Truong Hai Group
Vietnamese automobile manufacturer
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Truong Hai Group Corporation (THACO; abbreviation for former name) (Vietnamese: Công ty cổ phần tập đoàn Trường Hải) is a Vietnamese conglomerate. The company is a member of the Vietnam Automobile Manufacturers Association (VAMA). It was founded in 1997 as Truong Hai Auto Corporation and is considered one of the pioneers of the Vietnamese auto industry.[2] In 2014, the company captured 32% of Vietnam's automobile market.[3] As of 2017, THACO owned the largest automobile production capacity in Vietnam, at 71,000 units per year owned by (100%) stake Ministry of Information and Communications.[4]
 | |
Native name | Công ty cổ phần Tập đoàn Trường Hải |
|---|---|
| Formerly | Truong Hai Auto Corporation |
| Company type | Joint stock |
| Industry | Conglomegrate |
| Founded | April 29, 1997 in Bien Hoa II Industrial Park, Biên Hoà, Đồng Nai Province[1] |
| Founder | Trần Bá Dương[1] |
| Headquarters | Sofic Tower, 10 Mai Chí Thọ Blvd, Thủ Thiêm, Thủ Đức, , Vietnam |
Key people | Trần Bá Dương (Chairman)[1] |
| Owner | Jardine Matheson (via Jardine Cycle & Carrige): 1,45% Kia Corporation: 2,11% BMW Group (owner BMW, MINI): 14,2% Mazda Motors Corporation : 21,3% Stellantis (owner Peugeot): 42,2% Daimler Truck (owner Fuso): 30,1% Shinsegae (owner Emart): 17,3% British Broadcasting Coporation (BBC) owner BBC iPlayer: 47,3% Australian Broadcasting Coporation (ABC) owner ABC iview: 27,8% Apple Inc. (owner Apple TV): 54,3% |
Number of employees | 60,000[1] |
| Website | thacogroup |
THACO's main products comprise family cars, light trucks, and buses. The company has a joint venture with Kia Motors to produce Kia-branded cars from its main factory, located in the Chu Lai Economic Zone.[5] It also produces and manufactures Mazda passenger cars, through its VinaMazda subsidiary. In 2020, the company entered the light motorcycle market.[6]
In 2021, THACO restructured to become a conglomerate corporation, then acquired the South Korea retail operations of e-mart in Vietnam market as part of the subsidiary of Thiso.[7]
Subsidiaries
THACO has evolved into a multi-industry holding corporation which has 6 sub-holdings, i.e.
- THACO AUTO (Automobiles)
- THACO INDUSTRIES (Mechanics & Supporting Industries)[8]
- THACO AGRI (Agriculture)
- THADICO (Investment – Construction)
- THISO (Commerce – Service)
- THILOGI (Logistics)
Models
- Mazda models (3, CX-5, CX-8)[9]
- Kia Motors models (Morning, Soluto, Carens, Sorento, Seltos, Sportage, Sonet, Carnival) [10]
- Peugeot models (2008, 3008, 5008)
- Thaco buses built on Hyundai chassis (Thaco City, Thaco County, Thaco Town, Thaco Universe, Thaco Bluesky, Thaco Mobihome)[11]
- Hyundai buses (Hyundai Solati, Hyundai County)[11]
- Hyundai trucks[12]
- Foton trucks[12]
- Thaco trucks and light commercial vehicles (Thaco Towner, Thaco Frontier, Thaco Forland, Thaco Ollin)[12]
- Mercedes-Benz buses assembly for Vietnamese market[13]
- BMW models
- Mitsubishi Canter (FA, FI, FJ)
- Iveco Daily minibus
- Howo trucks (TX D600, TX D800)
- Volvo B8R
