The Truong Hai Auto Corporation (THACO) inaugurated a plant manufacturing cars for luxury European brands and debuted the Peugeot Traveller model in the central province of Quang Nam on May 5.
Quang Nam (VNA) – The Truong Hai Auto Corporation(THACO) inaugurated a plant manufacturing cars for luxury European brands anddebuted the Peugeot Traveller model in the central province of Quang Nam on May5.
Built at a total cost of 4.5 trillion VND (195.6 millionUSD), the plant sits on an area of 7.5ha and has a designed capacity of 20,000units per year.
Equipped with the latest technology by PSA Group, the plantwill assemble luxury European automobiles, including Peugeot, which willundergo strict inspection via a quality monitoring system connecting directly withPeugeot in France.
On the occasion, THACO introduced the Peugeot TravellerLuxury and Traveller Premium models.
The Peugeot Traveller Luxury is a seven-seater car equippedwith modern technology meeting the European New Car Assessment Programme’sfive-starred standard. Its retail price is 1.699 billion VND (734,000 USD).
THACO General Director Pham Van Tai said the plant isexpected to help popularise the Peugeot brand in Vietnam, vowing that THACOwill work closely with PSA to increase the rate of locally-made components tobring the best quality Peugeot autos to the market at affordable prices.-VNA
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At the ceremony (Photo: VNA) 
