Key facts
- TMT Motors, a Vietnamese truck maker, is launching a two-seat electric microcar.
- The vehicle, named Nano S05, will be priced at 148 million dong ($5,650).
- This price point makes it one of the cheapest electric vehicles in Vietnam.
TMT Motors to launch Vietnam's cheapest EV at $5,650
IN SHORT
Vietnamese truck maker TMT Motors is set to launch the Nano S05, a two-seat electric microcar priced at $5,650. The vehicle targets urban commuters and is comparable in price to a premium motorbike.
Key Numbers
$5,650TMT Motors EV price
148 million dongTMT Motors EV price
two-seatNano S05 configuration
Who's Involved
TMT Motors
Vietnamese truck maker launching an EV
Nano S05
TMT Motors' two-seat electric microcar
Mai Nguyen
Author
Yuji Nitta
Author
↳ Why This Matters
The introduction of an affordable EV like the Nano S05 could accelerate electric vehicle adoption in Vietnam, particularly among urban commuters seeking cost-effective transportation alternatives to premium motorbikes.