Business

THACO to unveil 28 new automobile models

Vietnam’s Truong Hai Group Corporation (THACO) will unveil 9 models of passenger cars, 13 models of trucks and 6 models of buses, said Chairman of its Board of Directors Tran Ba Duong in his New Year message to employees.
THACO to unveil 28 new automobile models ảnh 1A THACO bus in a test run. (Photo: VNA)

Hanoi (VNA) – Vietnam’sTruong Hai Group Corporation (THACO) will unveil 9 models ofpassenger cars, 13 models of trucks and 6 models of buses, said Chairman of itsBoard of Directors Tran Ba Duong in his New Year message to employees.

Additionally, the company will establish andoperate a sale company in the US for the North American market.

THACO AUTO, asubsidiary operating in the field of automobile and motorcycleimport, assembly and distribution, will increase investments in its retailsystem, builda new and larger research and development centre equipped with modern andsynchronous facilities to meet technological demand for automobile assembly andproduction, expand repair services and parts trading, and launch the pilot saleof used vehicles.

In 2024, THACO AUTO's sale plan aims to reach95,400 units of various automobile types, including 76,200 passenger cars and19,200 trucks and buses, capturing a 38% domestic market share. It also targetsto export over 1,600 vehicles, resulting in a consolidated revenue of 68.4trillion VND (2.85 billion USD).

Alongside THACO AUTO, THACO INDUSTRIES, asubsidiary of THACO engaged in mechanical manufacturing and supportingindustries, will continue its investment strategy in 2024 by initiating theoperation of new factories in Chu Lai, upgrading existing factories, putting aresearch and development centre into operation, and running a sale company forthe North America and two representative offices in Europe and Australia.

Its a consolidated revenue is expected to reach 13trillion VND this year, with export revenue reaching 250 million USD. Totalcapital will amount to 2.1 trillion VND./.

VNA
#Truong Hai Group Corporation #Vietnamplus #Vietnam News Agency #THACO AUTO #THACO INDUSTRIES #research and development centre Vietnam
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