands of jobs — in North Carolina has been dealt another major setback.

Chatham County commissioners on Monday voted to direct the county’s attorney to cancel an incentives agreement with a subsidiary of VinFast, — a deal that promised millions of dollars in tax breaks and other incentives for the Vietnamese automaker.

VinFast in 2022 pledged to invest more than $2 billion in a site in Moncure and create at least 7,500 jobs over a period of years. At the time, it expected to begin construction that year and begin production by the middle of 2024. In return, the county agreed to give the company about $400 million in incentives — if the company met investment and hiring targets and deadlines. None of the incentive money has been distributed to the company, county officials said.

A local economic development agreement signed by VinFast in 2022 allows the county to terminate its incentives agreement with VinFast if the company failed to develop enough of the project to increase its property tax value to at least $700 million and if VinFast hadn’t created at least 1,750 eligible jobs by Jan. 1, 2026. The company hadn’t made significant progress on construction and failed to meet the hiring goal by that date, state officials alleged in a recent lawsuit.

“VinFast has failed to meet the performance obligations and project deadlines outlined in the County’s economic development agreement,” Chatham County Manager Bryan Thompson said in a statement on Thursday. “As a result, the County determined that termination of the agreement is warranted.”

Spokespeople for VinFast and a lawyer representing the company didn’t immediately provide a comment on the termination of the Chatham County incentives.

The cancellation effort comes two months after the North Carolina Department of Justice sued the automaker on behalf of the state Department of Commerce — an effort to reclaim the land it sold to the company for its factory.

VinFast executives in 2022 agreed to a deal that would allow the state to buy back the property it originally sold to VinFast if the automaker failed to begin vertical construction by Jan. 1, 2024, or commence operations by July 1, 2026.

The state is now attempting to exercise that option, saying it wants to move on from the delayed project to free it up for future economic development opportunities. The state is also trying to claw back at least $80 million it has provided for site preparation related to the project.

Vinfast booked some of that money as a liability, “due to the uncertainty of certain events and conditions for recovery of funds as specified in the site development agreement” with the state, the automaker said in a regulatory filing last month. In a separate regulatory filing, the company said last month that it is evaluating the allegations in the state’s lawsuit and “intends to respond through the appropriate legal process.”

The company has until Sept. 2 to respond to the state’s lawsuit, according to court documents filed last week. The company and the state also requested this month that a judge seal an amended complaint to protect what VinFast describes as proprietary business information.

The state Department of Commerce also agreed to an incentives deal worth more than $300 million. A spokesperson for the department declined to comment Thursday, citing the pending litigation.

“Communities with development-ready mega-sites are rare,” Michael Smith, president of the Chatham Economic Development Corporation, said in an email to WRAL on Thursday. “If the site becomes available, Chatham County would have an opportunity to market it to a wide range of industries seeking large-scale locations. We are optimistic about its long-term potential for new jobs and investment in Moncure.”

Smith said VinFast’s planned investment in Chatham County has led to a surge of interest, which accelerated development in the area. He believes that positions the county well for any future projects.

WRAL State Government Editor Jack Hagel contributed to this report.

https://www.wral.com/business/vinfast-agreement-canceled-chatham-county-north-carolina-july-2026/