The world’s best-selling small electric car is about to be assembled and launched in Vietnam, the price is difficult under 200 million

On February 18, TMT Motors and the joint venture GM-SAIC-Wuling signed a strategic cooperation agreement, in which the joint venture GM-SAIC-Wuling agreed to supply components, authorizing TMT Motors to exclusively manufacture and install assemble and distribute Wuling brand electric cars in Vietnam.

The first product deployed and launched in Vietnam is the Wuling HongGuang MiniEV – the world’s best-selling mini electric car model for 3 consecutive years 2020, 2021 and 2022, according to statistics from JATO Dynamics, a company specializing in research and development. Global automotive industry research and analysis.

Vehicles will be assembled at TMT’s car factory in Van Lam district, Hung Yen, with a capacity of 30,000 vehicles/year and may increase in the future, when TMT Motors is also researching and considering introducing more new products. other electric car models, according to the strategic cooperation roadmap with the joint venture GM-SAIC-Wuling.

Specific product information, price and time to receive orders Wuling HongGuang MiniEV in Vietnam is expected to be announced by TMT Motors in the second quarter of 2023.

Previously, Wuling Hongguang MiniEV was also brought back by a mechanical company in Thai Binh in the form of temporary import for re-export, for research purposes. This model has a compact size, length x width x height 2,920 x 1,493 x 1,621 (mm), 1,940mm wheelbase. Wheel size 12 inch. The design of the Hongguang Mini EV learns a lot from the Japanese K-Car series to optimize space. The car weighs only 665-700 kg, depending on the version.

The car is equipped with an electric motor with a capacity of 26.8 horsepower and 85 Nm of torque. The car has no gearbox, rear-wheel drive and has a maximum speed of 100 km / h. The charging port is located after the logo on the front of the car. In China, the car has 2 battery versions. A 9.2 kWh battery version, for a maximum range of 120 km, 20-100% charging time is 6.5 hours. A 13.4 kWh battery version, for a maximum range of 170 km, 20-100% charging time is 9 hours.

With the above parameters, the car is suitable for urban areas like Hanoi or Ho Chi Minh City, not aimed at customers who often travel long distances. In China, Wuling Hongguang MiniEV is priced at 32,800-44,800 yuan, equivalent to 115-155 million dong, excluding tax. This price is cheap because the Chinese government has a program to support people to buy electric cars and car manufacturers are also assigned the quota to produce electric vehicles to get the production quota of internal combustion engine vehicles.

In the Vietnamese market, Wuling Hongguang MiniEV has no direct competitor and is definitely positioned below the segment of VinFast VF 5 Plus. The selling price of the Chinese model is hardly less than 200 million VND.