It is expected that BYD will build an electric vehicle factory in Phu Ha industrial park, Phu Tho province, with a scale of about 100 hectares.
Information about the investment plan in Vietnam of world electric vehicle giant BYD was shared by Mr. Luong Thanh Tung, Vice Chairman of the Board of Directors of Gelex Group (GEX) during the annual meeting held this morning ( March 28).
Mr. Tung said that China’s largest electric vehicle manufacturer has decided to choose Phu Ha Industrial Park as the location to build its factory. This is an industrial park owned by Viglacera Corporation, a member enterprise of Gelex Group.
“BYD, Vigalcera and Phu Tho province have had a relatively long negotiation process. Viglacera reserved 100 hectares of commercial land to lease to BYD to build an electric vehicle factory,” Mr. Tung said. However, the start time of construction or BYD’s other investment strategies have not yet been disclosed.
Notably, Phu Ha industrial park is also where BYD is locating its tablet factory. This factory has been operating since 2022 and last year, BYD also invested nearly 184 million USD to expand.
– VinFast officially opened sales of the VF34 electric SUV in Indonesia
VinFast Auto officially opened for sale the VF e34, a C-segment electric SUV with right-hand drive version. This is the first product launched for sale by VinFast in the Indonesian market.
Marking a new milestone in its expansion strategy in key markets in Southeast Asia, VinFast officially opened sales of VF e34 from March 28 in Indonesia with a listed price without battery of 315,000,000 IDR.
VinFast VF e34 has a wheelbase of 2,611 mm, dimensions of length x width x height of 4,300 x 1,793 x 1,613 (mm) and ground clearance of 180 mm. VinFast VF e34 is equipped with an electric motor with a maximum capacity of 110 kW, maximum torque of 242 Nm and front-wheel drive system. The car uses a 42kWh battery pack, the distance traveled after a single charge is 318 km, suitable for urban travel needs.
The car model is fully equipped with advanced safety features and a series of smart, user-oriented technologies such as: remote software update support, voice control support, automatic diagnosis and warn of vehicle problems, call emergency rescue services, monitor battery charging status, vehicle operating history, warn of theft risk, remember user usage habits…
– Asian markets fluctuate according to Fed officials’ comments on interest rates
During the trading session on March 28 in Asia, stock markets had mixed movements after a statement by the US Federal Reserve (Fed) on its plan to lower interest rates.
In commodity markets, gold prices increased slightly, while oil prices increased again after two sessions of decline.
Stock investors in Asia were cautious in the March 28 session, after a Fed official mentioned the possibility of delaying the timing of interest rate cuts or reducing the number of cuts.
Japan’s Nikkei 225 index decreased 1.5%, to 40,168.07 points. In China, Hong Kong’s Hang Seng index increased 0.9%, to 16,541.42 points. The Shanghai Composite Index increased 0.6%, to 3,010.66 points.
The market’s recent recovery has begun to weaken as traders assess the outlook for monetary policy in the US, with a series of economic data and inflation exceeding forecasts raising questions about whether the Fed Will we continue with the plan to lower interest rates 3 times this year?
Statements from Fed officials over the past week have not boosted market confidence.