|Truong Hai Auto Corporation (THACO) on September 14 inaugurated its upgraded and expanded Thaco KIA factory at the Tam Hiep Industrial Zone in the central province of Quang Nam.(Photo: VNA)
Pham Van Tai, THACO General Director, said the project has been implemented for seven months, with technical support from experts of the Republic of Korea (RoK)’s Kia Motors Group.
Under the project, the factory has been equipped with cutting-edge technologies and its capacity has been increased from 20,000 to 50,000 vehicles per year, he said.
The factory covers a total area of 20 hectares, with accumulative investment amounting to 450 billion VND (19.35 million USD), Tai added.
THACO commits to making greater efforts in order to raise the localisation rate, meeting the demand for export to regional countries, he said.