The two signed a strategic cooperation agreement in Ho Chi Minh City on February 14.

Vietnam’s  Kim Long
Motor and China’s Suzhou AOJ Auto Industry Co,. Ltd  signed a strategic cooperation agreement in Ho
Chi Minh City on February 14, according to a report from the Government News.

The agreement is not only a step to expand Kim Long Motor’s
cooperation, but also carries strategic significance for the process of
elevating Vietnam’s automotive industry.

This event also marks a significant step forward in the
long-term development direction of the two companies, especially in the fields
of research and development, production, and building a commercial vehicle
supply chain, aiming to enhance the competitiveness and position of Kim Long
brand automobiles in the Vietnamese and Southeast Asian markets.

This strategic cooperation framework provides impetus for
Kim Long to accelerate its product development roadmap, perfect its production
ecosystem, and gradually participate more deeply in the regional automotive
value chain.

According to the cooperation agreement, Kim Long Motor will
leverage its strengths in domestic production capacity, distribution system,
and market expertise, while Suzhou AOJ will provide the technology platform,
product development solutions, supply chain integration, and international
implementation experience.

To realize this goal, AOJ Suzhou will provide comprehensive
support from product planning, design, technical development, supply chain
construction, testing to mass production support. The two sides will
collaborate on developing commercial vehicle lines such as buses, vans, trucks,
and the platform structure for all-aluminum passenger vehicles, creating a
foundation to accelerate product development, gradually perfect the domestic
supply chain, shorten time to market, optimize costs, and enhance investment
efficiency.

Simultaneously, the two sides will cooperate in building
supply chains, promoting the localization of components, and ensuring stable
production operations in Vietnam, while establishing a strategic coordination
mechanism for market development and product promotion.

In the long term, Kim Long Motor and AOJ Suzhou plan to
establish an AOJ Technical Center in Vietnam and eventually build a joint
Research and Development Institute to develop technology, localized products,
and technical human resources for the automotive industry. This will be a
crucial foundation for Kim Long Motor to maximize the localization rate so that
the Vietnamese automotive manufacturing industry can truly become self-reliant
in producing high-quality automobiles in Viet Nam. This is not just a strategy,
but also a consistent goal of Kim Long Motor.

Addressing the signing ceremony, a representative from AOJ
Suzhou shared, as quoted by the Government News,  “Kim Long Motor is a pioneering
enterprise in the automotive sector in Vietnam, possessing a solid foundation
and a clear development vision. We believe that this cooperation will create a
breakthrough in elevating Kim Long branded vehicles to a leading position in Vietnam
and the region. AOJ Suzhou is committed to long-term partnership, sharing
technology and resources to jointly create sustainable value and elevate the
Vietnamese automotive industry with Kim Long Motor.”

The signing of the strategic cooperation agreement between
Kim Long Motor and AOJ Suzhou not only opens up opportunities for the
development of new technologies and products, but also demonstrates Kim Long
Motor’s strong commitment to systematic investment and capacity building, for a
strong and robust automotive manufacturing industry in Viet Nam on the global
automotive manufacturing map.

VGP-Van Nguyen