KIM LONG MOTOR AND CHANGAN AUTOMOBILE OFFICIALLY ANNOUNCE THE CONSTRUCTION PLAN FOR THE KIM LONG CHANGAN VIET NAM 5-7-SEATER PASSENGER VEHICLES MANUFACTURING PLANT

---

On the morning of January 14, 2025, at the KIM LONG MOTOR Hue Automotive Manufacturing and Assembly Complex, the ceremony announcing the investment cooperation to construct a 5-7-seater passenger vehicles manufacturing plant and the signing of a production cooperation agreement between CHANGAN Automobile Co., Ltd., and KIM LONG MOTOR Hue Joint Stock Company took place. The event not only opens up extensive cooperation opportunities but also demonstrates the commitment of the participating parties to providing modern new energy vehicles that meet the green mobility demands in Vietnam.

Signing of the production cooperation agreement between CHANGAN Automobile Co., Ltd. and KIM LONG MOTOR Hue Joint Stock Company

Founded in 1862, CHANGAN Automobile is the largest and oldest state-owned automobile group in China, headquartered in Chongqing. In 2024, the group recorded sales of 2.68 million vehicles, affirming its pioneering position in the automotive industry. With a global network of R&D centers and a team of over 18,000 experts, CHANGAN continuously innovates to deliver smart and eco-friendly mobility solutions.

Mr. Wang Hui - Vice President of CHANGAN Automobile Group, speaks at the ceremony

Speaking at the ceremony, Mr. Wang Hui, Vice President of CHANGAN Automobile Group, shared:
“This collaboration with KIM LONG MOTOR Huế marks a crucial step in CHANGAN Automobile’s globalization strategy, ‘Hai Na Bai Chuan,’ and will serve as an important starting point for CHANGAN Automobile’s entry into the Vietnamese market. Both parties will engage in extensive cooperation in areas such as product technology, brand marketing, supply chain, OEM partnerships, social responsibilities, and more.”

The strategic cooperation between KIM LONG MOTOR and CHANGAN Automobile in Vietnam will focus on key pillars: selecting unique product ranges, developing a distribution system that meets brand standards, and systematically investing in the construction of the KIM LONG CHANGAN VIỆT NAM 5-7-seater passenger car manufacturing plant.

Senior leaders of CHANGAN Automobile Group tour the production line at the KIM LONG MOTOR Hue Complex

KIM LONG MOTOR and CHANGAN Automobile will select internationally successful products suitable for the Vietnamese market, starting with the DEEPAL brand. Five models are expected to launch within the next three years to meet Vietnamese consumers' demand for green and smart mobility. In parallel, both parties will jointly plan a network of 80 showrooms across the country to create a connected system offering a consistent global experience.

The strategic highlight is the KIM LONG CHANGAN VIỆT NAM 5-7-seater passenger car manufacturing plant, which will cover 30 hectares within the KIM LONG MOTOR Hue Automotive Complex. With a designed capacity of 50,000 vehicles annually, the factory will implement CHANGAN's advanced production technology, aiming for a localization rate of 40% in the initial phase and 80% by Q2 2026. The plant is scheduled to commence construction in 2025, generating thousands of jobs and contributing to local economic and social development.

Mr. Dao Viet Anh - General Director of KIM LONG MOTOR Hue, speaks at the ceremony

Speaking at the event, Mr. Dao Viet Anh, General Director of KIM LONG MOTOR, stated:
“2024 has witnessed a strong transformation in Vietnam’s automotive market, particularly the rise of electric and new energy vehicles. This presents tremendous opportunities alongside significant challenges. However, with over 163 years of experience and superior technological capabilities, we believe in the success of CHANGAN Automobile. KIM LONG MOTOR is committed to leveraging all resources, technology, and close cooperation with CHANGAN Automobile to achieve the shared goals, quickly bring the KIM LONG CHANGAN VIET NAM 5-7-seater passenger car manufacturing plant into operation, and write a new chapter for Vietnam’s automotive industry together.”

This event not only marks a significant milestone in the development journey of KIM LONG MOTOR but also strongly affirms the strategic partnership between the two automakers, working together to build a green and sustainable mobility future in Vietnam.

---

KIM LONG MOTOR CHANGAN AUTOMOBILE SẢN XUẤT Ô TÔ DU LỊCH