Chinese BYD electric cars officially roll out in Vietnam

Chinese electric vehicle (EV) maker BYD on Thursday officially launched three key EV models in Vietnam, with a top price of up to VND1.36 billion ($53,720).

The Dolphin hatchback is priced at VND659 million ($26,030), the Atto3 Dynamic SUV at VND786 million, and the Premium VND886 million.

Notably, the BYD Seal sedan is priced at VND1.12 billion ($44,240) for the advanced version and VND1.36 billion ($53,720) for the performance version.

Speaking at the launch, Liu Xueliang, general manager of BYD Asia-Pacific's auto sales division, said that the company’s strategy is to "accompany other businesses in Vietnam to develop an environmentally friendly new-energy vehicle industry, thereby creating positive changes for the community, towards a better life".

BYD will focus on developing key strategies to contribute to diversifying green transportation and clean energy solutions, aiming for a sustainable future, he noted.

The company plans to open 10 showrooms in Hanoi, Ho Chi Minh City, Binh Duong, Ba Ria-Vung Tau, Thanh Hoa, Quang Ninh, and Bac Giang provinces in July, Liu Xueliang said, adding that the figure will increase to 100 nationwide within three years.

Vo Minh Luc, CEO of BYD Auto Vietnam, said that the company has no plans to build charging station infrastructure but will implement effective replacement plans to bring convenience and peace of mind to customers when driving anywhere.

"BYD always welcomes opportunities to cooperate with businesses in the same industry and partners in building charging stations. In the near future, it will join hands with major charging station partners, which means in addition to the home charging solution that BYD provides, customers can charge their vehicles at public charging stations or at BYD's dealer systems nationwide," Luc said.

According to Luc, customers who order BYD Seal, BYD Dolphin and BYD Atto 3 will immediately receive a genuine BYD gift set, including one portable charging device, one 1kW wall charger with free installation, and one power converter.

"BYD applies a warranty policy of up to six years or 150,000 km for the entire vehicle, and eight years or 160,000 km for the battery. This is one of the most attractive post-sales offers from a car company, bringing vehicle operating costs to the lowest possible," he said.

To help customers easily access its products, BYD has collaborated with three large banks, namely BIDV, VPBank, and VietinBank, to carry out loan support programmes of up to 85% of the vehicle value with preferential interest rates.

It has also shaken hands with reputable insurance partners to bring exclusive incentives, helping BYD car owners feel secure when driving their vehicles, Luc added.

Latest data shows that in the first five months of 2024, BYD took the lead in the number of new energy vehicles sold globally with 1,191,478, continuously breaking sales records. In June 2024 alone, it sold 341,658 vehicles, or an average of 11,000 vehicles per day.