Vietnam's Kim Long Motor Teams Up with BYD for EV Battery Plant

Kim Long Motor, a Vietnamese automaker, has announced a collaboration with China's BYD to establish a $130 million battery manufacturing plant for commercial electric vehicles in central Vietnam. The facility will occupy 4.4 hectares and possess an annual capacity of 3 gigawatt-hours.

Vietnamese automaker Kim Long Motor revealed on Tuesday its strategic partnership with China's BYD to develop a $130 million battery plant in central Vietnam. This initiative aims to bolster the production of commercial electric vehicles.

The facility will span a 4.4-hectare area, reinforcing the region's industrial capabilities and advancing Vietnam's positioning in the electric vehicle market.

According to a statement by Kim Long Motor, the plant will boast a production capacity of 3 gigawatt-hours per year, marking a significant step in sustainable vehicle technology.

(With inputs from agencies.)