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.
Automobile stocks are expected to lure more investment thanks to the growth of market consumption, forecast to reach over 500,000 vehicles per year from 2021.
A Vietnamese auto company''s plan to assemble and sell the world''s
cheapest car in Viet Nam has been met with skepticism as the market
seems lukewarm to cheap cars.