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On January 27, 2026, at KIM LONG MOTOR HUE Manufacturing and Assembly Industrial Park, KIM LONG MOTOR held a strategic cooperation signing ceremony with BYD BATTERY - the worlds leading enterprise in the field of batteries and new energy vehicles, and also held a groundbreaking ceremony to build the BYD Battery Factory with an investment capital of 130 million USD. Download Delegates perform the groundbreaking ceremony to build the factory - Photo VGP Mr. Dao Viet Anh, General Director of KIM LONG MOTOR, said that this event was organized to join the excited atmosphere across the country to celebrate the success of the 14th National Congress of the Party. This is a key project, with important significance in concretizing the policies and guidelines of the Party and State on developing high-tech industry, promoting green transformation, and enhancing self-reliance capacity strategy of the economy, Mr. Dao Viet Anh stated. The project also affirms KIM LONG MOTORs commitment and long-term strategic vision in mastering the production value chain, gradually moving from processing and assembly to research, development and manufacturing of core technology components of automobiles. According to the cooperation agreement, KIM LONG MOTOR invests in building a new energy battery factory in Vietnam with the companionship and comprehensive transfer of techniques and technology from BYD Group. This cooperation creates a foundation for business. The company gradually masters battery production technology - a key component that determines the performance, safety and competitiveness of electric vehicles researched and produced by KIMLONGMOTOR. Download KIM LONG MOTOR signed a strategic cooperation agreement with BYD BATTERY - the worlds leading enterprise in the field of batteries and new energy vehicles - VGP Photo Download BYD Group is the worlds leading new energy technology and automobile group, possessing a global-scale research and production ecosystem and extensive deployment experience in major markets. Cooperation with BYD Group helps KIM LONG MOTOR access advanced technology standards, Improve design, production and quality management capacity in the field of battery production, in accordance with the long-term development orientation of the business. BYD Battery Factory project is built at KIM LONG MOTOR HUE Automobile Manufacturing and Assembly Industrial Park. The factorys products are battery lines for trucks, buses, minivans, minibuses... to meet the increasingly strong development needs of the Vietnamese market and aim to serve export to other countries with top quality batteries and complete commercial vehicles manufactured by KIM LONG MOTOR under the brand Made in Vietnam. For the first time in the world, KIM LONG MOTOR pioneered the research, development and production of a 34-seat EV sleeper bus model, applying modern BYD battery technology. This is the first inter-provincial sleeper bus model using new energy to serve the Vietnamese and Southeast Asian markets, marking an important breakthrough in KIM LONG MOTORs journey of mastering technology, creating motivation to promote the trend of green, sustainable transport development. Asias leading modern and advanced technology This specialized battery factory for commercial vehicles has a total investment capital of 130 million USD in 2 phases. Phase 1, built on a covered factory area of 4.4 hectares, is oriented to become one of the electric vehicle battery factories with a capacity of 3 Gwh/year and leading modern advanced technology not only in Vietnam but also in Asia. The factory is expected to come into operation soon, making an important contribution to improving production capacity and actively supplying batteries of KIM LONG MOTOR. In the next phase, we will expand the investment scale and develop additional battery lines for cars with a covered factory area of 10 hectares to increase the total capacity of phase 2 to 6 Gwh/year. Download Mr. Dao Viet Anh - General Director of KIM LONG MOTOR speaking at the ceremony - VGP Photo With high automation technology and modern quality management system, BYD battery factory not only effectively meets the need to increase domestic production, but also expands exports to countries inside and outside the Southeast Asia region, gradually affirming the production capacity, technological level and position of the Vietnamese brand in the international market. Mr. Dao Viet Anh - General Director KIM LONG MOTOR shares: KIM LONG MOTOR determines that electric vehicle development is not only an inevitable trend, but a long-term strategy associated with the self-reliance of the national industry. The strategic cooperation with BYD Group and investment in building the BYD Battery Factory demonstrates our strong commitment to mastering core technologies, instead of just stopping at assembly or processing. Mr. Dao Viet Anh affirmed, green industry development is not This is not only a simple investment project but a strategic milestone, demonstrating KIM LONG MOTORs determination to participate deeply and substantially in the global value chain of the battery industry and new energy vehicles. When put into operation, BYD Battery Factory will contribute to helping businesses realize the goal of achieving a localization rate of over 80% by the second quarter of 2026, gradually forming a regional battery and electric vehicle production center. With the orientation of proactively building a closed value chain, from vehicle production to mastering core components and spare parts, KIM LONG MOTOR gradually affirms the pioneering role of private economic enterprises in improving public capacity. technology, especially mastering key technologies, developing high-tech industry; Practically contributing to implementing the Resolution of the 14th Party Congress. 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