India, Aug. 4 -- Vietnamese electric vehicle (EV) manufacturer VinFast is in talks with multiple component makers to boost local sourcing from India.

VinFast's Asia CEO, Pham Sanh Chau, told Reuters that the company is negotiating with several existing suppliers, with some considering shifting part of their production to VinFast's new industrial park in Tamil Nadu.

"The firm is in discussions with several of its current component suppliers, and some want to shift part of their production to the industrial park in India," Chau said.

Last month, the company also partnered with lithium-ion (Li-ion) battery recycling startup BatX Energies, for battery recycling and critical mineral recovery in India.

The CEO's statement coincides with Vin...