Yadea Vietnam is about to have a new factory with a capacity of up to 2 million vehicles/year.

(Dan Tri) - Yadea Vietnam's new assembly plant has a total investment capital of up to 100 million USD and an area 5 times larger than the current facility.

After 3 years since entering the Vietnamese market, Yadea recently produced its 100,000th electric motorbike at its assembly plant in Quang Chau (Bac Giang). The model marking this memorable milestone is the Voltguard, one of the company's two main products at the moment.

Yadea Vietnam's assembly plant in Quang Chau (Bac Giang) has an area of ​​50,000m2 with a capacity of up to 500,000 vehicles/year (Photo: Nguyen Lam).

During the event, Yadea Vietnam revealed its expansion plans. The company will start construction on a new factory in Tan Hung Industrial Park (Bac Giang) in the fourth quarter of this year with a total investment of up to 100 million USD. The new facility is expected to be operational in 2025, covering an area of ​​230,200m2 and with a capacity of up to 2 million vehicles/year. The production line will include the entire process of molding, painting, welding, assembly, and there will also be a research and development center for power supply systems, chassis construction, materials and batteries.

The customer who bought the 100,000th electric motorbike of Yadea Vietnam was also invited to the launch ceremony (Photo: Nguyen Lam).

From 2017 to 2022, Yadea was recognized by Frost & Sullivan - a company specializing in market research and analysis - as the world's best-selling electric vehicle brand for 6 consecutive years. To date, the company has provided products and services to more than 70 million customers in 100 countries and regions, through a network of more than 40,000 retailers.

Yadea Vietnam is distributing more than 10 product lines including electric motorbikes and electric bicycles with prices ranging from 13-28 million VND (Photo: Nguyen Lam).

Yadea Vietnam's formidable competitor is VinFast. Products from the Vietnamese brand are priced higher but have superior electric motors and a flexible battery rental policy, helping users save on initial investment costs.

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