Geely Auto Group launches new project in Vietnam

China's leading automaker Geely Auto Group and Vietnam's Tasco Joint Stock Company plan to start construction of two large-scale automobile manufacturing and assembly plants in the northern province of Thai Binh in the first half of 2025. The plant will cover an area of ​​30 hectares and have an initial production capacity of 75,000 vehicles per year, with the first batch of cars expected to roll off the production line in early 2026. The total investment in the project is US$168 million, with Tasco holding a 64% stake and Geely Auto holding a 36% stake. The first model to enter the market will be the Geely Coolray, a compact SUV that has already been popular in the Philippines and Russia.