Hanoi (VNA) - The Truong Hai Automobile Corporation(Thaco) has set a goal of selling 58,384 cars in 2017, accounting for 27percent of the auto market share.
The number includes 28,016 units of Kia, 29,818 units of Mazda and 550 units ofPeugeot.
Meanwhile, the firm hopes to sell 53,636 trucks and buses, up 14 percent against2016, and marking up 45 percent of the market share. The figures were approved at the recent meeting of thefirm’s shareholders.
Apart from commencing the construction of a factory manufacturingMazda-brand touring cars with a capacity of 100,000 units per year, Thaco hasalso introduced the commercial minibus Huyndai Solati to the market.
The firm is implementing a project to develop new products, which will meet emission standard EU IV.
Last year, Thaco sold 110,548 vehicles, up 37 percent against2015, accounting for 41.5 percent of the Vietnam Automobile Manufacturers’Association (VAMA) members’ sales.
It also led the market in the year as with 32 percent of the share.
Thaco has assembled and distributedthree brands: Kia of the Republic of Korea, Mazda of Japan and Peugeot ofFrance, with Kia being the best seller in recent years.-VNA
Truong Hai Automobile Company (Thaco) rolled out the locally assembled Kia Sedona minivan at Chu Lai-Truong Hai Complex in the central coastal province of Quang Nam on October 29.
Truong Hai Auto Corporation (Thaco) plans to inject more than 2.1 trillion VND (94.5 million USD) into a project to produce buses with European emission standards.
The Truong Hai Automobiles Joint Stock Company (THACO) will partner with the LS Mtron Corporation from the Republic of Korea to manufacture and distribute agricultural machines on the Vietnamese market.
The Republic of Korea's Hyundai Motors and local Truong Hai Automobile Company (Thaco) have launched a mini bus manufacturing project with the total capacity of 10,000 units per year.
Truong Hai Auto Corporation (Thaco) will pour nearly 3 billion USD into the Chu Lai Open Economic Zone in the central province of Quang Nam in the 2017-2021 period, lifting its total investment in the zone to 6 billion USD.
Truong Hai Auto Corporation (Thaco) posted a record revenue of 65.8 trillion VND (3 billion USD) in 2016, a growth of 44 percent against the previous year.
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Illustrative image (Source: Internet) 
