Hanoi (VNA) — The first shipment of the Chinese Omoda C5 vehicles has departed from Indonesia and is en route to Vietnam, announced Omoda & Jaecoo Vietnam on November 6.
According to the joint venture between Vietnam’s GELEXIMCO Group and China’s Chery Group, the prices of the vehicles are expected to be revealed later this month, before its domestic assembly.
In addition to importing vehicles from Indonesia and Malaysia, Omoda & Jaecoo Vietnam is developing a production plant in the northern province of Thai Binh, which is designed to have an annual capacity of 200,000 units.
With a total investment of 800 million USD, the facility is anticipated to begin operations by 2026, fostering growth in Vietnam’s automotive industry and generating significant economic benefits and job opportunities for locals.
Insiders noted that the local assembly of the Omoda C5 and other models will help reduce costs, making them more competitively priced and tailored to the needs of Vietnamese consumers.
This marks a significant milestone in the long-term strategy of the Chery-GELEXIMCO joint venture, underscoring its commitment to the Vietnamese market and the broader shift towards sustainability in the automotive industry./.
Vietnam to take bold move to promote EV industry, green transition
Buyers of electric vehicles (EVs) could receive an incentive totalling 1,000 USD per purchase.
