From：Internet Info Agency 2026-01-29 08:56:00
On January 27, Vietnam’s Kim Long Motor signed a strategic cooperation agreement with BYD and held a groundbreaking ceremony for their joint venture electric vehicle (EV) battery plant. The project entails a total investment of $130 million and will be developed in two phases: Phase I will cover 4.4 hectares with an annual capacity of 3 GWh, focusing on batteries for electric trucks, buses, and light commercial vehicles; Phase II will add 10 hectares of land, doubling total capacity to 6 GWh while expanding into R&D and pilot production of passenger car batteries, targeting both export markets and local supply chain integration. Kim Long is currently developing Southeast Asia’s first 34-seat fully electric sleeper coach based on BYD’s technology, which will be launched under the “Made in Vietnam” brand into the mid-to-high-end passenger transport market. The factory is located within Kim Long’s own industrial park in Thua Thien Hue Province, aiming to achieve a localization rate exceeding 80% by Q2 2026—supporting Vietnam’s ambition to build a new energy vehicle manufacturing cluster and integrate into the global supply chain. Specific details regarding the start of production and BYD’s operational involvement have not yet been disclosed.
Official Spy Shots of Land Rover Range Rover GT Reveal New Large Luxury Grand Tourer
Volkswagen CEO Urges EU to Impose Tariffs on Chinese Plug-in Hybrid Cars
Zeekr Owner's Cross-Border Drive Triggers In-Car Security Lockdown, Smart Features Restricted
Rapid EV Turnover in China Drives Down Resale Values, Sparking Industry Concerns
XPeng Recalls Over 33,000 X9s Over Front Air Spring Slow Leak Risk
Mitsubishi Motors to Invest $475 Million to Expand Hybrid Vehicle Production in Thailand
