Vietnam's auto manufacturer to establish $130 million EV battery plant with China's BYD

Reuters

Tue, January 27, 2026 astatine 1:32 AM CST 1 min read

HANOI, Jan 27 (Reuters) - Vietnam car shaper Kim Long Motor said connected Tuesday that it ​was partnering with China's BYD to make ‌a $130 cardinal works to nutrient batteries for commercialized electrical vehicles ‌in cardinal Vietnam.

Under the agreement, Kim Long Motor volition money the operation of the facility, portion BYD volition supply broad method and technological support, the ⁠company said successful ‌a statement.

The works volition beryllium connected a 4.4 hectare crippled of onshore and ‍will person a capableness of 3 gigawatt-hours per year, Kim Long Motor said successful a statement.

The institution stated that ​operations are expected to commence soon, but ‌it did not springiness an nonstop timeline.

In its 2nd phase, the installation volition grow to 10 hectares and treble its accumulation capableness to 6 GWh per year. The enlargement volition besides present artillery ⁠production for electrical rider cars.

The ​plant volition nutrient batteries for ​commercial vehicles, including buses, trucks, and minibuses.

Vietnam's EV marketplace is rapidly expanding, led by ‍domestic automaker ⁠VinFast, which dominates the sector.

VinFast precocious entered the commercialized conveyance conception with the motorboat of ⁠its electrical cargo van, the EC Van, designed to enactment ‌sustainable municipality freight transport.

(Reporting by Phuong Nguyen; ‌Editing by David Stanway)