On August 23, Guangxi Yuchai Machinery Co., Ltd. (Yuchai) entered into a comprehensive strategic cooperation agreement with Kim Long Motor Hue Joint Stock Company (Kim Long Motor), a subsidiary of FUTA in Vietnam.

This agreement marks the commencement of the construction of an engine plant, with a total investment of USD 260 million. The plant features a world-class, highly automated engine assembly line, mainly manufacturing a full range of Yuchai diesel and natural gas engines, with an annual production capacity exceeding 12,000 units. These engines are suitable for use in commercial vehicles, engineering machinery, agricultural machinery, ships, and power generation.

The Phase I project is expected to commence operations in the second quarter of 2025. (Bo)