On 27th Jan, Kim Long Motor and BYD entered into strategic partnership, opening BYD’s first EV battery plant in Vietnam

Published: Mar 16, 2026 19:15

Under the agreement, China’s BYD Battery, a global leader in green vehicles, will transferring technical expertise and transfer battery technology for the project while Vietnam’s Kim Long Motor will in charge of financing and developing energy battery manufacturing plant.

The project is intended to help Vietnamese companies progressively develop their own battery production capabilities. After completion, the BYD battery facility is projected to enable Kim Long Motor to raise its localization rate to more than 80% by Q2 2026.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
LME Lead Consolidates Below $1970/t Resistance Level
5 hours ago
LME Lead Consolidates Below $1970/t Resistance Level
Read More
LME Lead Consolidates Below $1970/t Resistance Level
LME Lead Consolidates Below $1970/t Resistance Level
Highlights of Future price: Market activity remains quiet during the Asian session, with LME 3M lead trading around $1963/t, up 0.03%. Prices moved in a tight range between $1945–$1965, reflecting low volatility and balanced sentiment. Trading remains rangebound as participants wait for clearer signals on supply-demand trend. Highlights of Asia lead market: Refined lead consumption remains subdued. In China, demand is weak with few spot orders and ex-works quotes around RMB 16,500/t. Across Asia, shortages of remelted lead continue to disrupt production. In Vietnam, smelters are limiting inventory buildup and focusing on long-term contracts, while imports have slowed due to high shipping costs. Long-term premiums are about $90 for 99.97 grade and $130 for 99.99 grade (over LME price).
5 hours ago
SMM April 20 Automotive Battery Market Summary [SMM Evening News]
6 hours ago
SMM April 20 Automotive Battery Market Summary [SMM Evening News]
Read More
SMM April 20 Automotive Battery Market Summary [SMM Evening News]
SMM April 20 Automotive Battery Market Summary [SMM Evening News]
6 hours ago
China's Lead-Acid Battery Imports Shoot up 88.18% MoM in March 2026, Up 16.84% YoY
6 hours ago
China's Lead-Acid Battery Imports Shoot up 88.18% MoM in March 2026, Up 16.84% YoY
Read More
China's Lead-Acid Battery Imports Shoot up 88.18% MoM in March 2026, Up 16.84% YoY
China's Lead-Acid Battery Imports Shoot up 88.18% MoM in March 2026, Up 16.84% YoY
[SMM Flash News] According to customs data, China's lead-acid battery imports in March 2026 reached 555,400 units, up 88.18 percentage points month-on-month and up 16.84 percentage points year-on-year. From January to March 2026, the cumulative import volume of lead-acid batteries was 1.3136 million units, down 4.85 percentage points year-on-year.
6 hours ago