Thai Hung Corporation in Thai Binh Province, northern Vietnam on Wednesday inked a cooperation agreement with German firm Roding Mobility to research and manufacture mini electric vehicles (EVs) in the Southeast Asian country.

Roding Mobility will provide technical consultancy, supervise the product research and development process, including designing, piloting, and manufacturing products, and transfer technology to Thai Hung.

The Vietnamese company will manufacture mini EVs, distribute them to the Vietnamese market, and export the products to other markets.

Thai Hung’s auto factory is scheduled to begin operations in the last quarter of this year and launch its products next year.

The two sides will develop mini cars which meet European standards. Thai Hung expects to manufacture 6,000 city cars in the first three years of the project

The company will later develop two more EV models.

In total, Thai Hung will launch three EV models under its own brand.

Last year, Thai Hung began importing Wuling HongGuang Mini EVs from China for research purposes.

TMT Motors, a Vietnamese auto firm, began manufacturing Wuling HongGuang Mini EVs in Vietnam this week and has plans to begin distribution in September or October this year.

Thai Hung was established in 2006 and restructured to become an EV startup in 2020 through its electro-mechanical manufacturing factory project.

The Thai Binh People’s Committee approved the project, which aims to assemble and manufacture two- and three-wheel EVs as well as electric cars, on January 8, 2020, before adjusting it on December 30, 2022.

The factory has a capacity of 15,000 vehicles per year, including 5,000 electric cars.

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