Kim Long Motor enters passenger car market with 100,000-vehicle plant

Kim Long Motor Hue Joint Stock Company has just released its updated Environmental Impact Assessment report for the Kim Long Motors Hue Automobile Manufacturing and Assembly Complex.

According to the latest report, the project’s scale has been significantly adjusted, particularly in phase 2, where the company now aims to produce 100,000 passenger cars annually—a segment not included in its previous plans.

Specifically, phase 1 will focus on manufacturing and assembling approximately 9,950 passenger buses per year, along with around 20,000 trucks and specialized vehicles.

Phase 2 marks a significant expansion and will include the production and assembly of passenger cars with a capacity of 100,000 vehicles/year, along with the manufacturing of roughly 12,000 engines annually and various mechanical components for auto production.

In the latest adjustment, the company also increased the project’s investment by more than VND 21,178 billion, bringing total capital to more than VND 25,500 billion.

The project is divided into two phases across nearly 65 hectares of land. 

Phase 1, covering 35 hectares, is scheduled for completion by the end of 2025, including factories for passenger buses, trucks, mechanical parts and engine manufacturing. 

Phase 2, spanning the remaining 30 hectares, is expected to be completed by the end of 2026, focusing on passenger car production.

According to the report, by the end of June 2025, the factory had produced 2,100 passenger buses, contributing over VND 410 billion to the state budget and creating jobs for more than 3,100 workers. 

Kim Long aims to produce an additional 4,000 vehicles in the last six months of the year, contributing VND 1,200 billion to the budget.

Kim Long Motor Hue Joint Stock Company is the investor of the Kim Long Motor Hue Automobile Manufacturing and Assembly Industrial Park,  which has a total planned area exceeding 600 hectares.

The large-scale complex will host multiple specialized facilities, including a vehicle assembly plant, engine and transmission production units, mechanical workshops, and a chain of component and spare parts factories.

Kim Long Motor’s long-term goal is to transform the complex into a leading regional automotive and auto parts manufacturing hub, targeting a localization rate of 80% to 90% by the second quarter of 2026.