The first shipment of the Chinese Omoda C5 vehicles has departed from Indonesia and is en route to Việt Nam. — VNA/VNS Photo

The first shipment of the Chinese Omoda C5 vehicles has departed from Indonesia and is en route to Việt Nam, announced Omoda & Jaecoo Vietnam on Wednesday.

According to the joint venture between Vietnam’s GELEXIMCO Group and China’s Chery Group, the prices of the vehicles are expected to be revealed later this month, before its domestic assembly.

In addition to importing vehicles from Indonesia and Malaysia, Omoda & Jaecoo Vietnam is developing a production plant in the northern province of Thái Bình, which is designed to have an annual capacity of 200,000 units.

With a total investment of US$800 million, the facility is anticipated to begin operations by 2026, fostering growth in Vietnam’s automotive industry and generating significant economic benefits and job opportunities for locals.

Insiders noted that the local assembly of the Omoda C5 and other models will help reduce costs, making them more competitively priced and tailored to the needs of Vietnamese consumers.

This marks a significant milestone in the long-term strategy of the Chery-GELEXIMCO joint venture, underscoring its commitment to the Vietnamese market and the broader shift towards sustainability in the automotive industry. — VNA/VNS