According to Bangkok Post, production will begin in 2025 and initially the factory will produce cars for the domestic and ASEAN markets. Chery plans to turn Rayong into a global export base, supplying to the Indian and Middle Eastern markets.
“We plan to divide our production activities into two stages. In the first stage, starting in 2025, the annual production capacity will reach 50,000 units. This figure will increase to 80,000 units per year by 2028,” said Qi Jie, Deputy CEO of Chery International for Southeast Asia.
EV3.5 is Thailand’s electric vehicle promotion program, including subsidies, import tax reduction, and special consumption tax reduction to boost electric vehicle production and sales from 2024 to 2027. Chery’s parent company is expected to finalize investment details next month – the fund will focus on land acquisition, factory construction, and electric vehicle charging infrastructure development.
Currently, O&J’s cars will be fully imported from China, with a sales target of 6,000 units this year for the Omoda C5 EV (Chery Omoda E5 in Malaysia) and the plug-in hybrid Jaecoo 7. The company plans to establish 35 showrooms, including 20 showrooms located in the capital city of Bangkok.
In the Vietnamese market, J&O is also preparing to launch in 2024 with 3 models: Omoda C5, Omoda S5, and Jaecoo 7.
Close-up of 3 Chery car models on display in Vietnam awaiting launch
On October 25th, Geleximco Corporation, a partner of Chery (China), unexpectedly held a display of three car models – Omoda 5, Omoda S5, and Jaecoo 7 – to gauge the response of Vietnamese customers.
Omoda introduces 5 electric versions, set to launch in Vietnam this year
The Omoda 5 EV belongs to the B-segment pure electric SUV category, directly competing with the VinFast VF 6. The car is equipped with a front-mounted electric motor producing 204 horsepower and a 61 kWh battery pack, allowing for a maximum range of approximately 450 km.
Omoda’s List of Top 5 Equipped Cars in Vietnam: 150 Horsepower Engine, Expected Price Near 700 Million Dong
With modern features and attractive design, Omoda 5 is promised to be an exciting choice in the B-segment SUV/CUV market in Vietnam.
