The BYD battery manufacturing plant project has a total investment of $130 million.

A groundbreaking
ceremony for the BYD battery manufacturing plant in central Vietnam’s Hue city
was held on January 27.

The new energy battery plant, with a total investment capital
of $130 million,  is built at KIM LONG
MOTOR Automotive Manufacturing and Assembly Industrial Park in the central
city.

China’s BYD will provide its new plant in Hue with
comprehensive technical and technological support and transfer.

The plant will produce battery lines for trucks, buses,
minivans, minibuses, and other vehicles for the Vietnamese market, and for export
to other countries.

KIM LONG MOTOR will apply modern battery technology from BYD
Group for its 34-seat EV sleeper bus model. This is the first new-energy
interprovincial sleeper bus serving the Vietnamese and Southeast Asian markets,
marking an important breakthrough in promoting the development of green and
sustainable transportation in the central region and in Vietnam as a whole.

In the first phase, a  4.4-hectare roofed factory area is designed to
become one of the leading electric vehicle battery manufacturing plants, with a
capacity of 3 GWh per year and high technology—not only in Vietnam but also
across Asia.

In the second phase, Kim Long MOTOR will develop battery
lines for passenger cars, with a roofed factory area of 10 hectares, raising
the total capacity to 6 GWh per year.

Once completed and put into operation, the BYD battery
manufacturing plant will help the company realize its goal of achieving a localization
rate of over 80% by the second quarter of 2026, and gradually form a
regional-scale battery and electric vehicle manufacturing hub, according to Mr.
Dao Viet Anh, General Director of KIM LONG MOTOR.

vneconomy-Nguyen Thuan