LG to Provide NMC Batteries for Electric Buses to Kim Long Motor Company
Kim Long Motor, a Vietnamese electric vehicle manufacturer, is set to establish a dedicated facility for the assembly of battery systems. The pack assembly site will be built on a 22-acre plot in the industrial area of Hue, Vietnam.
The collaboration with LG Energy Solution will see the supply of cylindrical Nickel Manganese Cobalt (NMC) battery cells for the project. These cells will be used in electric buses manufactured by Kim Long Motor.
The operation of the dedicated facility is scheduled to begin in early 2026, with production processes boasting an automation rate of up to 90 percent. The first phase of the pack assembly site will have an annual capacity of one gigawatt-hour.
The long-term goal of this collaboration is to achieve a localization rate exceeding 80 percent for Kim Long Motor's electric vehicles. Further expansion of the pack assembly site is planned for the following years.
Kim Long Motor will assemble the supplied battery cells into complete battery systems at the dedicated facility. The investment in the pack assembly site is estimated to be just under 46 million US dollars, though the company financing the project is not specified in the provided search results.
This partnership aims to ensure a steady supply of batteries for Kim Long Motor's electric vehicles, contributing to the growth and sustainability of the electric vehicle industry in Vietnam.
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