Manufacturing News 03/07/2024, 16:21

Omoda & Jaecoo joint venture shows ambition in developing automobiles in Vietnam

Recently, in a media event, Omoda revealed its plan to open 20 3S dealerships under global standards in 2024.

Omoda & Jaecoo joint venture shows ambition in developing automobiles in Vietnam

The Omoda & Jaecoo Vietnam joint venture has announced a detailed plan that outlines its initial phase (short-term plan) of developing 30 dealerships under 3S global standards by 2025 in Vietnam. Additionally, this year, its factory in Thai Binh, with a capacity of 200,000 vehicles per year, will officially go into production.

Omoda & Jaecoo Vietnam will soon distribute the Omoda C5 and JAECOO J7 in the Vietnamese market.

Omoda & Jaecoo Vietnam has also revealed its upcoming product lineup, including the Omoda C5 and the Jaecoo J7.

In the initial phase, when the factory in Thai Binh has not yet gone into production, both of these models will be imported from Indonesia by Omoda & Jaecoo Vietnam to take advantage of preferential intra-bloc import taxes (AFTA).

According to various sources, at the current time, Omoda & Jaecoo Vietnam does not have plans to bring battery electric vehicles (BEVs) to Vietnam. Instead, they will bring internal combustion engine (ICE) vehicles and aim to provide plug-in hybrid electric vehicle (PHEV) models.

Omoda & Jaecoo Vietnam is a joint venture between Geleximco Group (Vietnam) and Chery Automobile Co. Ltd. (China), with the Vietnamese partner believed to hold the majority stake. This joint venture is responsible for importing and distributing Omoda & Jaecoo vehicles and operating the factory in Thai Binh.

Tạp chí Công Thương / Translator: Hoàng Trúc
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