KIM LONG MOTOR HAS ACQUIRED THE TECHNOLOGY TO MANUFACTURE YUCHAI ENGINES THROUGH A NEW AGREEMENT WITH YUCHAI

07-09-2024

On September 6, 2024, at the YUCHAI Group headquarters in Nanning City, Guangxi Province, China, KIM LONG MOTOR and YUCHAI Group, a leading Chinese engine manufacturer, officially announced a technology transfer agreement for the production and exclusive distribution of Yuchai engines in the Vietnamese market, as well as in other Southeast Asian countries and South Korea.

KIM LONG MOTOR and YUCHAI Group signed an agreement granting a license for technology transfer and exclusive distribution of YUCHAI engine products.

This event marks a significant milestone following the comprehensive strategic cooperation agreement between KIM LONG MOTOR and YUCHAI, as well as the groundbreaking ceremony for the KIM LONG HUE engine manufacturing plant and the launch of the new generation KIMLONG 99 bus with YUCHAI K11 engine at the KIM LONG MOTOR HUE Automotive Manufacturing and Assembly Industrial Park, Vietnam on August 23rd.

The exclusive licensing agreement also includes contracts for the transfer of engine manufacturing technology, technical services for building digital systems, and the supply of machinery and equipment for the KIM LONG Hue engine manufacturing plant, which has a total investment of 260 million USD and an automation level exceeding 90%. The plant's products will include a diverse range of engines for automobiles, watercraft, generators, agriculture, and construction.

Mr. Ngo Ky Vy, General Director of YUCHAI Group, and Mr. Ly Quoc Viet, Deputy General Director of KIM LONG MOTOR, signed the contract for the transfer of YUCHAI engine manufacturing technology in Vietnam.

Mr. Ngo Ky Vy, General Director of YUCHAI Group, and Mr. Ho Cong Hai, Deputy General Director of KIM LONG MOTOR, signed the contract for the supply of machinery, equipment, and production technology

The cooperation between KIM LONG MOTOR and YUCHAI Group aims to enhance local production capacity and elevate the reputation of high-quality YUCHAI engines in the region. "We are delighted to cooperate with KIM LONG MOTOR on the YUCHAI engine manufacturing plant project in Vietnam. We expect this cooperation to meet the growing demand for engines in Vietnam and the regional market. We believe that together, we can achieve success, and KIM LONG MOTOR and YUCHAI will jointly create the future," said Mr. Ngo Ky Vy, General Director of YUCHAI Group.

Mr. Ngo Ky Vy, General Director of YUCHAI Group was speaking at the ceremony

Speaking at the ceremony, Mr. Dao Viet Anh, Member of the Board of Directors of KIM LONG MOTOR, said: "Today's result is not only a testament to our shared vision but also a deep reflection of the absolute trust between the two companies and groups. We are taking the first steps, beginning a great journey: expanding opportunities, expanding the market for Yuchai engine products in Vietnam and the region; not only contributing to the development of Vietnam's automotive manufacturing industry but also fostering the cooperative friendship between Vietnam and China. Above all, it is for the dedication to the nation 'FOR A STRONG VIETNAM'."

Mr. Dao Viet Anh, Member of the Board of Directors of KIM LONG MOTOR, was speaking at the ceremony

YUCHAI ENGINE has established itself as a global leader in engine manufacturing, renowned for its advanced technology and commitment to sustainable development. With this new agreement, KIM LONG MOTOR will leverage YUCHAI's advanced science and technology to manufacture a diverse range of engines to meet the needs of the Vietnamese and ASEAN markets.

KIM LONG MOTOR and YUCHAI are together building the future!

KIM LONG MOTOR YUCHAI ENGINE