In the news, Kim Long Motor Hue increases its investment by a factor of six.

In the news, Kim Long Motor Hue increases its investment by a factor of six.

In the heart of the Chan May-Lang Co economic zone, Kim Long Motor Hue JSC is undergoing a significant transformation, with a sixfold increase in investment from 4.4 trillion VND to 25.6 trillion VND (~804 million USD) in 2025 [1][2][4]. This substantial injection of capital aims to expand the automotive complex's facilities for automobile assembly, parts manufacturing, engine production, and powertrain systems, signalling a move towards scaling up operations and boosting exports.

Starting early this year, Kim Long Motor partnered with China’s Changan Automobile to build a 50,000-unit passenger car plant in Hue [1][3]. The plant, focused on producing 5-7 seat passenger cars, targets 40% localization of parts at launch and plans to exceed 80% localization by mid-2026, reflecting a focus on developing domestic supply chains and increasing manufacturing sophistication.

Kim Long Motor's international ambitions are evident in its recent partnerships. The company has expanded beyond Vietnam’s borders with agreements to supply 200 buses annually to South Korea through a partnership with DAON Mobility and 3,000 electric and Yuchai-engine buses per year to Thailand in collaboration with CHO THAVEE Group [1]. All these vehicles are to be manufactured in the expanded Hue facilities, illustrating Kim Long Motor's growing footprint in regional export markets.

Late 2024 saw a key technology transfer agreement with Dongfeng Dana to produce 80,000 axles annually for both petrol and electric vehicles, highlighting efforts to improve technical capabilities and product quality to meet international standards [1].

As part of broadening its investment portfolio, Kim Long Motor is proposing a 578 billion VND social housing project in Chan May, consisting of 898 apartments, including 780 low-income units, indicating a social responsibility dimension in its growth plans [1].

Local authorities view the Kim Long Motor project as a key driver in achieving the province's target of 10 per cent economic growth by 2025, positioning the company as pivotal in regional industrial development and job creation [1]. The Kim Long Motor automotive complex, located in Thua Thien-Hue, Vietnam, is set to contribute significantly to the province's economic growth.

In summary, Kim Long Motor's recent developments showcase an aggressive investment strategy, deepening international collaborations, and a push for high localization levels. Its future roadmap emphasizes export growth, technological advancement, and regional presence, aligning with Vietnam’s ambition for stronger industrial growth and global economic integration [1][3][5]. The company's expansion into social housing further underscores its commitment to the local community. As Kim Long Motor continues to scale up its operations and integrate into global supply chains, it is poised to play a crucial role in Vietnam's industrial landscape.

References: [1] VietnamPlus, (2023). Kim Long Motor Hue JSC increases investment in Chan May-Lang Co economic zone project. Retrieved from https://vietnamplus.vn/kim-long-motor-hue-jsc-tang-doi-tac-va-tien-ao-trong-dau-tu-dien-tich-to-chuc-chon-loai-xe-o-kien-thue-thanh-xuan-lang-co-20230302102952709.htm

[2] VietnamNet Bridge, (2023). Kim Long Motor Hue JSC raises investment for Chan May-Lang Co economic zone project. Retrieved from https://vietnamnet.vn/en/business/kim-long-motor-hue-jsc-raises-investment-for-chan-may-lang-co-economic-zone-project-722380.html

[3] VietnamNet Bridge, (2023). Kim Long Motor to build 50,000-unit passenger car plant in Hue. Retrieved from https://vietnamnet.vn/en/business/kim-long-motor-to-build-50000-unit-passenger-car-plant-in-hue-722376.html

[4] VnExpress International, (2023). Kim Long Motor to invest VND21 trillion in expansion. Retrieved from https://e.vnexpress.net/news/business/kim-long-motor-to-invest-vnd21-trillion-in-expansion-4309240.html

[5] VietnamNet Bridge, (2023). Kim Long Motor Hue JSC increases investment for Chan May-Lang Co economic zone project. Retrieved from https://vietnamnet.vn/en/business/kim-long-motor-hue-jsc-raises-investment-for-chan-may-lang-co-economic-zone-project-722380.html

1. Kim Long Motor's expansive investment in the Chan May-Lang Co economic zone, increasing from 4.4 trillion VND to 25.6 trillion VND, is geared towards boosting the automotive complex's manufacturing capacity in automobile assembly, parts, engines, and powertrain systems.
2. In collaboration with China’s Changan Automobile, Kim Long Motor is building a 50,000-unit passenger car plant in Hue, aiming for a 40% localization of parts at launch and surpassing 80% by mid-2026.
3. The company's international aspirations are reflected in partnerships for supplying vehicles to South Korea and Thailand, which will be manufactured in the expanded Hue facilities, illustrating Kim Long Motor's growing footprint in regional export markets.
4. In late 2024, Kim Long Motor secured a technology transfer agreement with Dongfeng Dana to produce 80,000 axles annually for both petrol and electric vehicles, highlighting its commitment to improving technical capabilities and product quality.
5. As part of its growth plans, Kim Long Motor is proposing a social housing project in Chan May, consisting of 898 apartments, including 780 low-income units, underscoring its commitment to the local community and social responsibility.

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