QUANG NAM (VNS)— The Truong Hai Automobile company (Thaco) will begin producing diesel engines for trucks and buses from 2015, the company said.
The company's engine manufacturing plant, whose construction commenced last year with an investment of US$185.5 million, will produce nearly 20,000 engines meeting the Euro 2 and Euro 3 Emission Standards between 2017 and 2018.
Half of these will be for sale in the domestic market.
Last year, Thaco produced 24,500 vehicles, generating total revenue of VND12 trillion ($571.4 million).
Thaco, in partnership with French automaker Peugeot, will also begin manufacturing and assembling the Peugeot 408 and 3008 models. — VNS