![Vietnam to build RM 3.8 bil plant with Chery - CKD Omada and Jaecoo BEVs planned 01]()
Vietnam’s trade ministry announced yesterday that China’s Chery has signed a joint venture agreement with Vietnamese company Geleximco to build a USD 800 million (~RM 3.8 billion) plant to manufacture electric vehicles.
The plant will be costal province of Thai Binh, and will produce battery EVs (BEVs) for Chery’s Omoda and Jaecoo brands. Phase one of the plant’s construction will be completed by Q1 2026.
The Omoda 5 EV is already on sale in neighbouring Thailand as the Omoda C5 EV. The upscale Jaecoo 6 has also been previewed there.
window.googletag = window.googletag || {cmd: []}; googletag.cmd = googletag.cmd || []; googletag.cmd.push(function() { googletag.defineSlot('/22557728108/my_article_fourthp_under_pc', [
728,
90
], 'div-gpt-ad-1685525140735-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1685525140735-0'); });
Chery is the second Chinese company to announce local manufacturing plans for Vietnam. Last year, the Vietnamese government confirmed that BYD will be building a plant in the Vietnamese province of Phu Tho, citing BYD’s chairman Wang Chuanfu, who said that he expects Vietnam to create favourable conditions for BYD to invest into the country.
Over 15 years of experience in automotive, from product planning, to market research, to print and digital media. Garages a 6-cylinder manual RWD but buses to work.
window.googletag = window.googletag || {cmd: []}; googletag.cmd = googletag.cmd || []; googletag.cmd.push(function() { googletag.defineSlot('/22557728108/my_article_relatedmodel_above_pc', [
728,
90
], 'div-gpt-ad-1685525247138-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1685525247138-0'); });
