Kita Group JSC and Chery Commercial Vehicle signed their first order in Hanoi, Vietnam on June 17th.

Under the agreement, Kita Group will participate in the production and serve as the exclusive distributor of selected Chery electric commercial vehicle models in Vietnam. These vehicles will be targeted at customers in the logistics, e-commerce, delivery services, retail, and urban services sectors.

The first batch of 1,000 vehicles is expected to be introduced to the Vietnamese market by the end of 2026. Chery was China's leading automotive exporter for 23 consecutive years and received recognition for vehicle quality between 2023 and 2025.

In recent years, Vietnam's EV market has been largely driven by passenger vehicles, which have attracted considerable market attention. VinFast has emerged as the market leader, maintaining the top position for 20 consecutive months in the urban mobility and ride-hailing segments, contributing to increased competition across the industry.

Alongside the growth of passenger EVs, a new trend is emerging. The rapid expansion of e-commerce and logistics has created growth opportunities for electric commercial vehicles, attracting increasing levels of investment from businesses.

Industry experts note that electric commercial vehicles offer several advantages, including lower operating costs, improved efficiency, and alignment with sustainability and emissions-reduction objectives, all of which are becoming increasingly important within corporate strategies.

In this context, electric commercial vehicles are regarded as a promising segment within Vietnam's EV market. The initial order between Kita Group and Chery Commercial Vehicle is viewed not only as the beginning of cooperation between the two companies but also as an indication of the ongoing transition towards electric transport, creating opportunities for the commercial EV sector.

Another Vietnamese enterprise, Xuan Thien Group, has also proposed an investment project to establish an electric truck and construction machinery manufacturing plant with an initial production capacity of approximately 30,000 vehicles and machines per year.

During the initial phase, electric trucks and construction equipment will primarily serve internal demand across the group's steel complexes, mining operations, and cement plants before expanding to the domestic market and subsequently targeting export markets. The company stated that the project is being developed as the global machinery industry undergoes a transition towards clean-energy vehicles during the 2026-2030 period.