Cambodia-made car causes shocks to Vietnam’s auto industry
Heng, a Cambodian development company, has made a big surprise when introducing its self-modified electric car. The car, named Angkor EV 2014, is created by a local designer, manufactured by Heng Company which has set up a $20 million factory in Kandal province. The car, operated by smart phone and RFID (radio frequency identification), installed with GPS system, can roll on at the speed of 60 kilometers per hour at maximum. Heng Development Company has affirmed that the car would be priced at no more than $10,000 when it is marketed. The great achievement of Cambodia, the country with a fledgling manufacturing industry which has been relying on foreign imports, has surprised many other countries, including Vietnam. … Vietnamese auto forums’ members have commented that Vietnam should feel ashamed when seeing Cambodia making its electric cars. …
Vietnamnet News Staff
http://english.vietnamnet.vn/fms/business/96716/cambodia-made-car-causes-shocks-to-vietnam-s-auto-industry.html
