Chinese automaker Chery will open its largest factory in Southeast Asia in Vietnam next year, with a total investment of up to $800 million at full capacity of 200,000 cars annually.
Chery’s overseas brand Omoda & Jaecoo will launch 16 new models in Vietnam [in 2026], ranging from vehicles running solely on gasoline to hybrid cars and EVs, targeting a minimum of 10,000 units sold. The aim is to increase sales over the years as Chery starts production at a local factory in northern Hung Yen province, an emerging hotspot for foreign direct investment, from mid-2026.
Its dealership network will nearly double in 2026 to 75, from 40 this year, said Nguyen Dang Quang, deputy general director of sales at Omoda & Jaecoo Vietnam, in the same interview.
The Chinese company will also develop charging stations across the country, piggybacking on its Vietnamese partner Geleximco’s ecosystem at bank branches, residential and office buildings, hotels and golf courses, Quang said.