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Small but promising EV market on rise (Vietnam)
Vietnam Investment Review ^ | June 28, 2023 | 09:15

Posted on 01/26/2024 9:13:51 PM PST by cba123

A number of electric car manufacturers in Vietnam plan to launch mini models, with the world increasingly interested in and strongly committed to reducing emissions.

After signing a strategic cooperation agreement with the joint venture of General Motors and SAIC-Wuling on the manufacturing, assembling, and exclusive distribution of electric vehicles (EVs) in Vietnam, Hoang Minh Dong, director of TMT Motor, said the company would officially launch two versions of the Wuling HongGuang Mini EV and announce its sales policy on June 29-30 in Hanoi and Ho Chi Minh City.

The Wuling HongGuang Mini EV includes a standard and fully enhanced version. Each version will have the option of a battery capacity of 9.6kWh or 13.4kWh, for a maximum travel distance of 120 km and 170 km, respectively.

TMT Motor stated it has the sole authorisation to manufacture, assemble, and distribute the EV models in Vietnam, and that Wuling would support its production by providing auto parts to ensure quality and delivery. Because of its tiny size, elegant design, and flexible space with four seats, the Mini EV will be a new option within the lower price range of many Vietnamese clients.

According to Dong, the selling price will give people with average incomes of about $650 per month the chance to access

the cars. “The reason for choosing this mini EV model comes from the fact that TMT Motor found that this EV belongs to a segment the market is lacking, and will meet the needs of customers with a stable design and reliable quality,” he said, adding that the model is a bestseller in China.

Chinese car manufacturers will soon land in the Vietnamese market with many mini EV models. The Chinese EV manufacturer Zhidou displayed the A01 model at the Autotech & Accessories 2023 exhibition in Ho Chi Minh City. This is a small EV model, introduced specifically for moving in the inner city.

Zhidou said it would enter into a joint venture with a domestic partner to assemble this model. The Zhidou A01 model will go on sale in Vietnam in the next three months.

Meanwhile, at Vingroup’s annual general shareholders’ meeting, billionaire Pham Nhat Vuong revealed a new direction for VinFast, which is to expand and develop A-class mini EVs.

“We are deploying until the end of 2024 to launch a tiny, low-priced, beautiful car. In the next few weeks, we will announce the details. Towards becoming the world’s top car company, we will not ignore any product that the market needs,” said Vuong.

(...)

“Mini EVs are expected to become a trend in the Vietnamese car market, meeting the needs of personal mobility, especially in urban areas. However, they also have limitations in terms of range and speed compared to larger vehicles. The development of charging infrastructure is also a challenge for mini versions,” said Nguyen Dinh Thong, director of the Automotive Training Centre.


TOPICS:
KEYWORDS: automatic; automotive; cbacommielover; chat; electric; evs; firetraps; goaway; notfiretraps; soonmadeinusa; tmtmotor; vinfast
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To: Yardstick

That is the thing nobody realizes.

America is the place, so many Vietnamese relate with.

I love it here.

No doubt.


21 posted on 01/28/2024 2:37:17 AM PST by cba123 (Tôi là người Mỹ. Hiện tôi đang ở Việt Nam)
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To: poconopundit

Honestly Vietnam is way more family-related than America now.

The divorce rate is the second-lowest in the world.


22 posted on 01/28/2024 2:49:12 AM PST by cba123 (Tôi là người Mỹ. Hiện tôi đang ở Việt Nam)
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To: cba123

I’m not sure Vietnam has the same safety standards that the US has. If not, then I don’t think they would be able to sell them here.


23 posted on 01/28/2024 2:53:59 AM PST by Hot Tabasco (This Is The Way)
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To: Yardstick

Yep.

Vietnam is very, very pro-America.

Even in the northern half of the country.


24 posted on 01/28/2024 2:56:03 AM PST by cba123 (Tôi là người Mỹ. Hiện tôi đang ở Việt Nam)
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To: Hot Tabasco

From the VinFast website:

“VinFast’s factory will create a major manufacturing center in Chatham County’s Triangle Innovation Point megasite, covering an area of 800-hectares, with 3 main areas: electric cars and buses production and assembly, EV batteries production and ancillary industries for suppliers.”


25 posted on 01/28/2024 3:09:25 AM PST by cba123 (Tôi là người Mỹ. Hiện tôi đang ở Việt Nam)
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To: cba123

Hi cba123,

It’s great to hear Vietnam’s families remain strong. I sensed that in my short visit to your country.

When I would go to the local coffee shop in Hanoi, I saw young students with their textbooks studying there. I saw parents in a small public park making breakfast for kids going to school early in the morning.

And here in Japan, through a local international club that teaches the Japanese language to foreign residents, I’ve met students and professionals from Vietnam, Thailand, and Cambodia who are wonderful people.

So I hope that the strong family culture of Southeast Asia continues to grow — and that America, too, can return to the family-strong, self-reliant, and hard-working culture I was raised in.


26 posted on 01/30/2024 2:41:06 PM PST by poconopundit (Kayleigh the Shillelagh, I'm disappointed in you....)
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To: poconopundit

Yes. I love America, very much.

I want her to be strong, and united.


27 posted on 02/01/2024 1:22:08 AM PST by cba123 (Tôi là người Mỹ. Hiện tôi đang ở Việt Nam)
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