The Truong Hai Auto Corporation (THACO) on May 5 inaugurated a plant manufacturing cars for luxury European brands in the central province of Quang Nam.
With a total cost of VND 4.5 trillion VND (US$195.6 million), the plant covers an area of 7.5ha and has a designed capacity of 20,000 units per year.
Equipped with the latest technology by PSA Group, the plant will assemble luxury European automobiles, including Peugeot, which will undergo strict inspection via a quality monitoring system connecting directly with Peugeot in France.
On the occasion, THACO introduced the Peugeot Traveller Luxury and Traveller Premium models.
The Peugeot Traveller Luxury is a seven-seater car equipped with modern technology meeting the European New Car Assessment Programme’s five-starred standard. Its retail price is 1.699 billion VND (734,000 USD).
THACO General Director Pham Van Tai said the plant is expected to help popularise the Peugeot brand in Vietnam, vowing that THACO will work closely with PSA to increase the rate of locally-made components to bring the best quality Peugeot autos to the market at affordable prices.
By Linh Bui