TMT Motors recently changed its subsidiary name from TMT Electric Charging Investment and Business JSC to VN Egreen JSC just one month after establishment. VN Egreen has a capital of 100 billion VND, specializing in electric vehicle charging stations and accessories. TMT Motors, known for large trucks, is entering the electric vehicle market by distributing the Wuling Hongguang MiniEV in Vietnam, a competitor to VinFast VF3. The company aims to sell over 8,075 vehicles in 2025, with revenue reaching nearly 3,839 billion VND and pre-tax profit of about 300 billion VND. Additionally, TMT plans to invest in at least 30,000 charging stations (60,000 charging guns) by 2030, complying with European standards. They will also produce and assemble 2/3-wheeled electric vehicles, along with related accessories.
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