TMT Motors

What TMT Motors does

TMT Motors (Công ty Cổ phần Ô tô TMT) is a Vietnamese privately-held joint stock automobile company founded in 1976, operating as the exclusive authorized distributor of Wuling electric vehicles in Vietnam under a strategic partnership with SAIC-GM-Wuling (SGMW). The company serves two primary customer segments: individual urban consumers purchasing through an authorized dealer network exceeding 100 outlets, and enterprise taxi and transport operators acquired via direct field sales. Its product portfolio spans compact urban EVs (Bingo 333/Plus 333/Max 410), mini EVs (Macaron 205/300), 7-seater MPVs (Grango EV 300 and Grango EREV with 1,000km range), and forthcoming SUVs (Darion EV 450/500 and Darion PHEV), priced between 265 million and 499 million VND ($10,500-$20,000). All models use LFP battery chemistry with CCS2 European standard fast charging, IP68 water/dust protection, and proprietary Battery Management System architecture.

The company's business model combines one-time vehicle sales, professional services revenue through the Carpla Service authorized service network, and usage-based revenue from its wholly-owned charging infrastructure subsidiary TMT Egreen, which targets 2,100 charging stations in 2026 and 30,000 by 2030. Manufacturing is conducted at the Cuu Long factory in Hung Yen province, which has a design capacity of 30,000 vehicles per year. Distribution combines authorized dealers, direct enterprise sales, and an online deposit platform with a minimum 20 million VND non-refundable deposit. The company employs 11-50 staff at the corporate level, with broader operations supported through dealer, manufacturing, and service partners.

TMT's strategic positioning leverages nearly 50 years of TMT Group's automotive manufacturing experience combined with the global Wuling/SGMW brand, which sold 1.635 million vehicles globally in 2025 with NEV sales exceeding 1 million units. The integrated ecosystem — vehicle distribution plus proprietary charging infrastructure plus authorized service network — represents a vertical-integration approach uncommon among EV importers. Government regulatory tailwinds, specifically Vietnam's Decision 876/QD-TTg mandating Hanoi taxi fleet electrification by 2030, create a mandated demand pool for the enterprise sales motion. No revenue, funding, or ownership figures beyond the disclosed subsidiary structure are publicly available.

Name

TMT Motors

Legal name

Công ty Cổ phần Ô tô TMT

Website

https://wuling-ev.vn

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

11–50 employees

Short description

TMT Motors is the exclusive Vietnamese distributor of Wuling electric vehicles under its SAIC-GM-Wuling partnership, assembling EVs at a 30,000-unit factory in Hung Yen and serving individual urban consumers via 100+ dealers and enterprise taxi fleets through direct sales, while building an integrated charging network through its TMT Egreen subsidiary.

Ownership category

akta.pro rank

Product category

Electric Vehicles

NAICS

Motor Vehicle Manufacturing (3361), Automobile and Light Duty Motor Vehicle Manufacturing (33611)

SIC

Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies (5010)

akta.pro primary industry

Assembly, Conversion Kits & OEM/ODM Contract Manufacturing (IMACAOAL)

akta.pro secondary industries

EV Charging Hardware Manufacturing (AC/DC Chargers/Dispensers) (IMACACAE), Light Electric Vehicles (NEVs/LSEVs/Quadricycles) Manufacturing (IMACAOAC)

Keywords

• Electric vehicle distribution
• EV charging infrastructure
• Automotive assembly
• Passenger vehicle sales
• Automotive after-sales service

Headquarters

HQ city

Trung Tự, Hanoi

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Marketing or Sales, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Vehicle Sales: One-time sales of Wuling electric vehicles (Bingo, Macaron, Grango, Darion) through dealer network and direct sales to enterprise customers. Revenue generated from vehicle purchases at listed prices.
2. After-sales Services: Maintenance, repairs, and warranty services through authorized service centers and Carpla Service partnership. Revenue from periodic maintenance and replacement parts.
3. Charging Infrastructure (TMT Egreen): Revenue from EV charging station network operated by TMT Egreen subsidiary, serving all EV brands. Part of integrated ecosystem strategy.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

TMT Motors distributes and assembles Wuling-branded electric vehicles in Vietnam under an exclusive partnership with SAIC-GM-Wuling, offering the Bingo, Macaron, Grango, and Darion model lines in pure EV, EREV, and PHEV variants. The company sells these vehicles through an authorized dealer network and direct enterprise sales to taxi fleets, complemented by a wholly-owned charging infrastructure subsidiary (TMT Egreen), a nationwide after-sales service network via the Carpla Service partnership, and standardized warranty coverage up to 7 years/150,000km on batteries.

Product overview

TMT Motors distributes Wuling electric vehicles in Vietnam through a portfolio of urban EVs and MPVs. The product lineup includes: Bingo series (Bingo 333km, Bingo Plus 333km, Bingo Max 410km) as compact urban EVs; Mini EV Macaron (205km, 300km) as entry-level mini 5-door EVs; Grango available in pure EV (300km) and EREV (1000km range) variants as 7-seater MPVs; and Darion offered in EV (450km, 500km) and PHEV variants as larger SUVs. All vehicles support CCS2 European charging standard. The ecosystem includes the TMT-Egreen charging network with fast charging stations (7.4kW to 1040kW) planned to reach 30,000 stations by 2030.

Differentiator

Problem solved

Functional benefit

Products and services

• Wuling Bingo (333KM) Compact urban electric vehicle with 333km range per charge, featuring CCS2 European charging standard (35-minute DC fast charge from 30% to 80%), dual 10.25-inch screens, cruise control, smart key, electronic gear selector, hill hold control (HHC), ABS/EBD/ESC braking with electronic parking brake, 4 driving modes, 2 airbags, and segment-leading 395L cargo volume with 17 storage areas. Targeted at urban commuters and first-time EV buyers in Vietnam at 399,000,000 VND including VAT, one LFP battery pack, and one charger.
• Wuling Bingo Plus (333KM) Mid-tier urban electric vehicle with 333km range, featuring a segment-unique 360-degree panoramic camera system, dual 10.25-inch screens, 4 driving modes, and 4 airbags. Designed for urban commuters seeking enhanced safety and visibility. Priced at 469,000,000 VND including VAT.

Quantifiable outcome

• Energy cost savings up to 80% compared to gasoline vehicles
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• Carpla ServicecoreImplementation/ SI/ Consulting Partner · 10 December 2025Strategic service partnership signed December 10, 2025 for warranty and repair services across Vietnam. Established 70 workshops in Q1 2026, targeting 100 nationwide. Carpla provides technical training to TMT Motors technicians including VDI III diagnostic systems, high-voltage safety protocols, and standardized 23-item maintenance procedures.
• SAIC-GM-Wuling (SGMW)coreStrategic or Co-development Partner · 1 November 2025Strategic partnership for manufacturing and distributing Wuling electric vehicles in Vietnam. TMT Motors assembles Wuling EVs at Nhà máy Ô tô Cửu Long with design capacity of 30,000 vehicles/year. SGMW provides technology platform, product development, and brand授权. Wuling globally sold 1.635 million vehicles in 2025 with NEV segment exceeding 1 million units.
• TMT Egreen (Công ty CP Đầu tư và Kinh doanh Trạm sạc TMT)coreStrategic or Co-development Partner · 28 May 2025Wholly-owned subsidiary established May 28, 2025 to develop EV charging infrastructure. Target of 2,100 charging stations in 2026 and 30,000 by 2030. Open charging network serving all EV brands, not just Wuling. Charging segments for passenger vehicles (7.4kW-150kW) and heavy commercial vehicles (240kW-1040kW).
• Carpla ServicecoreImplementation/ SI/ Consulting PartnerTechnical training partner conducting specialized training programs for Wuling technicians including high-voltage system safety, VDI III diagnostic systems, and standardized maintenance procedures. Expert from Wuling Group (Khâu Gia Hạo) participated in June 2026 training at Cửu Long factory.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• GAC Aion: Chinese EV subsidiary of GAC Group selling electric sedans and SUVs across Asia. Comparable as a Chinese EV brand pursuing ASEAN market expansion with similar dealer-distribution approaches.
• VinFast: Vietnam's homegrown EV manufacturer (Vingroup-backed), selling passenger EVs and SUVs across multiple segments with its own V-Green charging network. Most direct competitor in the same Vietnamese market, but operating at vastly larger scale with its own vehicle platforms rather than licensed ones.
• Chery Vietnam (Omoda & Jaecoo): Chinese automaker distributing EVs and ICE SUVs (Omoda E5, Jaecoo models) in Vietnam through authorized dealer networks. Directly comparable as another Chinese OEM building dealer-led distribution in the Vietnamese passenger vehicle market.
• BAIC Motor: Chinese state-owned automaker with EV and SUV offerings distributed in ASEAN markets. Comparable Chinese-OEM distributed through partner networks in Vietnam and Southeast Asia.
• Geely Auto: Chinese OEM with multiple EV brands (Zeekr, Geometry, Galaxy) expanding into ASEAN markets including Vietnam. Comparable Chinese-OEM playbook targeting Vietnamese consumers with electric and electrified powertrains.
• MG Motor Vietnam: SAIC-owned brand distributing Chinese-designed EVs and ICE models in Vietnam through a similar authorized-dealer model. Shares the Chinese-OEM-into-Vietnam distribution playbook with TMT Motors and competes in adjacent compact EV price bands.

Broad incumbents

• BYD: World's largest EV manufacturer by volume with growing presence in Vietnam through dealer partnerships. A global incumbent with broad EV portfolio (Atto 3, Dolphin, Seal) competing for the same Vietnamese consumer and fleet segments as Wuling EVs.
• Tesla: Global EV leader indirectly competing in the broader Vietnamese EV market through imports and would-be showroom entry. Sets product and charging-network benchmarks that TMT's Wuling lineup is benchmarked against in urban Vietnamese consumers' minds.
• Hyundai Motor Vietnam: Major Korean automaker with established manufacturing in Vietnam (Ninh Binh) and growing EV lineup (Ioniq 5/6, Kona Electric). Competes across multiple price segments with deep local production footprint and brand recognition.

Others

• Wuling/SGMW (SAIC-GM-Wuling): Parent platform supplier for TMT Motors — TMT assembles and distributes SGMW-designed Wuling vehicles under exclusive license. Upstream relationship rather than direct competitor; relevant as it shapes TMT's product roadmap and technology access.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/WulingEVVietnam
• LinkedInlinkedin.com/company/tmt-motors

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TMT Motors