Seeking a launching pad for your investment in Vietnam's electric vehicle market? [Yahoo! Finance]
GREAT WALL MOTOR CO ADR (GWLLY)
NASDAQ:AMEX Investor Relations:
gwm-global.com/investor-relations/announcement.html
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Source: Yahoo! Finance
unique position to leapfrog internal combustion engines and jump straight into the widespread adoption of electric vehicles, and this has not been unnoticed by investors. In recent years, car ownership has expanded rapidly; notwithstanding a temporary dip in sales, the long-term outlook appears strong thanks to the nation's growing economy, rapid urbanisation and burgeoning middle-class demographic. Adding to this dynamic landscape is the influence of electrification and digitalisation, which started to gain more attention locally with the arrival of VinFast to the scene. While VinFast dominates domestic electric vehicle sales, other brands such as BMW, BYD, Great Wall Motor, Mercedes-Benz, TMT Motors, are also making headway by introducing their new energy vehicles to Vietnam . These new entrants are shaping a more competitive landscape and amplifying the need of an ecosystem catered to electric vehicles in order to achieve a 25.8 percent CAGR over a 2023 to 2032 forecast period.
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