# BYD to introduce three more car models to Vietnam market
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2024-07-18
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: BYD expands electric car lineup in Vietnam
Meta Description: BYD plans to introduce three new models to Vietnamese market, with ambitious expansion goals to open 100 dealerships by 2026. Read more here.
URL: https://startupobserver.com/byd-to-introduce-three-more-car-models-to-vietnam-market/

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HANOI (Reuters) – Chinese electric carmaker BYD will introduce three more models to the Vietnamese market this October and plans to expand its dealerships to 100 in 2026, Chief Operations Officer of [BYD](https://startupobserver.com/chinas-byd-launches-third-ev-model-in-japan/) Vietnam Vo Minh Luc said on Thursday.

BYD launched its first [three](https://startupobserver.com/uk-watchdog-refers-vodafone-three-deal-to-in-depth-probe/) pure electric models in Vietnam on Thursday, its latest attempt to further penetrate in Southeast Asian markets, where governments impose fewer trade barriers and tariffs.

The Shenzhen-based carmaker is selling the Dolphin, a compact hatchback, the compact crossover Atto 3, and a midsize sedan the Seal and has started taking reservations since June.

[“Vietnam](https://startupobserver.com/standard-chartered-lowers-vietnam-2024-growth-forecast-to-6-0/) is the last market BYD sets foot in in the Asia-Pacific region and is an important market in this region,” Luc said.

“BYD will continue to introduce three other models in October,” he added.

[BYD](https://startupobserver.com/chinas-byd-launches-third-ev-model-in-japan/) will officially open 13 retail outlets in Vietnam from Saturday. The carmaker plans to expand that to 100 in 2026, Luc said.

(Reporting by Phuong Nguyen; Editing by John Mair and Christian Schmollinger)


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