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Vietnamese automaker Kim Long Motor announced that it is partnering with China’s BYD to develop a $130 million plant in central Vietnam to produce batteries for commercial electric vehicles. Under the agreement, Kim Long Motor will fund the construction of the facility, while BYD will provide comprehensive technical and technological support.
The plant will be built on a 4.4-hectare plot and is expected to have an initial production capacity of 3 gigawatt-hours (GWh) per year. Operations are expected to begin soon, although the company did not provide an exact timeline.
In its second phase, the facility will expand to 10 hectares and double its production capacity to 6 GWh per year, while also introducing battery production for electric passenger cars.
The plant will produce batteries for commercial vehicles, including buses, trucks, and minibuses. Vietnam’s electric vehicle market is rapidly growing, led by domestic automaker VinFast, which recently entered the commercial vehicle segment with the launch of its EC Van, an electric cargo van designed to support sustainable urban freight transport.
