Chinese carmaker Chery plans to set up $800 million EV factory in Vietnam
The planned EV factory in Vietnam is expected to have an annual production capacity of 200,000 vehicles; the facility will produce EVs branded under Chery's Omoda and Jaecoo marquees
Chery, a leading carmaker from Mainland China, plans to build an $800 million EV plant in Vietnam, becoming the first Chinese EV maker to set up a facility in the country, according to a news report published by Nikkei Asia on April 4.
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