Vietnam's TMT Motors to roll out one of country's cheapest EVs at $5,650

Electric vehiclesTwo-seater targets Vietnam's crowded cities at a price comparable to a premium motorbikeThe two-seat Nano S05 is aimed at urban commuters and has a price close to that of a premium motorbike in Vietnam. (Photo from TMT Motors' website)MAI NGUYEN and YUJI NITTAAugust 20, 2026 16:09 JSTHANOI -- TMT Motors, a Vietnamese truck maker that also assembles vehicles for India's Tata Motors and China's Sinotruk, is preparing to launch a two-seat electric microcar priced at 148 million dong ($5,650), making it one of the cheapest EVs available in Vietnam.