Information about BYD – the world’s second-largest electric car manufacturer – planning to sell cars in Vietnam starting from 2023 has been announced. The timeframe for when BYD cars are expected to be sold in Vietnam has now been revealed.
Accordingly, BYD will open an official dealership in Hanoi in early May 2024. In the initial stage, BYD will distribute 2 car models in Vietnam, but the identities have not been disclosed. It is known that these 2 car models will be sedan and SUV types.
BYD cars sold in Vietnam will be imported as whole units from China. In the future, BYD cars in Vietnam may be imported from factories in the Southeast Asian region to enjoy the 0% tax incentive. Currently, BYD is investing $504 million to build an automobile manufacturing plant in Thailand, which is expected to be operational from 2024. In addition, BYD also plans to build another plant in Indonesia.
The SUV model that BYD is preparing to sell in Vietnam is very likely to be the Atto 3 electric car. This model is currently being sold in many other Southeast Asian markets such as Thailand, Malaysia, and Indonesia. In Thailand, the BYD Atto 3 is the best-selling electric car in 2023 with a cumulative sales of 19,241 units, accounting for 25.18% market share. This model has a price range of 1,099,900 – 1,199,000 Baht (approximately 747 – 815 million VND). If it is sold in Vietnam, the BYD Atto 3 will be a competitive rival to VinFast VF6.
Established in 2003, BYD is a Chinese car manufacturer backed by American billionaire Warren Buffett. In 2023, BYD is the largest electric car manufacturer in China and the world’s second-largest, only behind Tesla. Specifically, in the past year, BYD has sold a total of 1,574,822 electric cars worldwide.
BYD’s sales mainly come from the Chinese market. However, the Chinese car manufacturer is currently making efforts to expand to international markets such as Japan, Europe, and Asia. In Southeast Asia, BYD is already present in several markets such as Thailand, Malaysia, Philippines, and Indonesia.
BYD’s presence will make the Vietnamese auto market in general, and the electric car segment in particular, more vibrant. This will be the next Chinese automobile brand to enter the Vietnamese market, following MG, Hongqi, Lynk&Co, Haval, and Haima.
“Chaotic” Car Dash Cam: Unleash the Power of Safety Recording
“Wow, this is the phrase that many people exclaim after doing their research. Which is the best dash cam? Are cheap dash cams truly “cheap”? How much should one spend on a dash cam that is suitable? These are common questions when someone begins to explore and select this device.”
[CAR REVIEW] The Newly Launched BMW iX3 in Vietnam: Compact, Practical, and Expensive
As the second electric car introduced by BMW, the iX3 caters well to everyday urban usage needs. However, it will still take time to reach customers.
[QUICK REVIEW] VinFast VF5: Extremely Affordable, Spacious, and Well-Equipped
Priced at just 458 million VND and accompanied by a range of benefits, the VinFast VF5 offers easy accessibility to consumers, rivaling the current A-class models on the market. However, its features and interior space exceed expectations.
[CAR REVIEW] User Reviews of VinFast VF 9: Stylish, Luxurious, Smooth Ride, and Perfect for Families
When it comes to the VinFast VF 9, users see it as a spacious, modern family car that offers a friendly user experience. However, for the driver, there are a few areas that could use some improvement, although the overall driving experience is still emotionally enriching.
Which 7-seater SUV to choose within the budget of 1 billion VND?
In recent times, the 7-seater SUV market in Vietnam has been booming. This segment has caught the attention of Vietnamese customers due to its practicality and high safety standards. Below are some examples of 7-seater SUVs within the price range of 1 billion VND that are “worth every penny.”
