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BYD to introduce three more car models to Vietnam market
Global Banking & Finance Review®
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HANOI (Reuters) – Chinese electric carmaker BYD will introduce three more models to the Vietnamese market this October and plans to expand its dealerships to 100 in 2026, Chief Operations Officer of BYD Vietnam Vo Minh Luc said on Thursday.
BYD launched its first three pure electric models in Vietnam on Thursday, its latest attempt to further penetrate in Southeast Asian markets, where governments impose fewer trade barriers and tariffs.
The Shenzhen-based carmaker is selling the Dolphin, a compact hatchback, the compact crossover Atto 3, and a midsize sedan the Seal and has started taking reservations since June.
“Vietnam is the last market BYD sets foot in in the Asia-Pacific region and is an important market in this region,” Luc said.
“BYD will continue to introduce three other models in October,” he added.
BYD will officially open 13 retail outlets in Vietnam from Saturday. The carmaker plans to expand that to 100 in 2026, Luc said.
(Reporting by Phuong Nguyen; Editing by John Mair and Christian Schmollinger)
An electric vehicle (EV) is a type of vehicle that is powered by electricity instead of gasoline or diesel. EVs use electric motors and batteries to operate, making them more environmentally friendly.
A compact hatchback is a small car design that features a rear door that swings upward, providing access to the vehicle's cargo area. They are known for their practicality and fuel efficiency.
A midsize sedan is a car that offers more interior space than a compact car but is smaller than a full-size sedan. They typically provide a balance of comfort, performance, and fuel efficiency.
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