Chery To Build New Car Manufacturing Plant In Vietnam
Chinese automaker Chery is set to massively expand its operations in the Southeast Asian region. The car brand announced an ambitious $800 million investment in a brand-new electric vehicle (EV) production plant in Vietnam. This marks a significant development, solidifying Chery's position as the first Chinese EV manufacturer to establish a dedicated production facility in the region.
Partnership With Geleximco
The Vietnamese trade ministry confirmed the news following the signing of a joint venture agreement between Chery's Omoda & Jaecoo unit and Vietnamese powerhouse Geleximco .?
This strategic partnership leverages Chery's established expertise in EV technology with Geleximco's deep understanding of the Vietnamese market. The chosen location for the Chery Vietnam production plant is the coastal province of Thai Binh, offering logistical advantages and a skilled workforce.
New Facility For Omodo & Jaecoo Brands
The Chery Vietnam production plant will primarily focus on manufacturing Chery's Omoda and Jaecoo electric vehicle models . These models, currently not available in Vietnam, are expected to generate significant interest among Vietnamese consumers looking for eco-friendly transportation solutions.
领英推荐
Production Capacity
Chery's Vietnam production plant is designed to be a powerhouse, boasting a targeted annual capacity of 200,000 electric vehicles. This significant output reflects the growing demand for eco-friendly transportation solutions in Vietnam and the broader Southeast Asian region.
Read the New Chery Production Plant In Vietnam article to know more about the comparison. Visit DubiCars's Blog for more content on all things automotive.
Subscribe to DubiCars’ WhatsApp Channel for the latest automotive news, guides, polls, and informative infographics.
Also Read: