CTCP Ô tô TMT (TMT Motors), a well-known automotive company in Vietnam, has recently rebranded its subsidiary, showcasing its commitment to the electric vehicle (EV) industry. The company, formerly known as TMT Electric Vehicle Charging Station Investment and Business Joint Stock Company, has been renamed VN Egreen Joint Stock Company. This move comes just a month after the establishment of the charging station company, with Mr. Bui Van Huu at the helm as Chairman of the Board of both TMT Motors and VN Egreen.
VN Egreen has a chartered capital of VND 100 billion and focuses on EV charging stations, electric batteries, three-wheeled electric vehicles, and electric vehicle parts. This strategic shift highlights TMT Motors’ ambition to make a significant impact in the EV market.
TMT Motors, with its roots in commercial vehicle production and trading, has built a strong reputation for its heavy-load trucks, including the renowned Cuu Long, Tata, Howo, and Sinotruk brands. Now, the company is making waves in the EV space by manufacturing, assembling, and distributing the popular Chinese electric car, Wuling Hongguang MiniEV, in Vietnam. These compact electric cars are set to compete directly with VinFast VF3, the brainchild of billionaire Pham Nhat Vuong.
TMT Motors’ and VinFast’s Ambitious Sales Targets for 2025 and Charging Station Goals for 2030
Image: AI-generated by VCCorp.
For the year 2025, TMT Motors has set an impressive sales target of over 8,075 vehicles, with light trucks (3,456 units) and electric vehicles (3,404 units) as their key products. The company aims to achieve a revenue of nearly VND 3,839 billion (excluding VAT) and a pre-tax profit of approximately VND 300 billion.
Notably, TMT Motors has also announced its plan to invest in a minimum of 30,000 charging stations (equivalent to 60,000 charging points) by 2030. These stations will adhere to European standards (CCS2) and other practical requirements, with a power output of 7kW or higher.
In addition to its focus on EV charging infrastructure, the company also intends to manufacture, assemble, and trade two-wheeled and three-wheeled electric passenger and cargo vehicles. They will also be engaged in the business of parts and accessories for three-wheeled electric cars and two-wheeled electric motorcycles.
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The charging stations will offer a power output ranging from 7.4kW to a rapid 150kW, providing a comprehensive network of charging options across the country.
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