TMT Automobile Joint Stock Company (TMT Motors) on Friday announced that it has signed a strategic cooperation agreement with the joint venture of General Motors (GM) and SAIC - WULING on the manufacturing, assembly and exclusive distribution of GM and SAIC - WULING electric vehicles in Viet Nam.

Under the agreement, GM and SAIC - WULING will provide components to TMT Motors to exclusively manufacture, assemble and distribute Wuling electric cars in Viet Nam.

The first model to be launched in Viet Nam will be Wuling HongGuang MiniEV - the world's best-selling mini electric car model for three consecutive years of 2020, 2021 and 2022. It is also the third largest electric car manufacturer in the world with more than 480,000 units sold in 2022.

The model will be assembled at TMT's automobile factory in Van Lam district, northern Hung Yen province, with a capacity of 30,000 vehicles per year, which will increase in the future when TMT Motors introduces other high-quality electric vehicle models.

Addressing the signing ceremony, Bui Van Huu, Chairman of TMT Motors, said that with its 47 years of experience in the automobile sector, the firm hopes to make a breakthrough with the introduction of Wuling HongGuang MiniEV - the model that will open the mini electric car segment in Viet Nam, making it easier for people to own environmentally friendly and safe vehicles. With a compact, fashionable design and flexible space with four seats, TMT Motors hopes Wuling HongGuang MiniEV will be a new choice within the reach of many Vietnamese customers.

As scheduled, TMT Motors will announce the details of the product and its price, as well as the receipt of pre-orders in the second quarter of this year. — VNS