Great Wall Motor from China to Enter Vietnam in August
Great Wall Motor, a Chinese automaker, has announced its entry into the Vietnamese market in August as part of its expansion plans in ASEAN. The company intends to launch its first vehicle, the HAVAL H6 Hybrid Electric Vehicle, in Vietnam. Initially, the cars will be imported from their existing plant in Thailand. Great Wall Motor has already established authorized cooperation agreements with Vietnamese dealers and aims to establish eight sales networks in the country this year.
By 2025, the company plans to establish an auto manufacturing plant in Vietnam. Over the past two years, Great Wall Motor has expanded to six markets in the region, including Thailand, Malaysia, Laos, Brunei, the Philippines, and Cambodia. Great Wall Motor is the fourth Chinese automaker, following BYD, Chery, and SAIC Motor, to announce plans for a factory in Vietnam.
SAIC Motor, China’s largest auto brand, is also planning to build a factory in Vietnam next year and aims to achieve annual sales of 100,000 units within five years. Additionally, SAIC Motor will start selling cars under the UK brand MG in Vietnam in July, taking over from a Malaysian distributor. Vietnam is the fourth-largest auto market in ASEAN, following Indonesia, Thailand, and Malaysia, according to the ASEAN Automotive Federation’s 2022 passenger car sales figures.