Great Wall Motor Expands Presence in Vietnam with Thanh An Group Partnership
Great Wall Motor and Vietnam’s Thanh An Group Corporation have recently signed a Memorandum of Understanding for CKD assembly cooperation, marking a significant step towards deeper collaboration between the two companies. This partnership aims to strengthen Great Wall Motor’s presence in the Vietnamese market through localized production, providing consumers with a broader range of vehicle options.
The strategic alliance between Great Wall Motor and Thanh An Group signifies their commitment to expanding their footprint in Vietnam. The agreement, signed in the presence of executives from both companies, outlines plans for local assembly operations in Vietnam by the end of 2025. This strategic move is expected to enhance Great Wall Motor’s competitiveness in Southeast Asia and cater to the growing demand for vehicles in Vietnam.
Great Wall Motor, a key player in the automotive industry, has established complete vehicle manufacturing bases in various regions, including Thailand and Brazil, as well as KD plants globally. Earlier this year, the company inked a CKD cooperation agreement with EP Manufacturing Berhad, marking its entry into the ASEAN region’s CKD segment.
In August, Great Wall Motor reported production and sales figures, with a total of 97,874 vehicles manufactured during the month. Passenger vehicle production saw a decline of 15.7%, totaling 84,371 units. Sales figures for August stood at 94,461 vehicles, with passenger vehicle sales decreasing by 16.9% to 80,668 units. Overseas sales reached 40,454 units in August, contributing to a cumulative total of 280,139 units from January to August. Additionally, new energy vehicle sales for August reached 24,844 units, with a cumulative total of 181,363 units for the first eight months of the year.
