Hyundai Thanh Cong Vietnam, a joint venture between South Korea’s Hyundai Motor and Vietnam’s TC Group, unveiled its IONIQ 5 electric vehicle (EV) on Sunday.
Hyundai Motor and its sister automaker Kia are looking to build on their leading positions in Vietnam, and Hyundai Motor Group executive chairman Chung Euisun will accompany Korean President Yoon Suk Yeol on his three-day state visit starting Thursday.
In late November, a vessel carrying 999 Vietnamese electronic vehicles manufactured by VinFast left Vietnam, starting the journey from Dinh Vu Seaport in Hai Phong to the US.