Chinese electric vehicle maker BYD has signed an agreement with Vietnam’s Kim Long Motors to construct a commercial EV battery factory in central Vietnam, the companies said.
The plant will manufacture batteries for buses, trucks, and light commercial vehicles, supporting the growing electrification of Vietnam’s commercial vehicle market. The project will be completed in two phases, with a total investment of $130 million.
The first phase will cover 4.4 hectares and is expected to reach an annual production capacity of 3 gigawatt-hours (GWh). The second phase will expand the facility to 10 hectares, adding a passenger vehicle battery production lineand increasing total capacity to 6 GWh per year.
The project reflects BYD’s broader strategy to expand EV manufacturing and battery production across Southeast Asia, tapping into rising demand for electric commercial and passenger vehicles in the region.
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