16:14 | 29/12/2017 Car & Motor
The first batch of 55 BMW and MINI cars imported by Vietnamese automaker Truong Hai Auto Corporation (Thaco) have arrived at Ho Chi Minh City’s port.
|A car from the first Thaco-imported batch of BMW, MINI models - Photo: zing.vn|
Four months ago, the BMW Group Asia said it would wind up its contract with Sime Darby Motors, which backs Euro Auto (EAC) - the officially authorised distributor of BMW in Vietnam since 2006 - on December 31.
At the same time, it signed a letter of intent on cooperation choosing Thaco as a new dealer of BMW, MINI and BMW-Motorrad in Vietnam from January 1, 2018.
BMW is a renowned automobile-motorbike maker with three fascinating brands: BMW, MINI and Roll-Royce. It has 30 production and assembling establishments in 14 countries and its distributing system covers 140 markets worldwide.
Thaco, established in 1997, focuses on the production, assembly and distribution of commercial cars for Kia (the Republic of Korea), Mazda (Japan) and Peugeot (the EU).
Its production base covers an area of 400 hectares in Chu Lai Open Economic Zone in Quang Nam province with six automobile assembling facilities, 12 support industry plants and one Research and Development centre. Thaco has 97 showrooms and 59 distribution agents nationwide.
Thaco is currently leading car sales in Vietnam, occupying 40-42 percent of the market share during 2015-2017.