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In the first half of the year 6,787 C-segment sedans, as medium-sized passenger cars are categorized, were sold, a year-on-year decrease of 59.5%. The Mazda3 and Kia K3 assembled and distributed by Thaco accounted for 3,983 of them.The former was the…
VinFast, the subsidiary automaker of Vietnamese conglomerate Vingroup, has announced it will hold a groundbreaking ceremony of its electric vehicle (EV) factory in North Carolina, the U.S., on July 28. This will be the first EV manufacturing facility in the…
Volvo Cars has announced a significant surge in sales for the month of June. The company reported selling a total of 66,379 cars worldwide, marking a 33% increase compared to the same period last year. A major contributor to this is the demand for Volvo’s…
Chinese manufacturer Wuling has introduced the cheapest electric vehicle models in Vietnam. The newly-launched mini electric vehicle models were launched Thursday for prices starting at VND239 million ($10,139). The Wuling Hongguang Mini EV, which is…
Vietnam has cut car registration fees in half for locally-made or assembled cars as authorities hope against hope that the move will boost sales. The 6-month cut takes effect July 1 and the fees will return to normal starting Jan. 1, according to a government…
The average age of automobiles in Vietnam is 5.7 years, or near a major maintenance milestone and requiring many replacement parts, according to experts. Passenger cars usually have a warranty period of three to five years, and need a major overhaul after six…
Honda Motor has initiated a recall of approximately 1.2 million vehicles in the United States after a potential problem was identified with the rearview camera image, as confirmed by the National Highway Traffic Safety Administration (NHTSA) on Friday. The…
Tata Motors is placing a significant emphasis on the electric vehicle (EV) sector with a series of product launches in a bid to substantially increase its market share by 2030. According to the company’s recently published annual report for the fiscal year…
Prime Minister Pham Minh Chinh has asked the Ministry of Finance to halve registration fees for locally-made or assembled automobiles starting July 1. A draft decree on the issue should be submitted to the Government for approval before June 15, he said. The…
Ample, electric vehicle (EV) charging solutions provider has introduced a technology known as modular battery swapping. This innovative approach aims to revolutionise the way EVs are charged by delivering a 100 per cent charge in under five minutes. Unlike…
Gasoline and diesel prices on Monday gained for the first time since April 11. The popular gasoline RON95 went up 2.33% to VND21,490 per liter. Biofuel E5 RON92 rose 1.74% to VND20,480. Diesel increased by 1.70% to VND17,950. Fuel prices globally have been…
Luxury carmaker Bentley is recalling its Continental GT First Edition W12 and W12 cars in Vietnam to fix a faulty water pump that poses a threat of fire. Due to a design defect, the water pump could create a vacuum within the electrical area of the pump and…
Mercedes has been dominating Vietnam’s luxury car market in recent years, but that could start to change this year as BMW lowers prices. “We have always considered BMW a major competitor in most markets globally, but things are different in Vietnam,” said CEO…
A slump in auto sales last quarter pushed Vietnam from fourth to fifth place in Southeast Asia. Vietnam has for years been the fourth largest auto market in the region after Indonesia, Thailand and Malaysia, but suffered a 25% drop in sales in the first three…
Mercedes distributor Haxaco reported a 92% year-on-year fall in pre-tax profits in the first quarter to VND5.6 billion ($238,750). Amid an industry-wide decline in sales, Haxaco’s revenues plummeted by 40% to VND992 billion. High-interest rates and the…
BMW introduced the smartphone as a digital vehicle key in 2018 and since then the company has been pressing ahead with the development and popularisation of its BMW Digital Key feature. The feature was made available to iPhone users in January 2021, and BMW…
