A bus assembly line of the Truong Hai Automobile Company (Thaco) (Photo: VNA)
Quang Nam (VNA) - Carmaker Truong Hai Automobile Company (Thaco) has opened a new bus plant in the Chu Lai-Truong HaiIndustrial Complex in Quang Nam province.
In conjunction with the Republic of Korea’s Hyundai Motors, it will make 20,000buses and minibuses a year from 2018, mostly for export to ASEAN countries.
Deputy Director ofThaco Pham Van Tai said the 17ha plant, which was built at a cost of 7 trillionVND (310 million USD), would supply high-quality vehicles. He said the newplant, built using 60 percent Vietnamese-made components, would produce enginesmeeting Euro 4 Emission Standards.
"We have increased the localisation ratio to produce goodquality and competitively priced vehicles to take advantage of the zero taxbeing introduced throughout the ASEAN region next year,” Tai said.
He said the company had developed a supporting industry zone with 24 plantsproducing spare parts and accessories for local use and export.
Thaco has also built a research and development centre at the new bus plant aswell as an automatic welding line and power coating for painting vehicles.
In 2010, Thaco invested 44 million USD in building the first plant to make45-seat buses with a capacity of 5,000 vehicles per year.-VNA
Truong Hai Auto Corporation (Thaco) will pour nearly 3 billion USD into the Chu Lai Open Economic Zone in the central province of Quang Nam in the 2017-2021 period, lifting its total investment in the zone to 6 billion USD.
Truong Hai Automobile Joint-Stock Company (Thaco) launched its new Crossover Utility Vehicle (CUV) Model, the Mazda New CX-5, at Chu Lai-Truong Hai Industrial Complex in Nui Thanh district, the central coastal province of Quang Nam on November 18.
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A bus assembly line of the Truong Hai Automobile Company (Thaco) (Photo: VNA) 
