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Geely to build an assembly plant in Vietnam

Teslarati

Geely Auto plans to build an assembly plant in Vietnam. The Chinese automaker plans to expand production in Vietnam through its investment. The Chinese automaker announced it is forming a joint venture with Vietnam’s Tasco Joint Stock Company. It will also expand its local supply chain in Vietnam.

Vietnam 95
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BYD sets lower sales growth & warns of looming price war

Teslarati

The Chinese automaker estimates account for some challenges BYD expects this year. A 20% increase will not be easy to achieve, given the current weak market sentiment,” said Zhao Zhen, a sales director at Wan Zhuo Auto—a car dealer in Shanghai. In the first two months of 2024, BYD delivered 325,706 cars, up 2.9% year-over-year.

BYD 115
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Asian EV Manufacturers You Should Know

Clean Fleet Report

BYD Auto BYD Auto is currently the top-selling EV manufacturer in the world, having overtaken Tesla in late 2023. VinFast VinFast is a Vietnam-based company that was established in 2017 by Vingroup. Zhidou Zhidou is a Chinese manufacturer of electric microcars. The VinFast VF 8–now on sale in the U.S.

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Chevrolet to Cruze into Vietnam

Green Cars News

Having established itself as one of the biggest hitters in the Chinese market, General Motors continues to make in-roads into developing countries.

Vietnam 36
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VinFast launches its cheapest VF3 EV overseas to take on low-cost Chinese EV makers

Baua Electric

Within 66 hours, VinFast secured 27,649 pre-orders , a new record in Vietnam. The company said its mini electric SUV became a “social media phenomenon” in Vietnam, topping trend rankings with the most online discussions. BYD Atto 3 (Source: BYD) Can VinFast’s VF 3 compete overseas with BYD and other Chinese EV makers?

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China become the sector’s biggest car exporter in Q1 2023, surpassing Japan

Baua Electric

Tesla China, SAIC, Chery, Geely, Stunning Wall Motors, Changan, and BYD are a number of the largest participants to Chinese language car exports. These days, SAIC is the biggest Chinese language car exporter with its MG emblem contributing essentially the most to this stellar efficiency. 37 million automobiles.

Japan 52
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Arm Welders is diversifying to grow | Autocar Professional

Baua Electric

Global expansion: Springboard Vietnam While Arm Welders’ current exports are negligible, the management has ambitious plans to increase it to 20-25% of revenue within the next few years. This international push hinges on a strategic foray into Vietnam, spearheaded by an order from Skoda.

Vietnam 52