By Shelby Brooks
After a year of secrecy, the sale price of the Lang Lang Proving Grounds has been revealed at $36.3 million.
Vietnamese automakers VinFast purchased the property last year after automotive giant General Motors (GM) placed the 877ha test track on the market mid-2020 following the Holden brand’s retirement.
But it wasn’t until last week that the price of the sale was made known, after a Victorian Valuer-General report disclosed the sale at $36.3 million.
The Herald Sun reported that VinFast had begun building the site’s capabilities and capacity to suit a “wide range of development, test and validation” since taking over the site in November 2020 and is looking at opening the facility for testing for external companies.
It has also been reported that VinFast’s future range could include electric and petrol-powered cars ranging from small to mid and large-sized SUVs.
The Southeast Asian car producers closed their other research and development centre in Port Melbourne temporarily in May.