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04 Apr
13:44

Chery to build $800m EV plant in Vietnam

Chinese carmaker Chery will build an $800 million electric vehicle factory in Vietnam through a joint venture with local player Geleximco, Kallanish reports. Vietnam’s trade ministry said on Thursday the joint venture contract was signed with Chery’s Omoda&Jaecoo unit targeting the production of 200,000 EVs/year. The plant will be built in the northern coastal province of Thai Binh, which the ministry described as a “strategic location.&rdqu…
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