Toyota invests US$283 million to expand hybrid vehicle production in Vietnam
Toyota Motor Vietnam will upgrade its Phu Tho manufacturing complex for electrified and CKD vehicles, with total registered capacity of approximately 52,000 cars per year. Toyota Motor Vietnam has secured approval for an investment project worth more than US$283 million, approximately 9.3 billion baht, to expand vehicle and component manufacturing in northern Vietnam. The People’s … The story…
Toyota has committed US$283 million to boost hybrid vehicle production in Vietnam. The investment project, approved by Phu Tho province, will upgrade Toyota Motor Vietnam's Phu Tho manufacturing complex to produce electrified and CKD vehicles. With a projected annual capacity of around 52,000 cars, the expansion will cover vehicle assembly, component manufacturing, and warranty services.
Plans for a new paint shop and stamping plant are set to begin in May 2027 and become operational in 2029. Toyota aims to strengthen its supplier network and raise the proportion of locally manufactured components, which will bolster Vietnam's automotive sector.
Written by urgent.news from The Thaiger's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
