Yadea Vietnam Science and Technology Co., Ltd., a subsidiary of the China-based YADEA Group, officially inaugurated its smart electric motorcycle manufacturing plant at Tan Hung Industrial Park in northern Vietnam's Bac Ninh Province on March 1.
The facility represents a phase 1 investment of over $100 million, with an initial production capacity of more than 1 million electric motorcycles per year, which is slated to scale up to approximately 2 million units annually.
Speaking at the event, Standing Vice Chairman of the Provincial People’s Committee, Mr. Mai Son, said that once the project is fully operational, it will not only contribute significantly to the provincial budget but also drive the formation of an electric vehicle (EV) industrial cluster and supporting industries, such as batteries, motors, and electronic components.
According to Mr. Son, Bac Ninh has identified modern, green, and sustainable industrial development as a core pillar of its long-term growth strategy. The province prioritizes attracting high-tech and environmentally friendly projects that offer high added value, strong spillover effects, and the potential to establish new manufacturing ecosystems.
Furthermore, Mr. Son expressed his hope that YADEA would continue to view Bac Ninh as a strategic hub within its global value chain. He encouraged the company to ramp up investment in research and development (R&D), strengthen partnerships with domestic enterprises, gradually increase the localization rate, and build a comprehensive EV manufacturing ecosystem with international competitiveness.
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