The factory's products not only meet the company's production needs and serve the domestic market but also aim for export.
Recently, Kim Long Motor Hue Joint Stock Company and YuChai Joint Stock Company (China) officially signed a comprehensive strategic cooperation agreement for engine manufacturing and production in Vietnam.
Kim Long Motor and YuChai held a groundbreaking ceremony for the construction of the Kim Long Motor engine manufacturing plant, located in the Kim Long Motor Hue Automotive Manufacturing and Assembly Industrial Park, within the Chan May–Lang Co Economic Zone.
This is the first time Vietnam has been transferred leading-edge technology to produce modern automobile engines and engines for other industries independently.
The Kim Long Hue engine manufacturing plant has a total investment of 260 million USD, divided into two phases. Phase 1 focuses on producing and manufacturing engines for the automotive industry, which is expected to be operational by early Q2 2025, with an automation level of up to 90%.
Once operational, the Kim Long Motor engine manufacturing plant, along with the large-scale stamping factory and Kim Long Motor’s supporting technology factories, is expected to create a technological breakthrough in production, enhance the scientific and technological content, and, most importantly, enable mastery of automotive manufacturing technology in Vietnam.
The leadership of Kim Long Motor Hue shared: 'We are very proud that modern cars made in Vietnam under the Kim Long brand will be driving on roads across the country and in many places around the world.
Kim Long Motor Hue Joint Stock Company was established in 2018 with an initial charter capital of 500 billion VND. The three main shareholders of Kim Long Motor include Kim Long Nam Joint Stock Company, contributing 450 billion VND (equivalent to 90% of the capital), along with two individuals, Nguyễn Hải Đăng and Nguyễn Trí Dũng, each owning 25 billion VND (5% stake each). By 2020, the company had increased its charter capital to 680 billion VND.
This enterprise offers a full range of commercial and passenger vehicles from various brands. The company has developed a nationwide automotive distribution system, adhering to the standards of each brand to meet the diverse needs of customers. It is also the investor of the Kim Long Motor Hue Automotive Manufacturing and Assembly Industrial Park project in the Chan May–Lang Co Economic Zone, Thua Thien Hue Province.
