Changan and Kim Long Motor Partner to Build Plant in Vietnam, Boost ASEAN Expansion

Chongqing - Changan Automobile and Vietnamese automaker Kim Long Motor have recently signed a framework agreement to build a manufacturing plant in Hue, Vietnam. This partnership aims to boost Changan's entry into the Vietnamese market and strengthen its brand presence in ASEAN countries.

The signing ceremony was recently held in Hue, Vietnam. (Photo/Changan Auto)

The plant, set to begin construction in 2025, will manufacture 5-7-seater passenger vehicles with an annual capacity of 50,000 units. It will combine Changan's production technology and quality management with Kim Long's localization expertise and resources.

The two sides will cooperate extensively in product technology, brand marketing, supply chain, original equipment manufacturing, and corporate social responsibility.

Kim Long Motors is a leading player in the Vietnamese automobile industry. Dao Viet Anh, the company's general director, said the partnership is a crucial foundation for solidifying its position in the domestic market and expanding internationally. Kim Long will fully use its resources and technical expertise while collaborating closely with Changan to achieve their shared goals.

Wang Hui, vice president of Changan Automobile, stated that the partnership reflects Changan’s commitment and capability in executing its globalization strategy, with the Vietnam plant enhancing its competitive edge.

Changan has achieved fast market expansion following its globalization plan launched in 2023. In 2024, the company reported 536,196 overseas sales, growing 49.6% year-on-year and contributing 23% to its total revenue.

The leaders of Changan Auto and Kim Long Motors discuss collaboration matters. (Photo/Changan Auto)

Changan announced its 2025 goal at the Global Partner Conference on December 29. The company targets an annual revenue of 300 billion yuan (USD 40.95 billion) with 3 million sales, including 1 million overseas sales and 1 million NEV sales.

At the conference, Zhu Huarong, Chairman of Changan Automobile, outlined five key projects for 2025: starting production at the Rayong plant in Thailand, expanding Changan into Europe, producing auto components in the CIS region (including Kazakhstan), launching a subsidiary in Brazil, and introducing Changan, Deepal, and Avatr brands in the Middle East and Africa.