First ESMO-VINA wiring harness facility under construction
VOV.VN - ESMO (formerly NEXEN TECH) has just started construction of ESMO VINA - its first wiring harness factory in Vietnam, covering an area of 63,500 m2 with a total investment of VND700 billion.
The construction of ESMO VINA aims to improve production capacity to meet the demands of new orders, while enhance its competitiveness through the systematic production of specialized parts for hybrid and electric vehicles. Its key product line is Wiring Harness - the company's flagship product with a production volume of about 450,000 products per year - used in large and small buses as well as Battery Module Harness (battery module system), electric vehicle charger cable... with a view to the explosion of hybrid electric vehicles from 2020.
In the context of international agreements on emission reduction that are being implemented to fight against climate change and the greenhouse effect, reducing emissions from vehicles is also one of the important tasks for automobile manufacturing enterprises. Electric vehicles and hybrid vehicles are becoming more and more popular, leading to the development of the corresponding parts industry that ESMO is one of the pioneers.
ESMO is currently operating two manufacturing facilities, GoHyeon and RaeSeo, in Qingdao, China. In order to realize the goal of expanding the business scale to Southeast Asia, ESMO has just established Global Land Vina Co., Ltd operating in Vietnam in addition to building this third facility. The company also plans to increase the product volume for automakers concentrated in Southeast Asia that are rapidly growing.
Early this March, NEXEN TECH (currently ESMO) has partnered with UK business Volex which is expanding its business network with Wiring Harness, including the exclusive supply of Tesla Model 3 rechargeable cables (used in electric vehicles developed by Tesla Motors or equipment of Dyson UK) which is expected to launch by end of this year.
NEXEN TECH has just been renamed to ESMO early this May.