YADEA Vietnam, a subsidiary of China's Yadea Technology Group Co., Ltd, plans to inaugurate a $100-million electric motorbike manufacturing plant in northern Bac Ninh province on March 1.
The facility, located in Tan Hung Industrial Park, represents the first phase of the company’s investment and forms part of its broader expansion in Southeast Asia.
YADEA Vietnam was quoted by the Vietnam News Agency as saying that the plant is intended to strengthen its manufacturing capacity in Vietnam and support growing demand for electric two-wheelers.
Designed as a smart manufacturing facility, the plant is expected to create thousands of jobs for local workers and add momentum to Vietnam’s electric motorbike industry, which has seen steady growth in recent years amid the shift toward greener transport options.
The company has indicated that it plans to continue investing in production technology and workforce development in Vietnam as it expands its footprint in the market.
Google translate