VinFast Manufacturing and Trading, a member of
VinGroup, has entered into a joint venture with AAPICO Hitech for automobile
body stamping and welding in Vietnam, while also partnering German engineering
group EDAG as the overall development partner for the first electric vehicle to
enter the Vietnamese market.
Meanwhile, AAPICO will be responsible for project
management, which includes manufacturing technologies, factory design, and
equipment installment. VinFast will provide the factory location and to
facilitate the best possible conditions for operations, according to Viet Nam
News.
AAPICO is among the leading manufacturers for
automotive components in Thailand, with networks in India, Europe, the United
States, Mexico and China. Its key customers include Isuzu, Nissan, Ford, Honda
and Mitsubishi. The auto components manufacturer paid US$ 100 million for a 25.1% stake in the Sakhti Automotive Group from India in order
to increase global production capacity, Viet Nam News said.
