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Home > News > Automotive

GWM to build automobile assembly factory in Vietnam

Source：Adsale Plastics Network Date ：2024-09-17 Editor ：VC

Copyright： This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

After officially entering the Vietnamese market in August 2023, Great Wall Motor (GWM) has recently signed a memorandum of understanding for cooperation on a CKD (Completely Knocked Down) assembly project with Vietnam’s TAG.

Both parties held in-depth discussions about future cooperation visions, planning to leverage their respective expertise and resources to jointly expand the market. The factory is expected to achieve localized production and sales by the end of 2025.

For expanding its global production and supply network, GWM actively promotes localized production strategy, shifting from exporting products to manufacturing abroad. Overseas KD factory projects have become an important means of expanding production capacity, in addition to its full-process factories.

Currently, the Chinese automaker has achieved a “dual-wheel drive” model with both domestic and overseas operations, forming a global production layout of “10+3+N" - 10 factories in China, 3 overseas factories, and multiple KD factories in overseas.

GWM has recently signed a memorandum of understanding for cooperation on a CKD assembly project with Vietnam’s TAG.

Rapidly growing overseas sales

Following the commencement of KD factory operations in Ecuador, Pakistan, Uzbekistan, and Ghana, several GWM projects in Indonesia, Malaysia, and other locations are expected to begin production within the year.

GWM’s overseas sales reached 280,139 units from January to August of this year, a year-on-year increase of 54.20%. In August alone, overseas sales amounted to 40,454 units, a year-on-year increase of 31.60%, setting a new monthly record for overseas sales.