The Truong Hai Automobile Joint-Stock company (Thaco), in co-operation with Japan’s Mazda Motor Corporation, plans to build a new plant for auto exports in the central province of Quang Nam this year. — VNS Photo
The Truong Hai Automobile Joint-Stock company (Thaco), in co-operation with Japan’s Mazda Motor Corporation, plans to build a new plant for auto exports in the central province of Quang Nam this year.
Thaco said the joint-venture plant will be built in the Chu Lai-Truong Hai Industrial Complex in Nui Thanh District, at a total investment of VND8.6 trillion (US$380 million).
The new Mazda plant is expected to produce 100,000 Mazda cars per year with a localisation ratio (local made spare parts and accessories) of 44 per cent.
The Japanese car maker is also boosting co-operation with Thaco in the production of spare parts and accessories.
Mazda is the leading Japanese brand in Viet Nam, with the CUV (Crossover Utility Vehicle) CX-5, Mazda3, and Mazda2, in addition to Mazda2 and 3 All-New, and Mazda 6. — VNS