STRATEGIC COOPERATION SIGNING CEREMONY BETWEEN KIM LONG MOTOR AND SUZHOU AOJ – AFFIRMING THE POSITION OF VIETNAMESE BRAND

Under the agreement, KIM LONG MOTOR will leverage its strengths in manufacturing capacity, distribution systems, and deep understanding of the Vietnamese market. Meanwhile, Suzhou AOJ will provide technological platforms, product development solutions, and international implementation experience. The two sides will collaborate to develop commercial vehicles such as buses, vans, and trucks, as well as passenger car platforms with aluminum bodies. Additionally, they will focus on building supply chains, promoting localization, and enhancing technological content.

Notably, both parties intend to establish an AOJ Technical Center in Vietnam and work towards building a Joint Research & Development (R&D) Institute. This will create a foundation for technological advancement, human resource development, and the enhancement of domestic production capacity. This partnership not only strengthens the competitiveness of KIM LONG branded products but also progressively realizes the goal of making KIM LONG MOTOR a leading automotive brand in Vietnam and Southeast Asia.

This serves as a crucial foundation for KIM LONG MOTOR to maximize the localization rate, enabling the Vietnamese automotive industry to become truly autonomous in manufacturing high-quality vehicles. This is not just a strategy but a steadfast objective of KIM LONG MOTOR.